Family Forums
Parenting Forums
Pregnancy Forums
Unplanned Pregnancy
Adoption Forums
Fertility Forums






Adoption Forums®

Members List Photos Events Local Adoption Support Search Arcade Reviews Membership Upgrade
Welcome to the Forums. Register
If this is your first visit, be sure to check out the FAQ. You may have to register before you can post or search: click here to proceed. To start viewing messages, select a forum below that you would like to view or click View All of Todays Posts.
Forum Categories
User Name
Password

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 06-01-2011, 12:02 PM
heidi6409's Avatar
heidi6409 heidi6409 is offline
Senior Member
Join Date: Feb 2011
Posts: 613
Total Points: 83,408.40
Donate
Have you bought a bigger home to take in more kids...

We started this journey as straight adoptive. Since then we have short term fostered and found we were stronger than we originally thought and could handle the heartache of letting them go. Now, we are thinking about fostering, supporting reunion, but also with the intent to keep any foster placements that end up adoptable and that are a good fit with our family. We would be interested in fostering up to three kids and with our daughter, the max we would have would be four kids. The only problem is our home is not very big. We have three bedrooms, but only one bath. And one of the bedrooms is a one-kid bedroom (small). We would want to eventually move to a bigger home. A bigger home costs more money though, lol, and I was wondering if we could get a bigger home by using the foster care payments as income to qualify for more mortgage?

What have you all done? Have you bought bigger homes to accommodate more children?
__________________
Me, age 33.
DH, age 37.
DD, age 7.

Current Placements:
Cowboy: 7/21/11 at 5 weeks old. Goal: adoption by us!


Past Placements:
Our first foster placement: Tiny girl: 9/10-4/11 Still see her once a week.
Screaming Mimi: came to us on 3/15/11 at one day old. Left 4/19/11 to join her adopted brother.
Twin 3yo girls. 5/26-6/28/11. Adopted by a great family.
Sisters: Spitfire, age 2, Helper, age 4: 1/12 to 4/12; went to another foster home so all three sisters could be together.
Respite to other cuties.
Reply With Quote
Adoption Information
Looking to Adopt?
Washington
Click here to visit WACAP
Since 1976, WACAP has placed over 10,000 children into loving adoptive homes and provided humanitarian aid to more than 200,000 children worldwide.
WACAP
(800) 732-1887   Fax (206) 575-4148

  #2  
Old 06-01-2011, 12:09 PM
Sharedthejourney Sharedthejourney is offline
Senior Member
Join Date: May 2011
Posts: 251
Total Points: 7,176.19
Donate
You may get several replies here. However, you may have to discuss agency, state, and other matters including specific requirements, policies, and specifications with your caseworker for a correct process that adheres to your local laws.

Last edited by Sharedthejourney : 06-01-2011 at 12:16 PM.
Reply With Quote
  #3  
Old 06-01-2011, 12:10 PM
digmykids's Avatar
digmykids digmykids is offline
Senior Member
Join Date: Aug 2010
Posts: 4,985
Total Points: 368,318.98
Donate
Foster care is not considered income, it's reimbursement. If you get a lender who know's the diference then you wouldnt make it through.
You need to be able to get the bigger home and maintane what it cost's on your income alone without dependence on the foster care stipend.
I've not purchased a bigger home to accomodate foster kids. My vote would be no it's not a good idea unless you know you can swing it never having a placement.
Good luck!
__________________
AS 24 yrs old
AS 23 yrs old
BioS 16 yrs old
BioS 12 yrs old

Current placements:


