Clergy Financial Mortgage
Clergy Financial Mortgage is the only hybrid finance organization serving the clergy and churches in Minnesota. Whether you're buying your first house, trading up or refinancing your current mortgage, you can choose from a variety of financing alternatives.
We will assist you in obtaining the necessary information and details to process your mortgage loan, while utilizing the tax laws designed for clergy. For you, that means eliminating worries about finding financing and having a better idea of how much home you can afford.
Simple call 763-425-8778 to receive the assistance of professional mortgage counselors and accountants serving the clergy and churches. They'll provide you with details on various mortgage options and tax deductions available to the clergy and help ensure you have the information you need to make an informed decision. There's no pressure, no hassle.
Clergy Financial Mortgage will structure your closing costs, down payment, and appurtenances under housing allowance (section IRC 107), which is not subject to federal taxes. Our closing costs will also qualify as deductible points, providing an additional tax deduction in the year paid. Mortgage approval is based on your income vs debt ratio.
Once you know you are in the market for a new home, our FREE 48 hour pre-approval program will give you a fast start. We'll take a detailed look at your financial situation and credit history to determine the maximum amount you can afford to borrow. Being pre-approved gives you the ability to close quickly on a home when it comes along. Pre-approval from Clergy Financial Mortgage puts you in a better negotiating position with the seller, because they know you are a serious buyer.
Our mortgage lenders rank among the most socially responsible companies in the nation, according to Business Ethics magazine. "We're committed to maintaining the highest standard of ethics and professionalism with our customers and communities."
As with any great team, the mission of Clergy Financial Resources, Clergy Tax Net, Clergy Financial Management, and Clergy Financial Mortgage has been and will continue to be dedicated to meeting the unique tax and finance needs of today's religious professional.
No matter where you reside, we are available to serve you.
Should you have any additional questions, please feel free to contact us.
We look forward to working with you in the future.