about meeting financial requirement please help :(

[sp927 0]

My boyfriend and I've recently started gathering information to apply for k1 visa by end of December. Visajourney has been such a great help/resource for us, but

we stumbled on this major issue with finance. I'm a 22 year old US citizen and I'm currently enrolled in a college as a full-time student. I have a part time job which is no near

to meet financial requirement for K-1visa and my major source of living is from my mom. My boyfriend is Korean and he is currently unemployed.

I understand that the best thing to do in this situation is to have my mom as a joint sponsor, but unfortunately, she disapproves of our relationship and my plan to

get married at this age. What would I be able to do in this situation? I read on other websites and from here that bank account balance could be used to meet the

financial requirement (125% of federal poverty line). If my boyfriend transfers me at least 125% of FPL to my bank of america checking account, could that be used to meet

financial requirement? From my part time job last year, I'm earned about $8000 and I have W2 form for that, but I'm not sure if the combination of the w2 form and

my bank balance would be sufficient.

Does anyone have information about this or advise me on this? I've been doing a lot of research, but couldn't find the answer that applies specifically to my situation.

Thank you in advance and good luck to everyone!

[BethB 2]

The affidavit can be anyone as long as they are citizens or residents of USA and they can show/prove, with tax returns from the last 3 years is the best way, that they meet the income required

EDIT: you would need that persons approval of course as well as proof of their citizenship, tax returns and signature.

Edited November 13, 2016 by BethB

[Alexistara 7]

My boyfriend and I've recently started gathering information to apply for k1 visa by end of December. Visajourney has been such a great help/resource for us, but

we stumbled on this major issue with finance. I'm a 22 year old US citizen and I'm currently enrolled in a college as a full-time student. I have a part time job which is no near

to meet financial requirement for K-1visa and my major source of living is from my mom. My boyfriend is Korean and he is currently unemployed.

I understand that the best thing to do in this situation is to have my mom as a joint sponsor, but unfortunately, she disapproves of our relationship and my plan to

get married at this age. What would I be able to do in this situation? I read on other websites and from here that bank account balance could be used to meet the

financial requirement (125% of federal poverty line). If my boyfriend transfers me at least 125% of FPL to my bank of america checking account, could that be used to meet

financial requirement? From my part time job last year, I'm earned about $8000 and I have W2 form for that, but I'm not sure if the combination of the w2 form and

my bank balance would be sufficient.

Does anyone have information about this or advise me on this? I've been doing a lot of research, but couldn't find the answer that applies specifically to my situation.

Thank you in advance and good luck to everyone!

The sponsors income needs to meet the threshold and you also have to show that you will continue to meet this for 5 years. (Somehow it was determined that your most current 3 tax returns are proof that your next 5 tax returns should be able to meet this criteria.)

This is my understanding how it works.

If for three years you exceed the threshold you meet the test.

If not, let's say 125% of FPL is $20,000, you have showed that you can meet $8,000 of this annually. This leaves a difference of $12,000 x 5 years = $60,000 in liquid assets you will need or a sponsor who can meet this amount. Your sponsor must be a US Citizen; I don't think they will take the savings your fiance sent to you in to consideration because these type of transfers are generally seen as a payment for marriage.

I hope that helps...Good Luck

[RobertM54 36]

I consider myself a bit of an internet research nerd, I'm sitting here in Kiev going crazy waiting for our interview, so I tried to find the answer to your question.

After searching on VJ and the internet for K1 I134 I could not find it, So I searched I864.

Download the instructions

https://www.uscis.gov/i-864

Blah-blah-blah. As I read it you can include your fiance's asset in his accounts without transfer. Read the instructions. Please post back here if you have more questions. These are complicated sentences that violate all (or maybe just my) rules for effective communication.

Part 5., Item Number 8.), you do not need to complete this Part. If your total household income does not meet the requirement, you may submit evidence of the value of your assets, the sponsored immigrant’s assets, and/or assets of a household member that can be used, if necessary, for the support of the intending immigrant(s). The value of assets of all of these persons may be combined in order to meet the necessary requirement. Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner’s claim of its net cash value. Form I-864 Instructions 07/02/15 N Page 9 of 16 You may include the net value of your home as an asset. The net value of the home is the appraised value of the home, minus the sum of any and all loans secured by a mortgage, trust deed, or other lien on the home. If you wish to include the net value of your home, then you must include documentation demonstrating that you own it, a recent appraisal by a licensed appraiser, and evidence of the amount of any and all loans secured by a mortgage, trust deed, or other lien on the home. You may not include the net value of an automobile unless you show that you have more than one automobile, and at least one automobile is not included as an asset.