FD Newborn plan ? placed at 2 days old 12/13


Former placements: Just too many to put down now. We do ER work as well as long term
Reply With Quote
  #4  
Old 06-01-2011, 12:40 PM
ilovelucy72's Avatar
ilovelucy72 ilovelucy72 is offline
Senior Member
Join Date: Apr 2010
Posts: 345
Total Points: 70,773.28
Donate
Thats wonderful that you want to help more children, but I agree with what Digs said. They more than likely would not count that towards your income. We also want to purchase a bigger home so that we can have more children, but we won't be using the stipend for to qualify for a larger mortgage. I do wish you luck on your journey.
__________________
August 2010 Beginning our journey
August 3rd 2010 First home visit
October 21st 2010 Completed PRIDE classes!!
October 25th 2010 Final home visit
October 25th 2010 Officially Waiting

Furry kids- Evan (Cavalier King Charles Spaniel)
Snoopy (Beagle/Lab mix)
Searching for our little ones

Current Placements: Princess 6yrs old. 4/29/11

Former Placements:
Sweetie: 3yrs old Respite 10 days
C. 7yr old. 2/14/11-2/19/11


My blog: www.ilovelucy72.wordpress.com
Reply With Quote
  #5  
Old 06-01-2011, 12:42 PM
mountaineermom mountaineermom is offline
Senior Member
Join Date: Nov 2008
Posts: 920
Total Points: 192,106.45
Donate
We are in the process of moving to a LOT bigger house now, we are going to up our license to 4 kids, but not take that many. We will still keep it at about 2, but it's nice to know that we to be able to if we would need to.
And, no, a bank wont count foster care stipend as income, unless it's adoptive subsidy and you can prove it wont stop coming in.
__________________

Busy mom to three little girls
Two adopted and one bio

Foster parent since May 2009
12 former foster placements
Reply With Quote
  #6  
Old 06-01-2011, 01:25 PM
jmd5294 jmd5294 is offline
Senior Member
Join Date: Dec 2010
Posts: 1,182
Total Points: 25,026.50
Donate
No, you can't use the stipend as money to pay for a bigger mortgage.
One, what happens when you don't have a placement? How will you make the mortgage payment?
Two, what happens when you have a placement who, for everyone's best interests, really should be moved? But you don't move them because you need the money to pay your mortgage. That is benefitting nobody.

Is there anyway to do some basic remodeling in your current home to create more room?
I have a very handy DH who built 2 bedrooms on our 3rd floor where it used to be one big open room that we used as a library. So now we have an extra bedroom and a room that we currently use for storage, but at some point, will probably use for a bedroom.

Kids don't need a ton of room in their bedrooms, especially if you have a nice playroom in your house. Beds, clothing, and a couple toys is really all they need. Bunkbeds work well in small bedrooms.
__________________
Mama to
AD, 5 1/2 y.o.
AS, 5 y.o.
STBAS, 3 1/2 y.o.
FS, 2 months
Reply With Quote
  #7  
Old 06-01-2011, 03:56 PM
MrsCCQ's Avatar
MrsCCQ MrsCCQ is offline
Senior Member
Join Date: Jan 2010
Posts: 1,030
Total Points: 68,785.98
Donate
Actually yes, if you have fostered without interruption (no placements) for a year, you can use it as income. Our lender said that it is no problem, and we can also use our adoption subsidy as income.

Now, I wouldn't go over buy yourself into a house you can't afford, because that helps no body, but in our case we wanted to buy a new place before selling our house in VA, and having the adoption subsidy counted helped us out. We decided to rent instead to learn the new area, but we could have borrowed taking the adoption subsidy and/or fostercare payments into consideration.
__________________
A Mom to "Layla" (6) and "MK" (8) as well as my four dogs and two cats!


FINALIZED June 14, 2011!
Reply With Quote
  #8  
Old 06-01-2011, 09:41 PM
heidi6409's Avatar
heidi6409 heidi6409 is offline
Senior Member
Join Date: Feb 2011
Posts: 613
Total Points: 83,408.40
Donate
We definitely aren't interested in being house poor. My sister just went through a foreclosure and we don't ever want to go through that.

jmd: Hmmm, adding another bathroom wouldn't cost nearly as much as buying a larger home. Good idea. We have already remodeled one long bedroom into two smaller rooms to turn our home back into a three bedroom as it originally was.

