• Loans are available to Nazarene churches located in the United States
• Title property on which loans are to be granted must be vested in fee simple absolute, in a corporation or board of trustee in accordance with the Manual of the Church of the Nazarene and the laws in the state wherein the property is situated.
• A Lender's title insurance policy is required.
• Buildings on which loans are made shall be kept insured in a reliable insurance company.
• No additional loan shall be made on a district in which there is a delinquent loan equaling three monthly payments.
• No additional loan shall be made on a district where required legal instruments for loans in force, such as insurance policies, mortgages, notes, district guarantees, etc. were not provided, due to failure or negligence on the part of the borrower.
• Churches receiving loans will pay all expenses incurred in the transaction, including the preparation of the necessary legal papers.