I-864 Assets

[Rene C 0]

Hello, We are currently working on the i864 form and we want to use assets only because at the time we have zero income but we have enough liquid money to utilize per the requirements. (savings, checking's accounts). we have bank accounts in the USA and in Mexico. For the USA bank accounts, how many bank statements should we submit? the i864 does not specify. For the Mexican bank accounts, how many bank statements? and the main issue is the translation from spanish to english for the mexican accounts. Thank you!

[OldUser 7,420]

I'd start looking for a joint sponsor today. Assets are routinely ignored by USCIS.

 

Tax return transcripts are needed regardless of whether sponsor had income or not.

 

To give a figure, we need to know the household size of the sponsor.

Edited Tuesday at 03:55 AM by OldUser

[OldUser 7,420]

Here's recent example of somebody getting 221g on assets only:

 

 

 

 

[Rene C 0]

1 hour ago, OldUser said:

Here's recent example of somebody getting 221g on assets only:

 

 

 

 

Thank you! I will be asking my family for help for sponsorship. I did not want to bother them with this. But yes it seems that asetts are ignored. 

[pushbrk 13,093]

3 hours ago, Rene C said:

Thank you! I will be asking my family for help for sponsorship. I did not want to bother them with this. But yes it seems that asetts are ignored. 

That assets are ignored is a false conclusion.  People are regularly approved using liquid assets only.  The assets need to be well above the minimum of three times the income shortfall, must be liquid per the definitions in the I-864 instructions and well documented.  Well documented means statements showing the assets have been in accounts owned by either the petitioner or beneficiary for a year.  Four total statement is enough.  One each from 12, 8, and four months ago, plus the most current one for each account will do nicely.  If you are no well above the minimum, like 5 or 6 times the income shortfall, get a joint sponsor.

 

Just because some people do not properly present and document their assets, they aren't liquid, or they make mistakes in completing their affidavit, does not mean assets are ignored.  They simply are not "ignored".

[Larry and Marides 14]

11 hours ago, pushbrk said:

That assets are ignored is a false conclusion.  People are regularly approved using liquid assets only.  The assets need to be well above the minimum of three times the income shortfall, must be liquid per the definitions in the I-864 instructions and well documented.  Well documented means statements showing the assets have been in accounts owned by either the petitioner or beneficiary for a year.  Four total statement is enough.  One each from 12, 8, and four months ago, plus the most current one for each account will do nicely.  If you are no well above the minimum, like 5 or 6 times the income shortfall, get a joint sponsor.

 

Just because some people do not properly present and document their assets, they aren't liquid, or they make mistakes in completing their affidavit, does not mean assets are ignored.  They simply are not "ignored".

The poster was referring to my case. You provided a lot of information and I followed all your excellent advice. Yet the consular officer ignored all my assets and didn't even look at them. All documents were loaded into CEAC.  I have over 50 times the required shortfall in liquid brokerage accounts and in an IRA. My income looks low because I'm supporting my self with a cash account. Withdrawals of cash from a bank account don't show up as income. I don't want to touch my IRA or stock accounts yet  I have provided 12 months of statements from all accounts. I provided average balance statements from the accounts for the past 10 years. Also provided was the funding sources and history over the years. In addition to my assets I also own my house free and clear with deed and title. A professional appraisal was provided.

I absolutely believe he ignored my assets. I-864  Part 7. Use of Assets to Supplement Income. Has a statement for USCIS USE ONLY. It indicates "The total value of all assets, line 10, must equal 5 times (3 times for spouses and children of USC's, or 1 time for orphans to be formally adopted in the U.S.) the difference between the poverty guidelines and the sponsor's household income, line 10

At no time did the consular office discuss assets, and when my wife tried to present the paper copies, he absolutely refused to look at them. His screen was at an angle. My wife stated he only looked at the tax transcript and nothing else. He stated that I'm below poverty level because my tax statement show taxable income of $14,955. Here is the screenshot with that statement. He clearly ignored line 10

Edited yesterday at 08:46 AM by Larry and Marides

[pushbrk 13,093]

When you respond, a senior officer will be the one reviewing your response.  Add a respectful but direct explanation of why you qualify based on liquid assets.

