Can house be use to replace using a joint sponsor

[Eddy2019 27]

We are really finding it difficult to get a person to assist us as a joint sponsor. 

We want to find out if my husband can use his house value where he lives presently as an ASSET to support the affidavit of support we already submitted and what form does he needs to file for using his house as an ASSET.

 

Thank you everyone and sorry for bothering you all.

[Mike E 11,739]

1 hour ago, Eddy2019 said:

We want to find out if my husband can use his house value where he lives presently as an ASSET to support the affidavit of support we already submitted and what form does he needs to file for using his house as an ASSET.

 

Thank you everyone and sorry for bothering you all.

https://travel.state.gov/content/travel/en/us-visas/immigrate/i-864-affidavit-faqs.html#aos15
 

“Financial sponsors can only include assets that are convertible into cash within one year and without considerable hardship or financial loss to the sponsor and his/her family. Examples of assets easily convertible to cash are savings, stocks, bonds and property. Sponsors may include the value of their home. “

 

So if the IO looking at your case believes converting the house to cash can be done within a year and won’t cause hardship then sure.  
 

It is going to be subjective.  “Necessary” and “sufficient” are different things.  

[Boiler 45,525]

Usually an investment property could be used, somewhere you live not normally.

[Ryan H 3,812]

Moved from Progress Reports to Process & Procedures.

[Nitas_man 3,100]

20 hours ago, Eddy2019 said:

We are really finding it difficult to get a person to assist us as a joint sponsor. 

We want to find out if my husband can use his house value where he lives presently as an ASSET to support the affidavit of support we already submitted and what form does he needs to file for using his house as an ASSET.

 

Thank you everyone and sorry for bothering you all.

Same form, however the “value” is not home value it is the “equity” value which is appraised minus mortgage.  Example if he has a $100k mortgage on a $350k house he can value his equity at $250k and throw himself at the mercy of the IO.

 

Equity is generally treated as cash-convertable.  Not sure if they factor it or use some percentage.