How To Fund Your Everlasting Adoption
Do you have good credit? If so, you might be eligible for a low-interest loan from our financing partner, LightStream.
Bringing a newborn baby into your family is a life-defining decision. It requires careful planning and preparation. Everlasting Adoptions tries to anticipate all of your needs, starting with helping you find the best financing solution for your adoption process. We give personal, supportive and responsive service in all possible ways.
We’ve chosen LightStream, a division of SunTrust Bank, and the nation’s premier, online consumer lender, as our financing partner. When you have good credit, it’s a fast and refreshingly simple process to get a LightStream loan for your adoption.
With LightStream, you can expect more than just a competitive interest rate. The LightStream loan includes these features:
- FAST Approval of Loan
- Flexible loan terms*
- Loan amounts from $5,000 to $100,000
- No fees
- A quick response during business hours
- Funds deposited directly to your account
- Joint applications accepted
- Available in all 50 states
"Wonderful! Thank you and we have already referred you to friends. Very happy with your service."
— C. P. & N. P. from Webster, MA
*All loans are subject to credit approval by LightStream. If approved, your APR will be based on loan purpose, amount, term and your credit profile. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
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LightStream and SunTrust are federally registered service marks of SunTrust Banks, Inc.
All other trademarks are the property of their respective owners. Lending services provided by SunTrust Bank, member FDIC.
Below is a list of general information to assist in financing an adoption. The list is not exclusive, but is a good starting point on your search. Please feel free to call us at 866-406-2702 to discuss financing options.
Adoption Tax Credits
The federal government (Internal Revenue Service) offers a tax credit to families to help offset adoption expenses. This adoption tax credit is applicable to both successful and failed domestic and successful international adoptions and is taken in the year the adoption is finalized.** Please remember to contact your tax specialist to see if you qualify for the Adoption Tax Credit. Here are links to valuable IRS Adoption Tax Credit Information: http://www.irs.gov/taxtopics/tc607.html, http://www.irs.gov/uac/Form-8839,-Qualified-Adoption-Expenses, http://www.irs.gov/instructions/i8839/index.html and https://www.irs.gov/uac/Top-Ten-Facts-about-the-Adoption-Tax-Credit
Employee Benefit Programs
Many private and governmental employers offer adoption assistance and benefits. These might include financial reimbursement, paid and unpaid leave and resource and referral services. Please inquire with your Human Resources or benefits department.
Family Medical Leave Act
After you adopt, what about job security while staying home with your new child? The Family Medical Leave Act may provide the benefits you need. The Family Medical Leave Act (FMLA) of 1993 is a federal law that requires employers of more than 50 workers to give full-time employees up to 12 weeks of unpaid leave for the birth or adoption of a child. One must have been employed for at least 12 months and worked at least 1250 hours during the previous 12 months. Your employer may have more generous benefits, but this offers minimum protection.
If you are an active-duty member of the Armed Forces of the United States, you may be eligible for a $2,000 per child military subsidy. Check with your base commander for more information.
Check with your local bank on the availability of unsecured adoption loans or how to qualify for a home equity line of credit. In addition, some employers allow loans against 401(k) plans.