Hi
My wife and I have our DV Interview scheduled for June at the embassy in London. I was hoping that someone on the forum might have recent experience of proof of funds requirements at the embassy in London.
At this stage the US sponsor route is unlikely so we would like to provide proof of own funds to satisfy the public charge provisions of US immigration.
I originally thought that for a family of two people I could supply 12 months bank statements showing a balance around $18 000 (as per the 125% Poverty Guidelines table) and possibly in addition we would show the value of our home from estate agents valuations and a recent mortgage balance show further asset value as the difference.
I now think all this is wrong based on a webchat transcript of someone asking a similar question on the London Embassy website. The response definitely seems to indicate that if I do not have a US sponsor I need to show about $91000 is cash in bank account (5 times yearly poverty guideline of $18000) AND houses cannot be used as proof of assets as they are not necessarily convertible to cash within 6 months.
Does anyone else have recent experience of this?? If not I am stuck!
See below transcript extracts from WebChat from London Embassy:
30. Marco Curreli: Can a Diversity Immigrant Visa applicant who is scheduled for a consular interview in London meet / satisfy the public charge provisions of the law by submitting SOLELY the following 2 pieces of evidence? 1) The applicant’s own bank statement showing the present balance of his account, the date the account was opened, the number and amount of deposits and withdrawals during the past 12 months, and the average balance during the year? If so, what is the minimum present balance and minimum average balance during the year required by the consular office? And 2) Proof of the applicant’s ownership of an automobile, in the form of an automobile title and the bank records showing the applicant’s monthly car payments to date? *
Consular Officer: A DV applicant may submit bank statement(s) showing the present balance of account(s) and activity over the past 12 months as proof of assets to satisfy the public charge provisions of U.S. immigration law. The current balance must meet 5 times the annual salary for the applicant’s family size, as specified on the I-864P as 125% of the poverty line. Example: For a family size of 1-2 people, the DV applicant must submit proof of at least $91,060 in cash, liquid assets. The applicant should be able to explain the source of funds in their bank accounts. If an applicant does not have sufficient assets, s/he may submit an I-134 completed by a joint sponsor that lives in the U.S as either a U.S. citizen or Legal Permanent Resident.
31. PeggyC: I've heard that homes are no longer being counted as part of assets for the I-864 - is this true? *
Consular Officer: In general a home cannot be submitted as proof of assets because the assets must be able to be liquidated within 6 months. If the home is under contract, it may be considered, but will be handled on a case by case bases. Assets provided for the I-864 must be cash liquid assets or be able to be liquidated within 6 months, so the funds can be used if needs arise upon arrival in the U.S.
Thanks!
My wife and I have our DV Interview scheduled for June at the embassy in London. I was hoping that someone on the forum might have recent experience of proof of funds requirements at the embassy in London.
At this stage the US sponsor route is unlikely so we would like to provide proof of own funds to satisfy the public charge provisions of US immigration.
I originally thought that for a family of two people I could supply 12 months bank statements showing a balance around $18 000 (as per the 125% Poverty Guidelines table) and possibly in addition we would show the value of our home from estate agents valuations and a recent mortgage balance show further asset value as the difference.
I now think all this is wrong based on a webchat transcript of someone asking a similar question on the London Embassy website. The response definitely seems to indicate that if I do not have a US sponsor I need to show about $91000 is cash in bank account (5 times yearly poverty guideline of $18000) AND houses cannot be used as proof of assets as they are not necessarily convertible to cash within 6 months.
Does anyone else have recent experience of this?? If not I am stuck!
See below transcript extracts from WebChat from London Embassy:
30. Marco Curreli: Can a Diversity Immigrant Visa applicant who is scheduled for a consular interview in London meet / satisfy the public charge provisions of the law by submitting SOLELY the following 2 pieces of evidence? 1) The applicant’s own bank statement showing the present balance of his account, the date the account was opened, the number and amount of deposits and withdrawals during the past 12 months, and the average balance during the year? If so, what is the minimum present balance and minimum average balance during the year required by the consular office? And 2) Proof of the applicant’s ownership of an automobile, in the form of an automobile title and the bank records showing the applicant’s monthly car payments to date? *
Consular Officer: A DV applicant may submit bank statement(s) showing the present balance of account(s) and activity over the past 12 months as proof of assets to satisfy the public charge provisions of U.S. immigration law. The current balance must meet 5 times the annual salary for the applicant’s family size, as specified on the I-864P as 125% of the poverty line. Example: For a family size of 1-2 people, the DV applicant must submit proof of at least $91,060 in cash, liquid assets. The applicant should be able to explain the source of funds in their bank accounts. If an applicant does not have sufficient assets, s/he may submit an I-134 completed by a joint sponsor that lives in the U.S as either a U.S. citizen or Legal Permanent Resident.
31. PeggyC: I've heard that homes are no longer being counted as part of assets for the I-864 - is this true? *
Consular Officer: In general a home cannot be submitted as proof of assets because the assets must be able to be liquidated within 6 months. If the home is under contract, it may be considered, but will be handled on a case by case bases. Assets provided for the I-864 must be cash liquid assets or be able to be liquidated within 6 months, so the funds can be used if needs arise upon arrival in the U.S.
Thanks!