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Korean infant time and cost?


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  #1  
April 29th, 2008, 05:57 PM
BensMom's Avatar Ephesians 4:29
Join Date: Apr 2005
Location: The Lonestar State
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We're thinking about starting the process for a Korean infant. What's the time and cost we could expect? What are the chances we could get 2 boys (whether they be twins or just siblings)? I've read that they started domestic adoption incintives in 2007 so that the time frame is longer than the 12-14 mos it used to be. Is that true? What Korean agencies have you worked with. I think the only one I've seen that I've heard of is Holt.
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  #2  
April 29th, 2008, 06:14 PM
eash's Avatar Mega Super Mommy
Join Date: Dec 2005
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We are currently in the Korea program. The time from homestudy to referral can range from 5 months to over 18 months depending on agency. Korea does not allow for sibling adoption except for twins and that is quite rare. You cannot start the adoption process until your youngest is at least a year old.
The cost ranges by your income and the agency. Our adoption will cost about 40K by the time we are done with it. The country fees are 17k, agency fees from 5-10K, travel is about 5K and misc legal stuff around 3K. It is expensive but well worth it.
There are very strict regarding parental age, number of children in the home, BMI of parents, etc. All in all, it is a great program but takes some persistance.
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  #3  
April 29th, 2008, 07:07 PM
m_westbro's Avatar Platinum Supermommy
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Hi Chrystal, welcome back to the board! I see eashley already gave you some great answers and I just wanted to put a plug in for Holt, especially for Korean adoption, as the Holts were basically the pioneers that started that entire program back in the 50's. I have also read that the wait times are lengthening and saw somewhere (maybe the Holt website?) that the wait from application to placement could be up to 21 months. I'm not sure whether or not you could start the process pregnant, but would be interested to know that given that the wait times are longer now. I know when we were in the China program, they were very strict about the one-year between children rule, but given that it takes over 2 years to get a referral these days, I wonder if they've lightened up a bit.

PS- Congrats on a good appt today! I lurked in your DDC to see how it went.
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  #4  
April 29th, 2008, 07:31 PM
BensMom's Avatar Ephesians 4:29
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Thanks for the info (and so fast! ). I'd already read about the guidelines for age, bmi, etc. I HADN'T heard about the 1 year rule though. That's not a big deal to us. Ideally, I'd have 4 boys who are all appx 3 years apart, so starting the process when the current baby is a year old and then having to wait 1-2 years would be perfect. It also gives us more time to consider finances, etc.

You mentioned that the cost is based on income. Where can I read more about that to get an idea what it'll be. Does Korea still allow no-travel adoptions (where a guardian would bring the baby to America rather than the adoptive parents traveling back and forth one or more times)? Is it better to get a bank loan or get a loan through an agency if we decide to go that direction? How do those loan rates compare to ... say... uh... home loan rates?
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  #5  
April 29th, 2008, 07:46 PM
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I'm not much help with foreign adoptions but I just wanted to say Best of Luck! You are wonderful for thinking of it!
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  #6  
April 29th, 2008, 07:58 PM
m_westbro's Avatar Platinum Supermommy
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I'm not much help with the cost part (or the loan part), I had no idea it was based on income. But I do know that you can choose to have the child escorted from Korea. I hear about exciting airport family days all the time!

Good luck and please keep us posted, K?
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  #7  
April 30th, 2008, 08:13 AM
eash's Avatar Mega Super Mommy
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Quote:
Thanks for the info (and so fast! ). I'd already read about the guidelines for age, bmi, etc. I HADN'T heard about the 1 year rule though. That's not a big deal to us. Ideally, I'd have 4 boys who are all appx 3 years apart, so starting the process when the current baby is a year old and then having to wait 1-2 years would be perfect. It also gives us more time to consider finances, etc.

You mentioned that the cost is based on income. Where can I read more about that to get an idea what it'll be. Does Korea still allow no-travel adoptions (where a guardian would bring the baby to America rather than the adoptive parents traveling back and forth one or more times)? Is it better to get a bank loan or get a loan through an agency if we decide to go that direction? How do those loan rates compare to ... say... uh... home loan rates?[/b]
My understanding is that you cannot start the homestudy process until your youngest is 1. I don't know if that is the case with all agencies but I believe it is a Korea requirement. Also, I think that the limit on number of children in the home is 4, but you are okay there.
As for the money question - it is a lot of money no matter how you look at it. The sliding scale only applies to one part of the agency fees, approximately 5k. I don't know of all agencies do this or just ours. Korea does escort children but I would highly recomend traveling. As for loans, that is a personal choice. We researched a lot of banks and agency loans and all were personal loans running over 14% (and we have perfect credit). The best option was home equity lines. Don't forget that there are several grants and the tax rebate option.
Either way, good luck and feel free to ask me any questions.
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  #8  
April 30th, 2008, 09:15 AM
BensMom's Avatar Ephesians 4:29
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I sent off last night for info from Holt. Hopefully it'll be in the mail early next week. I also emailed someone...here's what it said, so hopefully you can shed some light... I don't really want to contact anyone just yet. We're way too early in the mental process for that (don't want to overwhelm dh! ) :

