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, age, 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
  • Ability to Obtain a Qualified Co-Signer*
  • Applicants' and Co-signer's Credit is without Serious Delinquencies
                             *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 the Home Study
  •      Accepted a Child's Referral
  •      Identified a Co-Signer
Loan Forms - Click Here



Our Process

  • Our process is ongoing and applications are accepted at any time during the year.  There are no application deadlines to be met.    ​
  • 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.           
  • 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 the adoption process is significantly delayed, updated forms and updated information will be requested when the application is processed.
  • All loan applicants will be notified whether approved or denied, and if approved, loan funding will be disbursed once a confirmed travel date has been received. ​​
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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.  For example if you are approved for both a grant and loan, the total grant award and total loan funding combined 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.



Additional  Information

  • Our interest rate for loans is 3%.  This is a fixed rate for all approved loans.
  • New applications can not be accepted after the child has successfully been brought home to the United States.
  • The co-signer's signature needs to be on the same promissory note as the applicant's signature.  Co-signers can mail their supporting documents to the Foundation separately if they choose.
  • 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. 
  • All decisions are final and we do not allow re-application of denied applications.  However, we will accept applications for all subsequent adoptions.  ​
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Sample Loan Repayment Chart for Comparison Purposes
$10,000 Loan for 5 Years

Funding Source
Interest Rate
Principle Paid
Interest Paid
Monthly Payment
Total Loan Interest
A Child Waits
3%
$154.69
$25.00
$179.69
$781
Home Equity
5%
$147.04
$41.67
$188.71
$1323
Low Rate Credit Card
7%
$139.68
$58.33
$198.01
$1881
Personal Loan
10%
$129.14
$83.33
$212.47
$2748
This chart is for the purpose of interest rate and monthly payment comparison.   It does not represent actual numbers from other lenders.


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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