Should your church choose AGFinancial?
We review every church lender on the same published criteria in our lender review methodology. Here's the short answer first.
AGFinancial is the Assemblies of God's financial services arm, lending mainly to AG churches and ministries.
AGFinancial has been lending to churches and ministries for more than seventy-five years, operating today under the AGFinancial brand it adopted in 1998. It is the financial services arm of the Assemblies of God, and its church loans are funded through the AG Loan Fund's investment certificates. AGFinancial reports a current lending portfolio of more than $1.6 billion, and says it has funded more than 450 loans in the past three years. Across all of its services, AGFinancial partners with more than 4,000 churches and ministries.
AGFinancial offers construction loans, permanent mortgages, refinances, credit lines, and Vision loans (bridge financing for capital campaigns), plus a First Perm Loan for church plants. Terms run as long as 25 years, with rate adjustments at one, three, five, or seven-year intervals. AGFinancial does not publish a rate sheet; rates are quoted by inquiry. Its July 2026 AG Loan Fund Offering Circular says borrowers will typically be required to meet certain financial ratios, including a loan-to-value ratio of 65%. It does not publish a debt service coverage minimum or a loan size range.
AGFinancial's lending centers on Assemblies of God churches and ministries. Underwriting runs roughly 30 to 45 days, plus another 30 to 45 days to fund, so 60 to 90 days end to end, which is longer than a thirty-day close on a property purchase allows.
Before you approach AGFinancial or any other lender, take the free ChurchLend readiness assessment. In about five minutes it shows how your church scores on the seven factors lenders weigh, and what to strengthen first.
Where AGFinancial wins, and where it doesn't
What works
Established lending portfolio
AGFinancial reports a current lending portfolio of more than $1.6 billion and says it has funded more than 450 loans in the past three years.
Focused on Assemblies of God churches
AGFinancial's lending centers on Assemblies of God churches and ministries. Its church loans are funded through the AG Loan Fund's investment certificates.
Long terms with set rate adjustments
Terms run up to 25 years, with rate adjustments every 1, 3, 5, or 7 years.
Full lending product range
Construction, permanent mortgages, refinances, credit lines, Vision (capital campaign bridge) loans, and a First Perm Loan for church plants.
What to weigh
Centered on the Assemblies of God
AGFinancial's lending centers on Assemblies of God churches and ministries.
60 to 90 days end to end
Plan on 30 to 45 days to underwrite and another 30 to 45 to fund, so 60 to 90 days total. A property purchase with a 30-day close would not fit that timeline.
65% typical loan-to-value
The July 2026 AG Loan Fund Offering Circular says borrowers will typically be required to meet certain financial ratios, including a loan-to-value ratio of 65%.
Rates are quote-only
AGFinancial doesn't publish a rate sheet, so a church starts an inquiry to learn its rate.
Is your church the right shape for AGFinancial?
Best for
- Assemblies of God affiliated churches and ministries
- Construction and major capital projects
- AG church plants (First Perm Loan)
Look elsewhere if
- Churches outside the AG (ask about eligibility first)
- Closes needed in under 60 days
- Borrowers needing more than a 65% loan-to-value
How AGFinancial stacks up
Compared against typical commercial-bank terms for church loans of similar size.
What AGFinancial actually lends on
Construction loans
Ground-up builds, additions, and renovations. Two-step structure: interest-only during construction, then converts to amortized.
Permanent (mortgage)
Acquire an existing church property or refinance into a long-term loan. Terms up to 25 years with rate adjustments at 1, 3, 5, or 7-year intervals.
Refinance
Refinance or restructure existing church debt into an AGFinancial loan.
Vision & credit lines
Pledge-secured bridge financing and revolving lines for capital campaigns. Useful when pledge timing lags construction draws or capital needs.
First Perm Loan
A permanent loan program for church plants.
The AGFinancial application timeline
- 1Week 1
Inquiry & pre-qual
Initial conversation about your project, congregation, and rough financials. AGFinancial confirms AG affiliation and basic eligibility.
- 2Weeks 2 to 3
Application
Full application: P&L, balance sheets, six months of bank statements, governance docs, board resolution.
- 3Weeks 3 to 6
Underwriting
Credit committee review, appraisal ordered, environmental reports if applicable, site visit for construction deals.
- 4Weeks 7 to 10
Term sheet & legal
Term sheet issued, attorneys engaged, title work, loan docs drafted. Most negotiation happens here.
- 5Weeks 10 to 13
Close & fund
Final approvals, closing meeting, wire instructions. Construction loans fund per draw schedule; mortgages fund at close.
What pastors ask us about AGFinancial
Do I have to be Assemblies of God to apply?
How long does AGFinancial take to close a loan?
What's the minimum loan size?
How much equity does AGFinancial expect?
Is AGFinancial a bank?
What rates can I expect?
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Score your readiness in 5 minutes, then go to AGFinancial prepared.