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Fifth Third to provide adoption loans

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Staff Report 11:45 AM Thursday, February 9, 2012

COLUMBUS – The Ohio Department of Job and Family Services (ODJFS), in conjunction with Fifth Third Bank, has launched a new program that will provide loans of up to $3,000 to help defray the initial costs of adopting a child.

Fifth Third Bank will manage the loan program, including receiving, reviewing and approving adoption loans. Prospective adoptive parents are eligible for loans of up to $3,000 for adopting a child living within the state and up to $2,000 for adopting a child living outside the state if the adoption is finalized in Ohio. Loans are subject to credit review and approval.

Loan applicants may apply at any Fifth Third Bank branch and must present written proof of program eligibility from an adoption agency confirming they have been matched with an identified child.

Prospective adoptive parents interested in the Ohio Adoption Loan Program should contact their county public children services agency, private child placing agency or private noncustodial agency for more information. A list of county agencies is available at http://jfs.ohio.gov/County/County_Directory.pdf.

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