Assets needed to qualify for US visa

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Assets needed to qualify for US visa


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Old 6th January 2020, 01:46 PM
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Default Assets needed to qualify for US visa

Hi All! I'm having a bit of trouble calculating exactly how much I would need in assets (savings accounts, stocks, bonds, and property) if we do not have jobs lined up in the states or a joint sponsor.

"To determine the amount of assets required to qualify, subtract your household income from the minimum income requirement (125% of the poverty level for your family size). You must prove the cash value of your assets is worth five times this difference (the amount left over)."

We are a household of two people, my husband and myself, so $21,137 is 125% of the poverty level - but then I get a little lost. Can anyone help?

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Old 6th January 2020, 05:42 PM
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You need to have 125% or poverty level to qualify.

If the US spouse is moving to the US first and has a job which does not meet the requirement, you deduct the job income from 125% poverty level and multiply that by 3 to make up the shortfall.

If you don't have this level of income - and if you are moving to the States without a job in place or a joint sponsor then you are likely to have NO income in the States to begin with - then you just take the 125% poverty level requirement and multiply by 3 (if being sponsored by spouse)

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Last edited by Crawford; 6th January 2020 at 05:45 PM.
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Old 7th January 2020, 07:53 AM
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Thanks for the help Crawford.

The idea is that we don't want to be separated again and would like to be able to apply for the visa from the UK and move over to the US at the same time, so I am hoping to be able to use assets instead of a job.

Now, if I'm understanding you correctly, we would need $63,411? Though it does say five times the difference, would that not apply? In which case we would need $105,685?

Can you tell me if I'm able to include my 401K as an asset?

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Old 7th January 2020, 03:28 PM
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Exceptions:
If the person being sponsored is a spouse, or son/daughter (who is 18 years or older) of a U.S. citizen: The minimum cash value of assets must be three times the difference between the sponsor’s household income and 125% of the federal poverty guide line for the household.


Taken from:
https://www.uscis.gov/greencard/affidavit-support

Not sure about the 401K. Is this a US asset? Is it readily available to be liquidated if necessary?

Just as an aside....... notice that your next visa application is coming up FLR(M). Are you going to apply for that or let it lapse?

I ask because, if you decide to apply for a US visa for your husband, that would take 5 to 6 months minimum (if filed at the US Embassy London)

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Last edited by Crawford; 7th January 2020 at 03:38 PM.
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Old 8th January 2020, 09:53 AM
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Well that's great news - thanks for clarifying.

As far as my 401K, I suppose although liquidating these funds prior to retirement age would be possible, the IRS penalties would reduce the value, so they couldn't technically be considered a liquid asset? I just thought that perhaps since it appears stocks and bonds can be used, that my 401K might also be eligible.

I have applied for my FLR(M) for now, though we're not sure we'll stay here another 3 years. Just trying to get a heads up on what exactly we're looking at in heading back to the states.

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