Christian faith based mortgages

Updated: Jul 30

When the time comes to purchase a new home or refinance an existing one, consumers want someone who puts their needs first, rather than focusing on any commission that may be made on the mortgage loan. Uncovering this type of individual isn’t always easy, as those in the mortgage industry are geared to making a sale. They understand what to say to convince a borrower to work with them. For this reason, many potential home buyers or those looking to refinance a loan turn to a Christian lender, one that shares their values and puts their needs first.

The Christian faith based mortgage creates dual relationship with the christian fellow and have the mutual agreement to help in distress and some of the common features found are as follows.

  1. Enrolment of membership benefits.

  2. Helping christian fellows with the bad credits.

  3. Compliance to the country's government laws.

  4. Become part of respective firm christian community.

  5. No harsh mortgage conditions, but legal mutual agreement.

  6. Profit sharing


Conditions are important in the concept of faith based mortgage which will classify the Mortgage to be faith based or not. In the conventional bank, if foreclosure happens then house is taken away by bank, and the payment you paid is gone. Since, Mutual mortgage is very customized, it is important to ask following questions

  1. ​What are the mortgage conditions? Would be same as a conventional mortgage?

  2. What is the policy of Mutual mortgage for foreclosure in an unfortunate events.


  1. If person loses his or her job and there is no way to pay the mortgage then ask Mortgage provider to address following questions,

  2. If I loses job and want to get rid of House and mortgage, What is the policy?

Christian faith based mortgage


It matters to know about what the net amount will be coming out from pocket. If the total mortgage amount is $610K then the interest I would be paying $400K approximately with the conventional bank then

  1. How much total mortgage amount including fees and interests?

  2. What will be the interest rate?


The most conventional bank has the allowance for making accelerated bi-weekly and additional yearly payments which can save 5-55% interest. So for the mortgage amount of 610K, the potential interest savings is $280K approximately at 3.69% interest rate. About this,

  1. What is the policy for making accelerating and additional payment together?

  2. If there is rental monthly payment as a part of mortgage agreement then what is the policy for making accelerating and additional payment on the top of rental payment?

  3. How much minimum down payment or deposit is required?

  4. How much maximum of additional payment allowed per year?


The Faith based mortgage concept is new, and recently, there are many institutions came into the market. Ask following questions

  1. How long have you been established?

  2. How many mortgage owners as of today do you have with mortgage plan?

  3. Can I get references from your customers?


Bottom lines are for the person who is making decision should consider few precautionary measures. If I am buying something then it is my due diligence that I make the informed and subjective decision based. Review personal necessity vs nice to have it, Reviewing market conditions, Reviewing personal job situation and household income, Reviewing household people and buy what is really need. If my family can stay in small property then I do not need to buy big one, Review and assess, renting vs owning and many more things.


  1. When faith and finances collide - Judaism, Christianity and Islam

  2. Christian lenders

  3. Christian credit union

  4. Thrivent Financial

  5. FaithLife Financial

  6. Mennonite Trust Ltd

  7. United faith mortgage

  8. CSS Services

Disclaimer: This information intended for reference only. Please contact respective mortgage operator for more detailed information.

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