MIF | Current Loan and Investment Rates

Current Investment and Loan Rates

Investment Interest Rates
Effective August 1, 2008*

Investment

APR

APY**

MissionPlus (Checkbook availability)

Tier 1: $100 - $9,999

Tier 2: $10,000 - $24,999

Tier 3: $25,000 - $99,999

Tier 4: $100,000+

2.0%

2.5%

3.0%

3.5%

2.02%

2.53%

3.03%

3.56%

MissionFuture4Kidz

3.1%

3.14%

MissionFirst

- IRA/CESA — Adjustable rate

- Health Savings Account — Adjustable rate

Tier 1: $100 - $4,999

Tier 2: $5,000 - $9,999

Tier 3: $10,000 - $24,999

Tier 4: $25,000+

1.5%

2.0%

2.5%

3.0%

3.5%

1.51%

2.02%

2.53%

3.03%

3.56%

MissionTermSelect — Adjustable rate

1 year term

3 year term

5 year term

7 year term

2.2%

2.7%

3.1%

3.5%

2.22%

2.73%

3.14%

3.55%

MissionTermSelect — Fixed rate

1 year term

2 year term

4 year term

6 year term

3.0%

4.0%

4.6%

3.03%

4.06%

4.68%

MissionTermSelectGrand — Fixed rate

1 year term

2 year term

3 year term

3.3%

3.6%

4.0%

3.34%

3.65%

4.06%

*Interest rates are subject to change without notice. **APY = Annual Percentage Yield.

Loan Interest Rates
Effective August 1, 2008*

Loans for Established ELCA Congregations and Ministries

Interest Rate

MIF Long-term Loan

Adjustable Rate Terms
•	Maximum amortization schedule of 25 years; minimum loan amount is $100,000
•	Interest rates are reviewed after five years, at which time the interest rates may be adjusted to reflect general market conditions
•	Pay interest only for term of construction
•	Documentation fee: $750
Fixed Rate Terms
•	Maximum amortization schedule of up to 10 years
•	Pay interest only for term of construction
•	Documentation fee: $750.00

6.25%

6.625%

MIF Construction Loan

Terms
•	Terms of six to 12 months
•	No loan origination fee
•	Congregation must show a commitment from another long-term lender

7.375%

MIF Loans for Smaller Projects

Adjustable Rate Terms
•	Interest rates are reviewed after five years, at which time the interest rates may be adjusted to reflect general market conditions
•	Amounts of $20,000 to $100,000
•	Maximum amortization of 10 years
Fixed Rate Terms
•	Maximum amortization schedule of up to 10 years
•	Amounts of $20,000 to $100,000

7.375%

7.625%

MIF Loans for Second Sites

Terms
•	Available to congregations buying or constructing a building for a satellite congregation
•	Maximum amortization of 25 years
•	Maximum loan amount of $5 million

5.25%

MIF Loans for New Mission Congregations

Interest Rate

Initial Vacant Site Loan

Generally a maximum amortization schedule of no more than 15 years

Initial Building Program Loan

Maximum amortization schedule of no more than 15 years

• 0% first two years
• 2% next five years

• 3% for seven years

*Interest rates and terms are subject to change without notice.

MIF does not charge points, origination fees or pre-payment penalties.

Contact an MIF loan administrator at 877.886.3522 for complete terms and conditions.

Mission Investments are subject to certain risks. See "Risk Factors" following the introduction in the Offering Circular. Mission Investments are not bank accounts. As securities issued by a non-profit institution, the investments are not insured by the FDIC, SIPC or any other federal or state regulatory agency. The securities are sold only by means of the Offering Circular, which can be obtained from the Mission Investment Fund. This is neither an offer to sell nor a solicitation of an offer to buy the securities described here.