-------and---------------

Item Numbers 6. - 9. Assets of the Intending Immigrant. You may use the assets of the intending immigrant regardless of where he or she resides. The intending immigrant must provide evidence of such assets with this affidavit. Add together Item Numbers 6. - 8. and enter the total number in Item Number 9. Form I-864A is not required to document the intending immigrant’s assets.

-----

Then there are some examples.

Once you have your numbers, I suggest you go to the East Asia forum to ask how they play in Seoul.

I spent two years in Korea whilst in the Army. I love it and Koreans. Good luck.

Edited November 13, 2016 by RobertM54

[Emma&Jerry 2]

Hi everyone, not too sure but my understanding is that for the K1 application they need to file for the I 134 and I 134 does NOT allow to use the beneficiary fiance's assets. Only the I 864 allows that, and the I 864 is to be filed during Adjustment of Status, and not the K1 visa application.

Hope somebody can clarify.

[wheresmykoala 52]

Hey, I did a lot of research on how to do a K-1 on my own IF my parents did not agree with me getting married at my age (21) or to my fiancee-I have these two links and I think they could really help you out:

http://www.visajourney.com/forums/topic/284641-i-134-affidavit-of-support-assets-only/

http://www.visajourney.com/forums/topic/409467-i-134-foreign-fiance-assets-counted-on-affidavit/

I've heard USCIS looks really closely at current income, not so much your assets, because they want to make sure you can continually support the intending immigrant and yourself, or have a constant source of income. It's difficult to say because although your S/O could transfer you their funds to add to the assets and you have a job, if you're just barely meeting the minimum and not making much annually, that could cause issues if USCIS feels you could potentially drop under the poverty limit for the two of you and your S/O could become a public charge.

As others have mentioned, using assets needs to equal 5 times (and sometimes I've heard 3x) the difference between your annual income and the needed 125%. The first link goes more in depth, but I remember finding out after using this 5x the difference formula way back, I'd still be short $30,000+ , but you might be alright!

If you have another family member or close friend who would be willing to joint sponsor with you, this would be acceptable, especially when it comes to the I-864, as long as they make sufficient income. Plus it doesn't hurt to have a backup plan incase self sponsoring falls through (lost job, etc.). Some embassies do not accept joint sponsors for the I-134, but joint sponsors with the I-864 seem to be very common. Hopefully some of this helps! I'd like to hope your mom will come around too and consider helping you guys out, regardless of how uncomfortable with the idea she might be. Good luck and wishing it goes smoothly!

Hi everyone, not too sure but my understanding is that for the K1 application they need to file for the I 134 and I 134 does NOT allow to use the beneficiary fiance's assets. Only the I 864 allows that, and the I 864 is to be filed during Adjustment of Status, and not the K1 visa application.

Hope somebody can clarify.

I believe that the I-134 is up to you and your assets only, not the beneficiaries. For the I-864 you can use the beneficiaries assets:

Item Numbers 6. - 9. Assets of the Intending Immigrant. You may use the assets of the intending immigrant regardless of where he or she resides. The intending immigrant must provide evidence of such assets with this affidavit.

You are correct about filling the I-864 for Adjustment of Status and not during the K-1 process. The I-134 is like a promise to the interviewer at the embassy, and the I-864 is like the 'following through' on that promise.

[N-o-l-a 7,167]

Some further things to think about: you will have to pay for AOS once your K1 comes over and he won't be able to work for at least 90 days. What if he has difficulty finding a job, a common problem amongst immigrants from non-English speaking countries? Will you two live with your mother?

Are you close to finishing school? This might be a good time to wait until you are finished and get a job. It can be really hard to finish school when you get married and maybe get other responsibilities as well.

The financial requirements can usually be met for two (you and the immigrant) with a full time job around $11/hour, so one needn't worry that an entry level job with your new degree with be not enough.