Cosponsor for K1 visa

[Cheburashka34 228]

If I end up needing a cosponsor, how much do they need to show they make? What would their household size be considered? I'm a little confused. 

[milimelo 4,544]

Their household size plus the intending immigrant. 

[Greenbaum 12,259]

40 minutes ago, Cheburashka34 said:

If I end up needing a cosponsor, how much do they need to show they make? What would their household size be considered? I'm a little confused. 

Use the link to find your answer to how much and yes, their household size is what drives the income level that they must earn.  This is the minimum amount of paperwork needed for the I-134, Affidavit of Support for the interview.

 

EVIDENCE OF SUPPORT: You must submit any evidence which will show that you and members of your family who will accompany you are not likely to become public charges while in the United States. Visa petitioner (US Citizen) will have to complete form I-134. If the petitioner does not qualify as a sponsor, a Joint-Sponsor should ALSO be presented (any US Citizen living in the US or Legal Permanent Resident), who will also have to complete form I-134. Both, the Sponsor (Petitioner) as well as the Joint-Sponsor, will have to present last year's income tax return transcripts. W2 form and proof of current and sustainable income (e.g. letter of employment on letterhead including salary and start date, most recent salary receipts, bank accounts, the value of properties, etc.). You may download the I-134 affidavit at https://www.uscis.gov/i-134

Get the IRS transcript in place of the actual 1040 here: 

https://www.irs.gov/Individuals/Get-Transcript

Use this link to determine the income levels needed https://www.uscis.gov/i-864p

Also, the new requirement from the embassies is to complete the DS-5540. https://eforms.state.gov/Forms/ds5540.PDF

[Cheburashka34 228]

3 minutes ago, Greenbaum said:

Use the link to find your answer to how much and yes, their household size is what drives the income level that they must earn.  This is the minimum amount of paperwork needed for the I-134, Affidavit of Support for the interview.

 

EVIDENCE OF SUPPORT: You must submit any evidence which will show that you and members of your family who will accompany you are not likely to become public charges while in the United States. Visa petitioner (US Citizen) will have to complete form I-134. If the petitioner does not qualify as a sponsor, a Joint-Sponsor should ALSO be presented (any US Citizen living in the US or Legal Permanent Resident), who will also have to complete form I-134. Both, the Sponsor (Petitioner) as well as the Joint-Sponsor, will have to present last year's income tax return transcripts. W2 form and proof of current and sustainable income (e.g. letter of employment on letterhead including salary and start date, most recent salary receipts, bank accounts, the value of properties, etc.). You may download the I-134 affidavit at https://www.uscis.gov/i-134

Get the IRS transcript in place of the actual 1040 here: 

https://www.irs.gov/Individuals/Get-Transcript

Use this link to determine the income levels needed https://www.uscis.gov/i-864p

Also, the new requirement from the embassies is to complete the DS-5540. https://eforms.state.gov/Forms/ds5540.PDF

You said current income is king right? That's what they pay attention to most?

[Greenbaum 12,259]

Just now, Cheburashka34 said:

You said current income is king right? That's what they pay attention to most?

That's right.

[Cheburashka34 228]

3 minutes ago, Greenbaum said:

That's right.

And if I can also show assets then that will help? Do any embassies not care about assets that you've seen?

[Greenbaum 12,259]

1 minute ago, Cheburashka34 said:

And if I can also show assets then that will help? Do any embassies not care about assets that you've seen?

Here is a quick FAQ on using assets to qualify under the K-1 income value.

 

Q: How Can I Use Assets to Qualify?

A: Assets may supplement income if the immigration officer is convinced that the monetary value of the asset could reasonably be made available to support the fiancé visa applicant and converted to cash within one year without undue harm to the sponsor or his or her family members.  You may not include an automobile unless you show that you own at least one working automobile that you have not included.

 

Q: What assets can be used?

A: Any type of asset can be used if it is readily convertible to cash within a year. Liquid assets, such as savings deposits, stocks, bonds, and certificates of deposit will be viewed most favorably because they would be most accessible for the support of sponsored immigrants. Other assets, such as property, may also be acceptable if they can be sold within a year.

 

Q: What evidence of assets is required?

A: Evidence establishing ownership and the value and location of assets is required. Information on any liens and/or liabilities relating to these assets must be provided. For bank accounts, bank statements for the most recent 12 months, or a letter from the bank stating the date the account was opened, a history of deposits and withdrawals for the past 12 months.

[Ryan H 3,826]

Moved from Progress Reports to Process & Procedures.