Income-to-Loan Ratio
This ratio compares your anticipated loan amount to your annual income. The first figure uses your Total Annual Income; lenders who are more conservative will use only your Annual Undesignated Income.
A lower number means the loan is small relative to what your church brings in each year.
2.10
2.10
Per Giving Unit
These figures spread the numbers across your giving units. Income per giving unit shows the giving strength behind the request — lenders prefer to see $1,200 or higher.
The anticipated loan payment per giving unit should generally not exceed 30% of annual income per giving unit.
$4,545
$773
17.0%
Loan Payment as a % of Income
This shows your annualized loan payment as a percentage of your annual income. The first figure uses your Total Annual Income; the conservative figure uses only your Annual Undesignated Income.
It answers a simple question: how much of each year's giving would go toward the new loan?
17.0%
20.0%
Debt Service Coverage Ratio
Commonly called the Debt Service Coverage Ratio, lenders use this to evaluate your capacity to service the debt obligation for the anticipated loan amount. It divides your net operating income by the new annual loan payment.
The two figures below it represent the expected change from your current annual lease or mortgage to the payment associated with your anticipated loan.