Assets in Affidavit of Support for family sponsorship

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leelaaloo

New Member
Question: If our income is not enough (or not stable enough), what exactly is the evidence of assets that we can use to supplement our income. Can I just borrow something like 30K for a couple of weeks, get a bank letter, and then return the money back to my friends? or does the money have to be frozen somewhere?

A bit more explanation about why we figured we might try out the asset based route.
Our income has fluctuated widely over the past few years. And we are not home owners. So we asked someone else to be a joint-sponsor. They messed up their forms, and are not helping anymore (we know this because NVC has emailed us with a long list of mistakes in the I-864 form that the joint-sponsor has filled out).

Also, my in-laws are going to come settle here. Everything has been smooth, if slightly slower than expected, until now.


Thanks so much for your help!
 
Every $5 of assets makes up for $1 of income (but with marriage to a US citizen the ratio is 3 to 1 instead of 5 to 1).

So for example if the income requirement for your household size is $30K, and you have provable income of $20K (and thereby a shortfall of $10K), you would need 5 times $10K of assets = $50K to cover the shortfall.

If you're using money in the bank to qualify, they'll expect a few months of bank statements to prove that the money has been there for some time, or proof of having recently sold your house/car/land/gold/whatever to obtain that money, as they want some indication that the money is not just short-term borrowed money.

Note that the assets of the immigrant can be added to the assets of the sponsor in order to meet the required amount.
 
Thanks so much for the explanation.
May I ask a clarification:

-Does marriage to a permanent resident have the same effect?
"but with marriage to a US citizen the ratio is 3 to 1 instead of 5 to 1."

-Also, this is assets inside the US right? Is there a way to use the immigrant's assets outside the US.
Because the have some property oversees, but they don't want to sell them now.

Thanks again.
 
leelaaloo said:
Thanks so much for the explanation.
May I ask a clarification:

-Does marriage to a permanent resident have the same effect?
"but with marriage to a US citizen the ratio is 3 to 1 instead of 5 to 1."
Click to expand...
No, only marriage to a US citizen gets the 3 to 1 ratio. I figure that's based on spouses of US citizens becoming eligible for citizenship in 3 years, so the assets don't need to last as long (the obligation of the affidavit of support terminates when the immigrant becomes a US citizen).

-Also, this is assets inside the US right? Is there a way to use the immigrant's assets outside the US.
Because the have some property oversees, but they don't want to sell them now.
Click to expand...
Assets outside the US can be included, as long as they are properly appraised and documented, and there are no currency restrictions or other laws that would block or significantly delay the assets being sold and the resulting money being sent to the US. The usual delay of 3-6 months for selling real estate is acceptable, but over a year would be a problem if that's how long it normally takes in the country where the property is located.

Note that for assets secured by a loan, only the net equity after subtracting the loan balance is counted, not the asset's value.
 
First of all I really appreciate the efforts of the host.

I have a scenario, my father has filed petition for immigration for me under F4 in some where 10 years back when he was in USA. Now is he living with us here in Pakistan (as he is at the age of 77) since 2005m thereafter, he visited two time just to have trip.

We are expecting our case very near, how we deal with Affidavit of Support? and Domicile issue? please guide us!

Regards,,,imran
 
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