Thinking of Purchasing a Church

Here are a few tips from our experts to know before you decide to purchase a place of worship.

  1. Secure Financing

    Not all financial institutions will lend money to a religious organization. Knowing upfront what your borrowing power is will help you determine what type of property you can afford.

  2. Establish a Legal Entity

    If you are starting up a new church and looking for a church home, it is important to establish a LLC for the purchase of any building. This will help expedite the process and prevent delays.

  3. Understand Church lending

    The lending process for churches is different than a typical residential loan. Typically, a bank is going to want 25-30% down and will only lend three times your annual giving. Understanding this and getting the finances together upfront can help make a seamless purchase process.

  4. Contact the right agent

    Working with the right agent can make a difference. Our agents are experienced in the buying and selling of places of worship and know the common pitfalls. Call us today to talk about your specific needs and what we can do to support your organization.