how much income must a fiance/fiancee have?

[I & K 9]

please what is the required income of a fiance/fiancee before they can file for a k1 visa? how much is suppose to be the balance in their account?

[Dave&Roza 748]

please what is the required income of a fiance/fiancee before they can file for a k1 visa? how much is suppose to be the balance in their account?

The sponsor must make 125% of the poverty guidelines listed here for their family size. Family size is the sponsor, the beneficiary, and any persons claimed on the sponsor's income tax return as a dependant. Assets for a spouse are taken at 1/3 their fair market value. If the beneficiary is not the spouse than assets are taken at 1/5 their fair market value. Any combination of assets and income can be used to get above the 125% level. If not able, then a co-sponsor is required--some Embassies/Consulates do not accept co-sponsors or have a higher income level if a co-sponser is used. You might want to check your Embassy/Consulate to see what their requirements are.

Good luck,

Dave

[I & K 9]

The sponsor must make 125% of the poverty guidelines listed here for their family size. Family size is the sponsor, the beneficiary, and any persons claimed on the sponsor's income tax return as a dependant. Assets for a spouse are taken at 1/3 their fair market value. If the beneficiary is not the spouse than assets are taken at 1/5 their fair market value. Any combination of assets and income can be used to get above the 125% level. If not able, then a co-sponsor is required--some Embassies/Consulates do not accept co-sponsors or have a higher income level if a co-sponser is used. You might want to check your Embassy/Consulate to see what their requirements are.

Good luck,

Dave

hi so the sponsors income and assets including the house cars and all that are calculated to reach the 125% right?

[Penguin_ie 5,992]

No, income must reach the 125%.

If you use assets, they are counted x3 for a spouse or x5 for others- so if you are short $1000 on income to sponsor your spouse, you would need $300o in assets. Not all assets count- your only car woull not, and a family home rarely does, but a rental property or holiday home would count (minus any mortgage on it of course).