Frequently Asked Questions

Q? Are there any additional costs incurred in obtaining a LACE loan?


Like any mortgage loan there will be costs for Title Insurance, Mortgage recording and general closing costs. These will vary on each loan depending on the size. LACE works with a Title company who will handle all the paper work and then pass the costs on to the congregation. These costs may be paid up front or paid from the loan proceeds.

Q? Do you have materials explaining the LACE loan program?



We have a growing resource in our PUBLICITY section. Also, feel free to call the LACE office to answer any additional questions you might have.

Q? Why is the LACE loan program beneficial to a congregation obtaining a LACE Secured loan?


LACE will collect the money for the certificates, issue the certificates, issue the interest annually and provide privacy for the investor. The investor name and amount invested will not be shared with the congregation. The congregation does not have to deal with any of the paper work involved with the certificates and will just know the total amount of funds invested.

Q? How do I go about investing in a LACE Certificate?


An Annual Offering Circular provides the background information and includes an application. This can be found under the INVESTMENTS section of this Web site or by calling the LACE office for a copy.

The purchase of LACE certificates is subject to risks, which are described in LACE's Offering Circular. This is not an offer to sell or request to buy LACE certificates. The offering is only made through the Offering Circular. LACE will not sell securities in any state where the sale is not authorized.

Not FDIC or SIPC insured - Not a bank deposit - No WELS or ELS guarantee

Q? Can any WELS/ELS congregation qualify for a LACE loan?


LACE requires an application be completed before the Board of Directors can review a loan. The facts and supporting documents in the application will determine if the church will be considered for a loan. LACE loans are for congregations that no longer receive any kind of subsidy from the Synod.

Sunday, November 28, 2021