[OldUser 7,420]

1 hour ago, pushbrk said:

When you respond, a senior officer will be the one reviewing your response.  Add a respectful but direct explanation of why you qualify based on liquid assets.

Risk of NOID or additional delays IMHO isn't worth this battle. If I was OP, I'd give them what they want - Joint Sponsor and call it a day.

[Larry and Marides 14]

5 hours ago, OldUser said:

Risk of NOID or additional delays IMHO isn't worth this battle. If I was OP, I'd give them what they want - Joint Sponsor and call it a day.

Sir I don't have any joint sponsors. You are my last hope. I am making a formal request.
 

Mr OldUser,

I am writing to formally request that you consider serving as my Joint Sponsor for my IR1 immigration petition. I understand that this is a significant commitment, and I deeply appreciate your consideration. I am confident that with your support, I can successfully navigate this process.

Thank you

[OldUser 7,420]

32 minutes ago, Larry and Marides said:

Sir I don't have any joint sponsors. You are my last hope. I am making a formal request.
 

Mr OldUser,

I am writing to formally request that you consider serving as my Joint Sponsor for my IR1 immigration petition. I understand that this is a significant commitment, and I deeply appreciate your consideration. I am confident that with your support, I can successfully navigate this process.

Thank you

Dear @Larry and Marides

 

I'm heartbroken to hear about your situation pertaining immigration process.

 

After careful consideration, I am sad to inform you I cannot take the burden of becoming a joint sponsor due to financial and personal reasons, including risks associated with this venture.

 

Please refer to @pushbrk advice on replying to RFE in order to convince your assets meet the requirements set by the agency.

 

I wish you and your family success.

Please keep the community updated on your progress.

 

Best Regards,

OldUser

 

 

 

Edited 11 hours ago by OldUser

[Larry and Marides 14]

7 hours ago, pushbrk said:

When you respond, a senior officer will be the one reviewing your response.  Add a respectful but direct explanation of why you qualify based on liquid assets.

Thanks again for your positive thoughtful answers. I will provide a letter with an explanation of my assets. All evidence is in CEAC. Here is a rough draft. In your opinion is this what they would look for? All this information is already in CEAC.

I am the petitioning sponsor and husband of visa applicant xxxxx. I am writing to provide additional information regarding my financial situation as stated on the NVC Form I-864. As you may have noticed, my tax return income falls short of the required minimum level of $25,550. However, my assets can comfortably support my spouse and I. These assets were obtained from employment IRA, 401K and a 403b pension accounts and the sale of my second home. The combined value of my assets totals $x,xxx,xxx which is more than the required minimum amount of assets required. While I anticipate receiving additional income of $1986 per month from Social Security starting in August 2025, my assets provide the primary financial support for my spouse and I until I start receiving Social Security in July 2025.

A Brokerage IRA account# : Balance
B Brokerage account#  Balance
C Managed Brokerage account#  Balance
D Money Market account#  Balance
E Checking account # x Balance
E Bank Checking account #x Balance 
Real Estate: Located at xxxxxxx, with a appraisal tax value of xxx,xxx. This house is paid for with no mortgages and the Deed is available on CEAC. My assets are highly liquid and can be withdrawn at any time. All this information is available on CEAC Thank you for your  time and consideration. 

[Larry and Marides 14]

24 minutes ago, OldUser said:

Dear @Larry and Marides

 

I'm heartbroken to hear about your situation pertaining immigration process.

 

After careful consideration, I am sad to inform you I cannot take the burden of becoming a joint sponsor due to financial and personal reasons, including risks associated with this venture.

 

Please refer to @pushbrk advice on replying to RFE in order to convince your assets meet the requirements set by the agency.

 

I wish you and your family success.

Please keep the community updated on your progress.

 

Best Regards,

OldUser

 

 

 

OldUser thank you for your reply. That was a good reply! This is exactly the problem trying to get a sponsor. No one wants to take the risk, I don't blame them as I would never be a Joint Sponsor with the same exact reasons.
Thanks again for your contributions to the forum.

Edited 11 hours ago by Larry and Marides