Contact your bank for information on adoption loan programs available for prospective adoptive families. Most families consider taking an equity loan on their home to fund all of the adopt adoption expenses as the interest is tax deductible and then they repay a large portion with the federal adoption tax credit. Bank Loans: You can try to contact Nations Bank at (800) 448-7061, MBNA (800) 314-5437, First Union Bank in Washington D.C. or any other bank for information if a loan program is available for prospective adoptive families. The National Adoption Foundation: The National Adoption Foundation has an unsecured low-interest loan program that gives families, whether renters or homeowners, an additional source of needed funds without pledging their homes or other forms of collateral. Apply online or download application from the NAF site or call 1-866-219-5657. America's Christian Credit Union: ACCU provides financial solutions to individuals and ministries that empower them to reach their financial goals while expanding God's Kingdom. The ABBA Fund: The ABBA Fund provides financial assistance to Christian couples who need help with the "cash flow crunch" posed by adoption expenses. Adopting couples may request financial assistance in any amount, based upon their needs. The couple will enter into a covenant agreement with The ABBA Fund whereby the couple agrees to reimburse The ABBA Fund in manageable monthly payments. Financial assistance provided by The ABBA Fund is interest free. Couples seeking assistance must complete an application, and assistance will be provided by The ABBA Fund in stages as the adoption process moves along.
A Child Waits Foundation: A Child Waits Foundation provides low interest loans for families who do not have any other option than to request a loan in order to proceed with international adoption. Hebrew Free Loan Association: Hebrew Free Loan Association offers adoption loans (interest free) to Jewish families who demonstrate financial need and strong desire to adopt a child. Funds 4 Families: Please call (800) 451-3372 to find out more about home loans such as home equity plans, debt consolidation plans and refinancing plans. Also you can consult your bank or other current mortgage lender and a tax person regarding some tax benefits of the possible loans.