Is there minimum amount of asset for petitioner?

[leaaaaaaaaaaa1122 0]

Hello! I just want to ask if there is a minimum value for the petitioners assets for saving or checking? Thank you so much! 

[OldUser 6,640]

5 minutes ago, leaaaaaaaaaaa1122 said:

Hello! I just want to ask if there is a minimum value for the petitioners assets for saving or checking? Thank you so much! 

Of course.

 

The net value of a petitioner’s assets typically must total at least five times the difference between the petitioner’s household income and the federal poverty level for the petitioner’s household size, or three times the difference, for a U.S. citizen who is petitioning for a spouse or child.

 

However, USCIS is known to disregard assets, so finding a good joint sponsor is always superior option.

 

Just now, OldUser said:

Of course.

 

The net value of a petitioner’s assets typically must total at least five times the difference between the petitioner’s household income and the federal poverty level for the petitioner’s household size, or three times the difference, for a U.S. citizen who is petitioning for a spouse or child.

 

However, USCIS is known to disregard assets, so finding a good joint sponsor is always superior option.

 

Here's one experience using assets:

 

 

 

[leaaaaaaaaaaa1122 0]

I meant for Item 17 assets of petitioner. I know the part for the annual income however, i just want to know if there is a minimum asset. I am planning to just put my savings and checking so i wonder if there is minimum amount. Thank you! 

[OldUser 6,640]

22 minutes ago, leaaaaaaaaaaa1122 said:

I meant for Item 17 assets of petitioner. I know the part for the annual income however, i just want to know if there is a minimum asset. I am planning to just put my savings and checking so i wonder if there is minimum amount. Thank you! 

Please re-read my message. It explains how many assets the petitioner should have.

 

Assuming the petitioner's income is $20000 and he/she lives in one of the contiguous states with no dependants.

 

The 125% poverty guideline is $25,550.

 

Then for K-1 assets should be:

 

(25550 - 20000) * 5 = 27750

 

This is the least amount. The more is always the better, but joint sponsor is a solid solution.

 

 

 

Edited September 24 by OldUser

[leaaaaaaaaaaa1122 0]

Thank you so much! What would be the form for the joint sponsor? 

[OldUser 6,640]

11 minutes ago, leaaaaaaaaaaa1122 said:

Thank you so much! What would be the form for the joint sponsor? 

I-864.

Each the primary and joint sponsors will have to complete this form.

Edited September 24 by OldUser

[leaaaaaaaaaaa1122 0]

The reason why im asking is I also see this result every time i research. 

[Marieke H 2,497]

If the petitioner's income meets the HHS Poverty Guidelines, there is no need to include any assets. You would only include assets if you need to make up an income deficit, as explained above.