This loan program is designed to include the purchase of new, undeveloped parcels of land or a property with existing improvements, capable of being used as a place of worship.
This program requires the submission of a qualified appraisal, earlier in the evaluation and qualifying stages than other programs.
OCCIF can lend up to 70% of the total cost of undeveloped property or 80% of a property with existing structures, not requiring remodeling or alterations to occupy.
OCCIF can lend up to 80% of the total appraised value of most projects.