All Interest Paid is Distributed to Kingdom Causes
Interest paid on land or construction financing through The Baptist Foundation of Oklahoma is distributed to more than 300 Southern Baptist ministries and charitable causes every year. In a typical year, in excess of $3 million is earned in interest from church loan financing through the Foundation and helps various organizations across Oklahoma, the nation and around the world.
Competitive Interest Rates and Terms on Land and Construction Loans
Interest paid and distributed to Kingdom causes is a significant benefit of your loan through the Foundation, but we also want Oklahoma churches to get a great interest rate and terms for their land and construction loans. In most cases, the interest rate will be lower than can be obtained through other lending sources. Check out the interest rate page and see for yourself.
Low Closing Cost
The only closing costs associated with the Baptist Foundation of Oklahoma’s church loan financing are: an Origination Fee, which helps offset some of the costs of the construction and land loan program, Mortgage Title Insurance and a Mortgage Filing Fee. No appraisals or surveys required and there are no prepayment penalties.
Fast and Convenient Church Financing
All that is required to begin the church loan financing process for your church’s building project is for you to submit a Church Building Loan application. We give you two
online options for obtaining an application. You may also call us at 800.949.9988, extension 108, and we will mail a complete package.