EXHIBIT 23.4


                                    CONSENT


     We hereby consent to the references to this firm and our opinions in the
Registration Statement on Form S-1 filed by LIFE Financial Corporation and LIFE
Financial Capital Trust and all amendments thereto.


                                         MULDOON, MURPHY & FAUCETTE

                                        /s/  MULDOON, MURPHY & FAUCETTE



Dated this 4th day of
December, 1997