Mrs.CQ: It's good to know that some lenders will use the income. Thank-you.

I think we will wait to get more serious about a larger home. Right now it's not a huge deal to only have the one bathroom, but as our children get older it will be more important. We have one bio daughter who is almost seven so she's not a bathroom hog yet
__________________
Me, age 33.
DH, age 37.
DD, age 7.

Current Placements:
Cowboy: 7/21/11 at 5 weeks old. Goal: adoption by us!


Past Placements:
Our first foster placement: Tiny girl: 9/10-4/11 Still see her once a week.
Screaming Mimi: came to us on 3/15/11 at one day old. Left 4/19/11 to join her adopted brother.
Twin 3yo girls. 5/26-6/28/11. Adopted by a great family.
Sisters: Spitfire, age 2, Helper, age 4: 1/12 to 4/12; went to another foster home so all three sisters could be together.
Respite to other cuties.
Reply With Quote

  #9  
Old 06-02-2011, 07:32 AM
MamaPenny's Avatar
MamaPenny MamaPenny is offline
Senior Member
Join Date: Apr 2011
Posts: 690
Total Points: 36,949.16
Donate
We were ready to buy a bigger house, anyway, about 6 months after we started fostering we put our 2-bedroom "starter" house on the market (we "started" there for 9 years!). So when we started looking, we definitely had it in the back of our minds that there should be room enough not just for our current situation (a shared room for our boys, plus a room for the foster babies), but to expand for future--if our boys each have their own room, is there still room for more kids? We tried to get the most house for our money (doesn't everyone?).

We would not have bought a house just to be foster parents. . .that feels a little bit like "running a foster home" to me, with sort of weird, unpleasant connotations. But that's just me. Buying a house and moving are such a hassle, I can't imagine ever doing it except in the case of "We have definitely outgrown this house--we're tripping over each other and I can't get away from Spongebob on TV no matter where I go in here!" Oh, or winning the lottery; then I'd get one of those Home Makeover type houses and load it up with kiddos!

But if you are planning to move anyway, definitely take into consideration how much house you can get for the money in different areas, the restrictions on sleeping arrangements for foster kids of different ages, etc. A finished basement or attic family room can be a huge help, as well as any "bonus rooms" there might be. Or if the house is laid out on its lot in such a way that it will be "easy" (HA!) to someday build an addition or otherwise expand square footage.
__________________
Married, w/ 11yo , 8yo Current Placement: BB Kiddo 1yo placed 11/11 (Goal: adoption by us, with caveats. . .)

Former Placements: Little Miss This 2yo 4/10 - 7/11 (adopted by g'parents) CooCoo Pigeon 4mo (RU'd) The Brave Babydoll 5mo (moved w/sib) The SuperModel Diva Baby 6mo (RU'd)

Respites: Bonus Baby 19mo The Mini Melonball 0mo preemie Baby MacGyver & The Sweet Potato Pie 10mo twin FloJo 3yo & The Tipsy Teacup 2yo The Loaner Baby 12mo
Reply With Quote
  #10  
Old 06-02-2011, 08:21 AM
TRas TRas is offline
Senior Member
Join Date: Jan 2010
Posts: 1,368
Total Points: 43,920.68
Donate
We moved into a bigger home during the time we were being licensed (from a 3 br/2 ba to a 6 br/3 1/2 ba). We obviously didn't use the foster stipend as income because we didn't have placements at that time. However, we were told that some lenders consider it. They may consider it the same way that they consider commissions (that the money could be there but not guaranteed).
__________________
AD - 3 (Placed at 6 1/2 months old)
AD - 3 (Placed at 7 months old)
AS - 4 (Placed at 21 months old)
AS - 3 (Placed at 26 months old)
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Points Per Thread View: 1.00
Points Per Thread: 15.00
Points Per Reply: 5.00


All times are GMT -7. The time now is 03:09 AM.