Income Requirements for a K-1 Visa for the Philippines...Is Co-Sponsorship allowed ?

[madtownguy 164]

We married August 2nd, sent I-130 in mid October and just got Case Complete at NVC today, just waiting on interview letter next.

We waited one year for our AOS, my wife wishes we had done CR1 or marriage first because after taking a cruise and waiting in a holding cell because either advanced parole takes awhile or they didn't know what they were doing, we decided it's best to just wait to travel again. Obama has screwed up our system in the U.S.

[madtownguy 164]

I have known a few guys including myself who took a couple years off work and traveled to Philippines....

Yes if you have cash assets then you can just do it that way. Being able to afford years in another country I would assume someone has well over six figures in savings, which would make the income requirement pointless. I am thinking because they are asking the question they don't have money in the bank to prove financial support. If for some reason someone would spend their savings and have nothing coming back, well I agree with the government in denying that. I've seen people who did this visa process and immediately go on some form of government assistance.

[Greenbaum 12,258]

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. Also, Social Security can be used as income for qualifying purposes.

You will probably asked for evidence establishing ownership and the value and location of your assets maybe required. Be prepared to summit information on any liens and/or liabilities relating to these assets. 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 year, and the current balance are needed.

The sponsor may count income that is not subject to taxation (such as a housing allowance), as well as taxable income (such as retirement and/or social security). However the sponsor must prove the nature and the amount of any income if it is not included as wages/salary or other taxable income. Evidence of such income can be shown through notations on the W-2 Form (such as box 13, for military allowances), Form 1099, or other documents that substantiate the claimed income.

[Hank_ 9,173]

USEM does not accept assets, I know a few couples where they had assets but the embassy required them to get a co-sponsor.

[Greenbaum 12,258]

USEM does not accept assets, I know a few couples where they had assets but the embassy required them to get a co-sponsor.

That's strange as this is what (should have kept the web address) a US website states. Have to update my brain with new info.

[Hank_ 9,173]

That's strange as this is what (should have kept the web address) a US website states. Have to update my brain with new info.

I know what the DOS website says, but USEM does not look at assets... I know this from a couple different people, one couple are friends of ours, they had to get a co-sponsor even though he had plenty of assets.