Church Mortgage Application Process
The BC Conference exists to facilitate and equip Christ centred churches and conference ministries for effective Spirit empowered ministry and mission. Our goal is to support our churches and conference ministries to proclaim the Gospel of Jesus Christ in their context and community.
Integral to this growth is having the proper facilities to gather as believers where the body of Christ can worship God, serve and minister to each other, and be a blessing to its community. As such, from time to time, churches or Conference ministries may need to acquire property or facilities, or address their facilities due to expansion or age of the building(s). CCMBC is available to guide the applying church or conference ministries through the process to ensure that the loan request facilitates growth rather than hindrance. Click here for the mortgage application process.
Reasons to Apply for a Mortgage
The following criteria(s) will be considered when a church or camp is applying for a mortgage or loan:
- Real Estate:
Acquire new or additional land. - Expansion of Facilities:
A church may need to expand its facilities due to an increase in ministry participation and activities. This may also apply to purchase of a second (off-site) location which will serve as a satellite or campus of the principle Church. - Relocation of Facilities:
From time to time, a church may find itself in a situation where it needs to relocate due to lack of space to expand its facilities, or it may be that the building is too old for repairs and rather than rebuild from new, a new facility is available that will serve its needs. - Major Renovation:
If a church has experienced growth and needs to upgrade its facilities to accommodate its ministries or weekly activities. - Major Repairs:
Either unexpectedly or due to slow deterioration of structure, the church may find it needs to undergo major repairs such as roofing, structural integrity issues, mechanical issues, etc.
Additional Considerations
In addition to the above mentioned criteria, the following considerations will also be used in determining the ability of the church to carry the additional financial burden:
- Percentage of budget allocated to Staff and Ministry expenses.
- Percentage of budget allocated to total debt servicing.
- The church’s support of the Conference in the last 3 years, i.e., 5% of of total annual budget.