ME
I filled out a request for information tonight. I have a question that probably won't be included in the packet, though. We're living in Austin, TX right now. We have a 2.5 year old, and I'm pregnant with baby #2. This will be our last biological baby, but we'd like to adopt two babies from Korea over the next few years. We'll be moving from Austin to Dallas after this baby is born. What should we look for in a new house? How many bedroom/bathrooms would be required with (eventually) four children in the home? Is there anything you can tell me that I haven't already thought about that we could go ahead and prepare for during the move (things like stairs, swimming pools, and other safety issues)? I don't want to be caught off guard by the home study.

HER

You will need to contact the homestudy agency you will be using about your questions. You can work with Lutheran Social Services in Austin (512-454-4611) or Methodist Mission Home in San Antonio (210-696-2410). Either agency will be able to work with you in Austin or Dallas. You should start your homestudy after you give birth.

Holt has a pregnancy policy in place. We are not able to accept applications from applicants who are currently pregnant, and we strongly encourage families not to become pregnant during the adoption process. You will be able to apply to Holt as soon as you give birth to your child. This policy will be explained further in your application packet.

Please feel free to contact me should you have any additional questions.
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  #9  
April 30th, 2008, 09:44 AM
m_westbro's Avatar Platinum Supermommy
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Good to know. We used Lutheran Social Services in Austin and highly recommend our social worker (who is in Dallas). Let me know if you would like her info and I will be glad to PM it to you!
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  #10  
April 30th, 2008, 11:26 AM
eash's Avatar Mega Super Mommy
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I am suprised they said to start your homestudy. Your homestudy is only valid for one year and for the number of children currently in your home. You would have to update your homestudy once the new baby arrives. Also, in a year after HS approval which would surely be within your time frame. If it was me, I would wait to do the homestudy because international adoption is so unpredictable and homestudies are very expensive. Who knows what the requirements will be in a year or two years.
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  #11  
April 30th, 2008, 11:46 AM
BensMom's Avatar Ephesians 4:29
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Oh, yeah... we're DEFINITELY NOT doing a homestudy right now. It would make no sense. We're planning to move, and we'll have another baby soon. I'm mostly just curious to know what we should look for in a new house. Do they require every child to have his/her own room? Are there any restrictions about pets? Is there anything that says you have to live x-miles from a hospital? I mean... I have NO CLUE! I don't want to make any expensive modifications or have to move again so soon after getting to Dallas. Anyone who's ever done any kind of int'l home study, please jump in and tell me what yours involved... even if it's a different country or outdated information.
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  #12  
April 30th, 2008, 03:29 PM
m_westbro's Avatar Platinum Supermommy
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I don't think for any program that the home study "rules" are quite that specific, or at least I never saw anything like that in ours. When we adopted Jacey, we knew she would share a room with Jaden from the start, so I know there wasn't any rule about having to have their own room. They really just want to make sure that you have a nice, stable, safe and loving home. No rules about pets that I remember either, except not to put pictures of them in our dossier, because animals aren't treated as family members in the Asian culture as they are here.

For us, the home study process was not bad at all. Our SW always made us feel very comfortable and we never felt like she was looking for us to do or say something wrong.
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  #13  
April 30th, 2008, 04:42 PM
eash's Avatar Mega Super Mommy
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I second Marla.
I was freaking about the homestudy and it was a breeze. I think they are looking for a healthy happy home. We have four dogs and as long as they are up to date on shots, you are fine. We also have a pond in our backyard that wasn't an issue. We did have a fire safety check and a health inspection but they were looking for fire extinguishers and that toilets flushed. As for bedrooms, I don't think it matters. Also, distance from hospital never came up.
Other than that, just be yourself and it will be fine.
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  #14  
April 30th, 2008, 08:12 PM
BensMom's Avatar Ephesians 4:29
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COOL!! That's what I wanted to hear! *whew*
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