Below are ADF's standard loan terms. For current interest rates, please call us toll free at 1-888-878-3060.
Term/Maturity: Loans carry a 20-year amortization and maturity (no balloon payment).
Interest Rate: The rate is annually adjustable, being based on our internal cost of funds rather than a national index such as the "Prime Lending Rate." We also offer 3- and 5-year fixed rate options. After a fixed rate period ends, the interest rate is subject to annual adjustment.
- Self-Funding Rate Discount: Your ministry can receive a discounted loan rate through ADF's self-funding program, which is explained here.
Collateral: Loans are secured by a first lien on the subject property and/or other collateral.
Prepayment Penalty: ADF does not charge a prepayment penalty for paying off a loan early, except when refinancing away from ADF within the first five years of the loan.
In addition to our standard loan product described above, ADF offers a couple products with unique loan terms, which may provide a better fit for some borrowers. Descriptions of these products can be accessed below: