Development Fund Loans
The AWF Development Fund provides loan opportunities to United Methodist churches with attractive rates and helps churches walk through the application process and answer committee questions. The Fund makes low-interest loans for up to $1 million* to churches and agencies in the AWF Conference for new church construction, purchasing property, and large renovation projects. These loans have competitive interest rates, loan terms up to 15 years, do not charge points or closing costs, and interest earned from loans goes back to AWF Conference members and investors. Learn more.
*For loans larger than $1 million, contact us! The Foundation has the ability to negotiate with other Foundations for larger loans.
Development Fund Investing
The Development Fund accepts investments from United Methodist and historically Wesleyan individuals, churches, and organizations across the AWF Conference. The Fund pays investors a rate of interest set each quarter and makes loans to churches, agencies, and missions in the conference. Interest is paid quarterly and is earned from the day of the deposit to the day of the withdrawal. You may withdraw all or part of your investment with a written/signed request at any time. There is no penalty, fee, or loss of interest when withdrawing funds. Interest can also be reinvested each year.
*Investments are not FDIC insured. Investments are secured by the assets of the Fund and the first mortgages of the churches. No investor in the Fund has ever lost any part of their investment or interest earned.
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