Diocesan Missionary Society
The Diocesan Missionary Society (DMS) was established to purchase and receive real estate, to hold and manage property and to develop various programs of support for the extension of the missionary work of the Diocese of Virginia.
DMS has funds available for both short and long-term loans. Long-term loan rates start at 3.75% for a first deed of trust, 4.5% for a second deed of trust, for loans over $100,000, with a 25 year amortization and a 5 year balloon payment. Other terms are negotiable.
Short-term loans, 24 to 60 months, are also available for amounts up to $100,000. Rates on these loans are generally based on the Prime Rate, plus 2%. Contact us for additional information.
In addition, there are investing opportunities where congregations can place deposits in support of DMS' work for 5 years. For additional information including rates, please contact
Stas Jones, Assistant Secretary/Business Administrator.
Joe Paxton is President of DMS.