affidavit I 864 requirements

M

miamiparis

New Member
I am an American citizen and I want to apply for the green card for my parents.
I didn't earn the required $29,437 per year (because I'm trying to start a business) so I can't be their sponsor.
My parents have retired from France, good savings, an apartment in Miami Beach already paid. Can they use any of these assets and retirement to avoid having a joint sponsor? They don't have many friends in USA.
 
Yes, they can use assets to make up for your income shortfall.

Every $5 of acceptable assets makes up for $1 of income*. So if $29,437 is the required amount for your household size, 5 times $29,437 = $147,185 is what they would need if you have zero income.

The I-864 has a section to list the immigrant's assets; you will also have to attach supporting documentation of those assets.


*for marriage to a US citizen, the ratio is 3 to 1, not 5 to 1.
 
Assets

Thank you very much for these great responses that bring me hope!
I am the half owner of my condo in Miami with my mum.
I made the calculation with my low income plus this half condo and did the required multiplication by 5.
I found out that I needed $75,000 more.
But now that you are telling me that the assets of my parents can be counted, it's great.
They bought their condo (at the name of my mum and my dad) in Miami Beach for $112,000 in 2012 but I know that now, it should be worth slightly more and they have $64,000 in their joint bank account in Miami. So each one of my parent has $88,000 worth of assets in USA (112,000 + 64,000)/2 , so it's more than $75,000 each.
The problem is that if I sponsor my mum, she is ok, but can I also sponsor my dad with the same calculation?
What I mean is that if my low income and half condo were devoted to my mom first, can I still use the same low income and half condo a second time to sponsor my dad?
By the way, I'm not sure now for the calculation of my parent's assets. If their bank account is a joint bank account with $64,000, should I say that each of my parents owns $32,000 or $64,000?
Same for the condo, does each one own $56,000 or $112,000?
 
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miamiparis said:
The problem is that if I sponsor my mum, she is ok, but can I also sponsor my dad with the same calculation?
What I mean is that if my low income and half condo were devoted to my mom first, can I still use the same low income and half condo a second time to sponsor my dad?
Click to expand...
The answer to this is yes. Each petition has a separate I-864, and each I-864 does not count people being sponsored on other petitions. But cutting it really close probably does not look good.

miamiparis said:
By the way, I'm not sure now for the calculation of my parent's assets. If their bank account is a joint bank account with $64,000, should I say that each of my parents owns $32,000 or $64,000?
Same for the condo, does each one own $56,000 or $112,000?
Click to expand...
I'm not sure about this.
 
Assets

For my mum, she won't be close if I add my half condo also (she is joint owner with me, but not my dad).
I am pretty sure that each of my parents will get half of their condo's value, because in the form, they are talking about having the asset converted into cash within 1 year, so if they sell their condo, each one gets half.
But for the joint bank account, I think that they can have the full value of it because if one of them wants, he or she can withdraw the full value of the bank account. In that case, if my dad gets $64,000, he won't be close also.
But I just need confirmation of what I think from someone who is sure about it.
 
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Assets

I just read the instructions for I-864 and it says: "Your household size includes yourself and the following individuals, no matter where they live: any spouse, any dependent children under the age of 21, any other dependents listed on your most recent Federal income tax return, all persons being sponsored in this affidavit of support".
I am married with 2 children so I thought that the household size was 4. But now that I read carefully, we are 6. So the minimum income is $39,487. This is bad.
My parents have a retirement from France. If I add their retirement, I think they will be ok. But do I need a certified translator to translate their pension paper in English? Also, how do I prove that the pension from France can be brought to USA easily?
Also, I didn't want my parents to live with me, but I read this: "Income from the intending immigrant, if that income will continue from the same source after immigration, and if the intending immigrant is currently living in your residence.".
I don't want my parents to live with me but in that case, do I have to say that they will live with me?
 
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miamiparis said:
Also, how do I prove that the pension from France can be brought to USA easily?
Click to expand...
I don't think you'll need to prove that unless France is a country with currency restrictions that would get in the way of the money being transferred.

Also, I didn't want my parents to live with me, but I read this: "Income from the intending immigrant, if that income will continue from the same source after immigration, and if the intending immigrant is currently living in your residence.".
I don't want my parents to live with me but in that case, do I have to say that they will live with me?
Click to expand...

Yes, if you want to count their income. Otherwise no.
 
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