Repairs - Renovation - Expansion - Refinance?



Does your church parking lot need repaving? Is the roof leaking? Are you considering expanding to accommodate growth? Is your current loan at a high interest rate or coming due soon?

These are some of the typical needs of churches.

The Georgia United Methodist Foundation is here to help!

One of the many services GUMF offers is loans. We can provide new construction loans as well as permanent mortgages secured by the church’s land and buildings.

Generally, our rates and terms are more favorable than traditional bank financing. Some of the benefits of using GUMF are:

  • Up to 20-year amortization.
  • No balloon maturity.
  • Interest rate is fixed for the first five years, then reset to GUMF’s prevailing rate each five years through maturity.
  • No origination fees.
  • Typical closing costs include attorney fees, title search, recording fees, and title insurance.
  • We do not charge intangible tax on loans since we are a nonprofit organization, resulting in substantial savings.
  • No prepayment penalty. Most of our borrowers pay off their loan ahead of schedule.
  • In some situations, an independent appraisal is not required resulting in cost savings and closing time.

GUMF has extended loans to United Methodist churches and Methodist organizations throughout Georgia for over 15 years. Loans can range in size from $25,000 to over $4,000,000.

In addition to mortgage loans, we can provide financing for loans secured by GUMF investment certificates.

Loan requests usually begin with a call from the pastor, board of trustee chair, or finance committee representative. In our initial conversation, we discuss the church's needs for financing. We review the loan process, which involves the church submitting a loan application. (To submit the church’s application via email, please request a writable form). The application includes information on the church’s history, growth, leadership, ministries, financial reports, and the need for financing.

Once the completed application is received, we will review the financial information to evaluate the church's ability to repay the loan. We help the church determine the appropriate size loan. Sometimes a smaller loan is appropriate. Or we may recommend completing a capital campaign before starting a project. If current financial performance supports the loan, we can approve quickly and issue a commitment letter. Once the church accepts the commitment, the closing can follow shortly.


Here are some examples of the favorable comments GUMF has received from churches we have worked with:

Atlanta Bethany UMC, Sugar Hill
“When our current lender told us they were no longer doing church loans, we approached GUMF and they helped us refinance our loan providing better terms. We are so grateful.”

Bremen UMC, Bremen
“We needed to purchase a new parsonage. GUMF quickly approved our request and closed on the loan. Thanks!”

Friendship UMC, Hephzibah
“We contacted GUMF about refinancing our bank loan plus funds for parking lot repaving and other small projects. They helped with the loan process and approved the loan. The parking lot looks great. Thank you GUMF!”

Our mission is to assist churches in growing their ministries and serving their community in the name of Christ. If your church has a new project or wants to refinance its current loan, please contact us, James (Jim) F. Pope at 770-449-6726, 877-220-5664, 770-841-5163 or or Lori Tucker at 770-449-6726, 877-220-5664 or