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Adoption loans and grants can help you meet the cost of adopting a child. Find out more about lenders and other organizations that offer them. (iStock)

The decision to grow your family through adoption is exciting, but it can also be expensive. Adoption-related costs vary widely depending on whether you are adopting a foster child, going through a private agency, or adopting internationally.

Adopting a child from a foster family is associated with very low costs, as federal and state adoption programs help offset the costs. but private adoption can cost anywhere from $ 20,000 to $ 45,000, and international adoption costs an average of $ 20,000 to $ 50,000, according to Child Welfare Information Gateway.

Fortunately, adoption loans can help you finance these costs. Here’s what you need to know about adoption loans.

Look at Credible. at Compare personal loan rates and find the right one for you.

Can I take out a loan to fund an adoption?

In short, yes. Many parents-to-be take advantage of adoption loans to pay for the cost of adoption. In fact, adoption loans come in several forms. Some lenders offer loans specifically for adoption. Or you may be able to use a personal loan to finance your adoption costs.

Lenders That Offer Adoption Loans

The following 13 credible affiliate lenders offer personal loans that can be used for adoption costs.


  • Loan Amounts: $ 2,000 to $ 35,000
  • Credit terms: 2 to 5 years
  • Best for: Borrower without good credit


  • Loan Amounts: $ 5,000 to $ 35,000
  • Credit terms: 1 to 5 years
  • Best for: Borrowers with good to excellent credit ratings

Best egg

  • Loan Amounts: $ 2,000 to $ 50,000
  • Credit terms: 2 to 5 years
  • Best for: Lower income borrowers with fair credit


  • Loan Amounts: $ 2,500 to $ 35,000
  • Credit terms: 3 to 7 years
  • Best for: Borrowers who want quick funding


  • Loan Amounts: $ 10,000 to $ 35,000
  • Credit terms: 2 to 5 years
  • Best for: Borrowers who want to choose their own payment date

Lending Club

  • Loan Amounts: $ 1,000 to $ 40,000
  • Credit terms: 3 or 5 years
  • Best for: Borrowers with strong credit ratings and low debt to income ratios


  • Loan Amounts: $ 2,000 to $ 36,500
  • Credit terms: 2 to 4 years
  • Best for: Borrowers with a fair credit rating


  • Loan Amounts: $ 5,000 to $ 100,000
  • Credit terms: 2 to 7 years
  • Best for: Borrowers who want longer terms


  • Loan Amounts: $ 3,500- $ 40,000
  • Credit terms: 3 to 6 years
  • Best for: Borrowers who want tailored monthly payments


  • Loan Amounts: $ 2,000 to $ 40,000
  • Credit terms: 3 or 5 years
  • Best for: Borrowers who want to pay off their loan early


  • Loan Amounts: $ 5,000 to $ 100,000
  • Credit terms: 2 to 7 years
  • Best for: Borrowers with excellent credit ratings


  • Loan Amounts: $ 1,000 to $ 50,000
  • Credit terms: 2 to 7 years
  • Best for: Borrowers building credit


  • Loan Amounts: $ 1,000 to $ 50,000
  • Credit terms: 3 to 5 years
  • Best for: Borrowers who do not have strong creditworthiness but who have excellent education or work history

Interest-free adoption loans

Some nonprofit and religious organizations offer interest-free adoption loans to adoptive families who meet their criteria. Here are some options to consider:

  • ABBA fund The ABBA fund offers loans that are designed to cover up to a third of the total cost of an adoption, usually in the range of $ 6,000 to $ 8,000. It takes six to eight weeks to apply for an interest-free adoption loan.
  • Hebrew free loan Hebrew Free Loan is a nonprofit that provides interest-free loans of up to $ 20,000 to help Jewish individuals and couples in Northern California meet adoption costs. To qualify, you must be a Northern California Jewish resident or work for a Northern California Jewish organization.
  • Life song for orphans Lifesong for Orphans makes interest-free loans only to traditional Christian two-parent families who are US citizens. The application review takes four to six weeks.
  • Paths for little feet Pathways for Little Feet offers interest-free loans of up to $ 8,000. Priority is given to families with the greatest financial need. Applicants must work with a licensed adoption agency.

If you don’t qualify for any of these adoption loans, you can compare Personal loan rates for adoption costs with Credible.

What is the Difference Between Adoption Loans and Grants?

Both adoption loans and adoption grants provide adoptive parents to cover the cost of adoption, but there is one key difference: adoption loans are repayable, while adoption grants are gifts that do not need to be repaid.

Since they do not have to be repaid, there can be fierce competition for adoption grants. It is a good idea to apply for a variety of adoption grants to improve your chances of getting financial assistance.

Here are a few adoption grants to consider:

  • Adoption Gift Fund The Gift of Adoption Fund offers grants of up to $ 15,000 to help individuals complete a relative, domestic, or international adoption. Scholarships are awarded regardless of race, religion, age, marital status or sexual orientation. Applicants must include two letters of reference and an application fee of $ 50 with their complete application.
  • offers adoption grants between $ 500 and $ 15,000 for couples and individuals regardless of race, religion, gender, ethnicity, marital status, or sexual orientation. At least one applicant must be a US citizen and applicants must use a licensed adoption agency in the US. The organization prioritizes applicants without children or with failed or interrupted adoption placements.

What are the alternatives to the adoption loan?

Adoption loans and grants are not the only ways to fund your adoption costs. Here are some alternatives to consider:

  • Cash-out refinancing – With a cash-out refinancing, refinance your existing mortgage with a larger loan and receive the difference between the two loans in cash. Generally, you need a minimum credit score of 620 and a maximum combined loan-to-value ratio of 80% to qualify for a cash out refinance. This means that after your cash-out refinancing, you will still have at least 20% equity in your home.
  • Personal Loans – A personal line of credit is similar to a credit card – it is a revolving loan that you can draw on continuously up to your credit limit. When you settle your balance, your available balance will be replenished. Interest rates on personal credit lines May be lower than credit card interest rates, but are generally higher than home equity loan options because private lines of credit are typically unsecured.
  • Home Loans – A home equity loan is also known as a second mortgage. You keep your existing mortgage but borrow against the equity of your home in a one-time event. Home loans usually have fixed interest ratesthat is, if interest rates go up, your monthly payment will not be affected.
  • Borrow money from friends or family – Friends and family may be willing and able to help you fund adoption costs. If you go down this route, make sure you have a written loan agreement and you are paying what the IRS considers a “fair” interest rate. Otherwise, both you and your friend or family member could face income tax consequences. As long as your family member is at least the applicable federal tariff are in place at the time of signing the loan agreement, you don’t have to worry about tricky tax regulations.
  • Crowdfunding – Crowdfunding allows you to raise funds for your adoption trip from friends, family members, and even strangers. You simply create a profile on a crowdfunding platform, share your story and a link to contribute via email and social media, and people can donate to help meet your adoption costs. Some popular crowdfunding sites are GoFundMe and

If an adoption cost personal loan is right for you, visit Credible To Compare personal loan rates in minutes.

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Richard Dement

The author Richard Dement