While it's far from ideal to borrow money for adoption, adoptive families may find that taking out an adoption loan is necessary to cover the large and immediate expenses.

In some cases, adoptive families may be able to quickly pay back an adoption loan once they receive a tax credit or are reimbursed by an employer or the military. And in some instances, adoptive families may even be able to get an adoption grant to pursue their dreams of parenthood.

The decision to take out a loan for adoption can be difficult and has serious consequences for your entire family. It's important for adoptive parents to maintain financial stability for the good of the child.

Dipping into future retirement savings or running up credit card debt can add to your financial and family stress and may change your long-term planning and goals.

Home Equity Loan is One Way to Pay for an International Adoption

Become a Family Find a Family Adoption Information. My Account Contact Us. Adoption Loans and Grants. Adoptive families can get adoption loans and grants from: Home Equity Loans - Interest rates for home equity loans are often reasonable, and the interest is tax deductible.

Just remember, you're putting your home at risk. Insurance - You may be able to borrow from the cash value of your life insurance policy. Low-Interest Loans - Some banks offer low-interest loans or credit lines restocking fee best buy tv adoptive parents. Private Grant and Special Loan Programs - Adoption loans, both home equity and unsecured, may be obtained through the National Adoption Foundationwhich also awards grants to needy adoptive parents.

Other organizations have sprung up in recent years to provide adoption grants, but some have been proven illegitimate or have been unable to carry on during the recession.

Be sure to research these organizations. You can learn more at Resources4Adoption. Religious Organizations - Many home equity loan adoption and other religious organizations have made adoption part of their religious mission.

Home equity loan adoption out if your place of worship offers funds for families pursuing adoption. Relatives - While mixing family and finances can be tricky, your relatives are likely some of the people who understand best how much you want to become parents.

Credit Cards - Credit cards are an easy source of cash but typically have high interest rates.

Comparing the Costs of Domestic, International and Foster Care Adoption How Much Does It Cost To Adopt A Child? Helping You Adopt Within Your Budget Explaining Adoption Living Expenses Federal Family and Medical Leave Act.

What is Domestic Adoption? Federal Family and Medical Leave Act Helping You Adopt Within Your Budget Adoption Tax Credit Information Five Common Questions About Adoption Costs Adoption Loans and Grants Financial Protection for Adoption Disruptions more Infertility and the Grief and Loss Process more Comparing the Costs of Domestic, International and Foster Care Adoption.

Hope For Families provide information on loans for adoption

The amount of money you have budgeted for adoption could determine which method of adopting you choose to pursue: Each has their own unique adoption costs and benefits for adoptive families. Understanding the costs of each type of adoption and the services your money goes toward is essential to choosing the best method of adoption for your family. There are two main types of private adoption for families to pursue: Agency Adoption — An adoption agency completes the entire adoption process from beginning to end, including helping the family find the right adoption opportunity with a pregnant mother through advertising and networking.

Become A Family View Adoptive Family Profiles Domestic Adoption Situations Adoption Information by State About Us HomeStudy. Adopting A Baby Our Adoption Programs Adoption Information Open Adoption The Adoption Process Transracial Adoption Adoption Adoption Costs.