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Free Methodist Investment & Loan Fund
8050 Spring Arbor Road
PO Box 580
Spring Arbor, Michigan 49283
phone: 517.750.2727
toll free: 800.325.8975
fax: 517.750.2752
email: info@fmfoundation.org
Loans
The primary purpose of the Free Methodist Loan Fund is to assist new and developing ministries of the Free Methodist Church in the acquisition, construction and expansion of physical facilities by providing user friendly loan services.
Loan recipients do not pay points or fees for loan services. The terms of our loans are 10, 15, 20, and 25 years. The rate will be adjusted at 5 year intervals from the date of approval. The internal loan committee at the Free Methodist Foundation reviews all loan applications. The board members of The Free Methodist Foundation also review all loan applications more than $250,000. All loan decisions are based upon an analysis of historical guidelines, relevant circumstances and the availability of funds. No loan request is guaranteed approval.
All loans are compliant with requirements defined by the Free Methodist Book of Discipline and the offering circular. Loans are secured by first mortgages and conferences co-sign all loans to churches. Site visits are normally required for loans exceeding $250,000. The Foundation’s general counsel assures that the fund is compliant with all securities regulations and manages the loan closing process.
Please contact us if you have any questions or need any additional information.
We look forward to serving you!