Purchasing a home is one of the biggest decisions to make in life. If you’re a Rostered Church Worker (RCW) of The Lutheran Church—Missouri Synod, use these helpful tips as you prepare to purchase or refinance your home. The Lutheran Church Extension Fund (LCEF) team is here to walk you through the process.


LEARN   Visit our special page for Rostered Church Worker Residential Loans at lcef.org/HomeLoans to learn about our mortgage program.

PRICE   How much can you afford? Use a mortgage calculator to help determine your price range. Then, get pre-approval before you start looking at homes. This will also help when submitting an offer!

SAVE   Determine how much you need for the down payment and closing and start saving.

DEBT AND PURCHASES   Don’t purchase any big items with credit or open new lines of credit (loans, vehicles, boats, furniture) leading up to your home purchase.

DEPOSITS   Large deposits will require a signed explanation and documentation verifying the source of the funds.

ORGANIZE   Take time to organize call papers, your spouse’s pay stubs, two years of W2s and other important documents, so you’re ready for the application process.

HISTORY   Self-employment Income requires a two-year history as evidenced by two years of tax returns.

TOOLKIT   Read and work through the home loan toolkit on our website: lcef.org/HLToolkit.

CONNECT   Reach out to the LCEF mortgage team by calling 800-843-5233 to ask questions, talk through your needs and start the process.

Have questions about financing your church or school’s project? Connect with Mike!
Mike Wadley mike.wadly@lcef.org 314-885-6489