Adoption Loans
Low-interest rate loans are available through a number of organizations including banks, adoption agencies, non-profits and foundations. Many families use their adoption tax credit to pay back the loan.
A Child Waits Foundation:
www.achildwaits.org
Provides low interest loans for families who have exhausted other financial options and could not proceed with their adoption without additional help.
Will loan $10,000 or up to 50% of the cost of the adoption, whichever is less, with a repayment term of no more than five years.
Funds will be dispersed just prior to finalization of the international adoption.
Eligibility is based upon both financial need and credit history.
Jewish Free Loan Association:
www.jfla.org
Provides interest-free loans to people of all faiths.
Borrowers must be permanent residents of Los Angeles or Ventura Counties. Members of the Jewish community in Southern California may also apply for a loan.
Borrowers must have a current California ID or driver’s license, have legal residency status (no VISAs) and are required to live at least 6 months in the area to qualify as a permanent resident. *There are some exceptions to this rule.*
Oxford Adoption Foundation:
www.oxfordadoption.com
Oxford offers no interest or low interest loans for international adoptions, based upon financial need.
A home study is required.
Oxford will lend up to $5,000 per adopted child. Adoptive parents should try to obtain funds from all other sources before contacting Oxford, as they lend only the final amount of money necessary to complete the adoption where all other financial resources have been exhausted.
The loan is not funded until after the adoption is finalized by the authorities in the country.
Pathways for Little Feet:
www.pathwaysforlittlefeet.org
Interest-free loans.
No religious requirements.
The Abba Fund:
www.abbafund.org
Offers interest-free loans, no income requirement.
Completed home study required.
Applicants must be a married, Christian couple.