Loan Checklist
The following items are required by BDM Mortgage Services in order to process a loan for a church:
1. Copy of the church’s Articles of Incorporation.
2. Copy of church’s By-laws.
3. Fire insurance information on the church’s property.
4. Photocopies of the church’s last 12 months bank statements.
5. A Letter of Resolution: A letter on church stationery authorizing BDM Mortgage Services to arrange the loan, stating the amount of the loan and who is authorized to sign loan documents on behalf of the church. This letter must be signed by a member of the church who is not signing the loan documents.
Click Here To View A Sample Letter of Resolution
6. The names and addresses of the Board of Directors / Trustees.
7. Information on any existing loan(s) on the church’s property. The name, address and phone number of the lender as well as the loan number and the outstanding principal balance.
If you are unsure about an item on this list, or would simply like further clarification of what is required in order to process your loan, please don’t hesitate to Contact Us at (800) 439-9551 with any questions you might have about the loan process.
Call us at (800) 439-9551 or complete the form below.
How To Apply For A Loan For Your Church with BDM Mortgage
Navigating financing for your California church can seem complicated, but BDM Mortgage Services sets out to make it easy and accessible for congregations of all sizes. When you approach BDM, we provide a simple checklist that’s designed to streamline your process for acquiring a loan for property improvements, expansions, or refinancing.
The requirements are straightforward. You only need to collect basic documents that your church already maintains, such as the Articles of Incorporation, By-laws, twelve months of bank statements, a copy of your fire insurance policy, and some key details about your board of directors. Even the Letter of Resolution—an official statement authorizing the loan and naming representatives—can be swiftly prepared on your church’s own stationery.
Unlike many traditional lenders, BDM doesn’t request exhaustive financial statements or personal guarantees from church members. There’s no need for credit checks, CPA-prepared paperwork, or resumes from your board. The emphasis is on the equity you already have in your property, not your personal finances. That means your congregation isn’t exposed to unnecessary risks or burdens.
The entire process is geared for speed and simplicity. Once you’ve submitted the checklist items, approvals can follow in weeks rather than months, and funds are dispersed quickly—allowing you to focus on growth and ministry rather than paperwork. You can use your loan for a range of vital projects: sanctuary expansion, repairs, renovations, additional buildings, or refinancing to eliminate costly balloon payments.
With BDM, you get the clarity and support you deserve. There’s no prepayment penalty, interest rates are fixed, and the terms are fully amortized to eliminate future surprises. By prioritizing nonprofit needs and reducing red tape, BDM makes it possible for you and your church leadership to obtain the financial resources necessary to fulfill your vision and serve your community more effectively.
