A Child Waits Foundation

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International Adoption Loan Program

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A Child Waits Foundation's Adoption Loan Program is designed to help families that require additional funding to complete their adoption.  As stated in our purpose, our goal is to provide financial assistance to families to help bring their children home.  We do not believe a child should have to remain in an orphanage if there is a family who would welcome that  child into their home but can't  proceed with the adoption due to a lack of funding.  
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Eligibility Criteria

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We accept applications from anyone adopting internationally, regardless of 
race, ethnicity, religion, gender, marital status, sexual orientation or disability. 

  • United States Citizen
  • Adopting Internationally
  • Yearly Household Income Below $150,000
  • Financial Ability to Make Loan Payments
  • Credit without Serious Delinquencies
  • Ability to Obtain a Qualified Co-Signer*
                             *A qualified co-signer is a person willing to accept the financial responsibility of the loan in
                               the event the borrowers  are unable to make payments.  This person needs to demonstrate
                               a source of income and have a good credit rating.


When to Apply

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   After you have:
  •      Chosen an Adoption Agency
  •      Completed a Home Study
  •      Accepted a Child's Referral
  •      Identified a Co-Signer


Our Process

  • A Child Waits Foundation prefers to receive loan applications approximately 4 months prior to when your family makes their final adoption trip.   
  • The loan request should include the 5 page application, the 2 legal documents, the 8 supporting documents, the co-signer's consent form and 1040,  and the $20.00 application fee.   Be sure that the co-signer's signature is on the same promissory note as the applicant's signature.  Co-signer's can mail their supporting documents to the Foundation separately if they choose.  Please request that your social worker and placing agency complete and send us the required recommendation forms. 
  • Once the application is complete, it will be reviewed before submission to our Board.  During this preliminary review, you may be contacted for additional information.
  • If approved, loan funds will be disbursed once a confirmed travel date has been received. Even though we process the application close to travel we always review and disburse funds prior to travel.
  • Our process is ongoing and applications are accepted at any time during the year.  There are no application deadlines to be met.                                                                      
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 Under special circumstances, A Child Waits  can expedite the loan review process. This often occurs when a travel date is received sooner than anticipated or when a medically expedient adoption is approved by the country.
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Additional  Information

  • Our interest rate for loans is 3%.  This is a fixed rate for all approved loans.
  • If the application is received too far in advance of travel, updated forms and updated information will be requested when the application is processed. 
  • Applications can not be accepted after the child has successfully been brought home to the United States.
  • ​If adopting from a country, like Ukraine, which has a blind referral system, you can submit the full application, without the child information.  Once you have made your first trip and have the child's referral, you will need to send the information to the Foundation before your application can be processed. 

Sample Loan Repayment Chart for Comparison Purposes
$10,000 Loan for 60 Months

Interest Rate

    3%
   5%
    7%
  10%
  12%
  
  

Principle Paid

$154.69
$147.04
​$139.68
$129.14
$122.44
Interest Paid
$25.00
$41.67
$58.33
$83.33
$100.00
Monthly Payment
$179.69
$188.71
$198.01
$212.47
$222.44
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                           The first line represents the monthly payments for a 3% loan for five years with our Foundation.  The rest of the chart is for interest rate and
                         monthly payment comparison.   The total interest paid to the Foundation on a 5 year loan is $781.40, provided all payments are made on time.
                                                                  The amount of interest naturally decreases each month as the loan amount is paid down.




Selection of Applicants

    Is based on a combination of the following factors:

  • Applicants' and Co-signer's Credit Reports
  • Cost of the Adoption
  • The Families' Financial Situation Including Ability to Make Monthly Loan Payments
  • The Availability of Funds at A Child Waits Foundation

Funding

If approved, loan funds will be disbursed for qualified adoption expenses, including in-country and travel costs.  The funds will be sent to the family at the end of the adoption process just before the family is due to travel to pick up their child.  In special circumstances it may be possible to receive the loan funds sooner in the process.

The loan amount is based on a number of factors, but the total help received by A Child Waits Foundation will not exceed $10,000.

Requests for financial assistance may outweigh resources, and we regret that A Child Waits Foundation may not be able to provide adoption aid to every qualified family.


After You Are Home 

A Child Waits Foundation requests a brief summary of your adoption and pictures after your child is home. If the family gives written consent, A Child Waits Foundation may use your pictures and adoption summary on our web site.  These pictures and stories help us to know your family better and help prospective families through the stressful period of adoption.  


Notification

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Once a decision is made regarding your application, you will be notified by mail or by phone.  All decisions are final and we do not allow re-application of denied applications. 
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