Refinancing Your Church Loan? (Maybe GUMF can help.)


If your church has a loan balance coming due and you are paying as agreed, perhaps the Georgia United Methodist Foundation may be able to help. We can offer attractive rates and terms. We can also offer advice to help you get the best deal possible. Here are some matters to consider.

1. Research your options at least six months in advance of the maturity date of the note. Does your church want to pay off the loan balance and be debt-free? If not, let GUMF assist in finding your best option.

2. As a connectional ministry, GUMF’s surpluses after expenses are all invested into The United Methodist Church. Your note payments to GUMF help us fund scholarships to Methodist students and to provide grants to Methodist churches and ministries. Traditional for-profit lenders exist to benefit their shareholders.

3. Consider the benefits of refinancing with GUMF. We offer:

  • Easy-to-understand terms and conditions based on simple interest calculations. Complicated interest rate swap contracts are not involved.
  • Five-year fixed rates on amortizations of up to 20 years. Automatic rate resets to current GUMF rates occur at each five-year note anniversary. There are no balloon maturities and no prepayment penalties.
  • Limited closing costs and no state intangible taxes.
  • A minimum loan amount of $25,000 is required. For current rates, visit

4. GUMF has your best interests at heart. We would be happy to review offers from other lenders or provide recommendations based on your church’s unique situation. If you would like to speak with our Lending Director, please call GUMF at 770-449-6726 or 877-220-5664 or email

This article was originally published in the Georgia United Methodist Foundation's Fall 2017 Faith & Money.