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Church & institution financing

We offer a variety of loan options, financial tools and resources to help churches and nonprofit institutions grow and help their local communities thrive.

Frequently asked questions

Get answers to common questions you may have about Thrivent's church and institution financing solutions.
Who should I contact to discuss refinancing my church's existing mortgage loan?
Take advantage of lower rates to save on your church’s monthly payment. Call us to discuss options at 800-984-9425
Does Thrivent provide construction loans?
Yes, we can provide loans for a variety of purposes. Contact us at 800-984-9425 to discuss your specific needs.
What is the loan process for churches and institutions?
You can begin the loan process by calling us at 800-984-9425. This way, we can discuss your particular situation prior to receiving your loan application. You'll then submit your application to the Church & Institution Financing department as directed on the loan application form.

Once we receive your application, we will underwrite the loan and, upon approval, will send the congregation a formal letter of our commitment to provide the loan. Typically it takes about two weeks to complete the underwriting process and to issue the formal commitment to your church or institution.

After that, the timeline depends on the specific requirements needed to close the loan. For example, most loans require a borrowing resolution to be approved by the congregation, in accordance with your constitution and by-laws. Once we receive all the specific closing requirements, it takes about two weeks to review the items submitted, prepare the loan documents and schedule the closing. These timeframes are estimates and may vary based on the nature of the project.
How do I compare our Thrivent loan offer with other lenders?
The Thrivent Church Financing team is here to help Christian churches and institutions achieve their missions, grow their ministries and meet their financial stewardship goals.

It can be difficult to get an "apples to apples" comparison since lenders' terms and conditions vary widely.

However, Thrivent will gladly work with your institution to help evaluate your choices. Our goal is to help you and your congregation find the product that best suits your needs. Ask the following questions of potential lenders:

  • What is the term of the loan (the date the loan matures, not the length of the amortization)? Few lenders offer a term longer than three to five years and may charge additional fees to renew the loan.
  • How long is the initial interest rate fixed? What are the terms of the rate reset?
  • What are the initial fees? Are there additional fees during the life of the loan if changes are made?
  • Are there covenants to comply with through the life of the loan?
  • Are there prepayment penalties?
  • Are there late payment charges?
  • Will there be a "balloon" payment?
  • There may be other things unique to your situation. Contact us at 800-984-9425 to discuss these at any time.
Can we pay off or pay down the church loan early without a penalty?
The congregation may make payments in addition to the required monthly payments, without penalty, provided the funds did not originate from another lender. Prepayments will be applied immediately to the balance of the loan.
How do I make a church loan payment?
Church loan payments can be made one of two ways:

1. Checks can be mailed to:

Thrivent, PO Box 8065, Appleton, WI 54912-8065. Please be sure to include your loan number on the memo line of the check.

If at any time you wish to send additional funds toward your church loan principal, please print out a principal-only coupon (PDF) and indicate the church name, address, loan number and dollar amount on the coupon in the spaces provided. Please be sure to add your loan number and instructions in the memo field on the check as well (example: 200012340 Principal Only).

2. We can simplify your payment process by automatically drawing funds (ACH form PDF) from your specified church account each month.
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Get support
Still have a question about a church or institutional loan?
Our Church Loan representatives are happy to help with any questions related to financing for your church or institution.

To reach a representative, call 800-984-9425, Monday to Friday, 8 a.m. to 5 p.m., Central time or email churchloan@thrivent.com.
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