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Step29

Joint Sponsor Low income but has assets

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HI guys,

 

I am the beneficiary for CR1 and our case assigned to Texas SC. My petitioner is disabled and only receiving less than 1k a month so definitely we will be needing soon a joint sponsor. 

 

His sister doesn't have a job but owns a 4 bedroom house. She bought it for 400k usd. Can she be qualified to be our joint sponsor with her assets? will that be enough? or we need to find someone who has a regular income.

 

TIA.

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Posted (edited)

She likely wont be able to use a house she's currently living in PLUS that's not quite how assets work.

The asset value of her home is it's legal assessed value minus the remaining mortgage. 

So if she has her home professionally assessed for a value at $405,000 and owes $395,000 on her mortgage, then she only has $10,000 in assets.  

How someone bought a home without a job or is paying the mortgage is beyond me unless she bought it in cash? In which case she has no mortgage and the value of the home is still the professionally assessed value.  Immigration still may not allow her to use a primary residence as assets, especially if she doesn't work.  

Edited by NikLR

You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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8 minutes ago, NikLR said:

She likely wont be able to use a house she's currently living in PLUS that's not quite how assets work.

The asset value of her home is it's legal assessed value minus the remaining mortgage. 

So if she has her home professionally assessed for a value at $405,000 and owes $395,000 on her mortgage, then she only has $10,000 in assets.  

How someone bought a home without a job or is paying the mortgage is beyond me unless she bought it in cash? In which case she has no mortgage and the value of the home is still the professionally assessed value.  Immigration still may not allow her to use a primary residence as assets, especially if she doesn't work.  

 

That house was bought in cash out her mother's fund. She is not paying any mortgage at all.. it's really a difficult times looking for joint sponsor. Hope we can overcome this things later on.. 

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10 minutes ago, Step29 said:

 

That house was bought in cash out her mother's fund. She is not paying any mortgage at all.. it's really a difficult times looking for joint sponsor. Hope we can overcome this things later on.. 

Theres still things that require money after buying a house like insurance, property taxes, utility bills.... regardless she isnt a good choice for a joint sponsor as using a primary home for assets isn't generally accepted. 


You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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