Can We Use The Alien’s Assets to Meet the K1 Visa Income Requirement?

13 Sep 2018

Can a K1 beneficiary add his or her assets with the petitioners assets?

When it comes to meeting the income requirement for a K1 fiance visa, some people opt to utilize assets to supplement their lack of income. This question is relating to whether or not one can use the petitioning alien’s assets towards meeting this income requirement.

It depends on the type of asset. Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included. 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. However, if the alien’s home is not in the US, it isn’t as liquid to the US government and would probably not be useful.

Also, proof of foreign assets is more difficult.

Types of alien owned assets that may have a better chance of being used are the following:

  • Cash
  • Stocks & Bonds
  • Precious metals present in the US

Types of alien owned assets that would have a hard time being used:

  • Foreign real estate
  • Foreign livestock/agricultural assets
  • Foreign businesses
  • Other assets physically located in a country other than the US

For a spouse or minor child, assets count as one-third the value. For all other relatives it is one-fifth.

Please note that it is at the discretion of the consular officer, reviewing your case, as to whether or not they will accept assets in conjunction with or in lieu of income. It is also at the discretion of the consular officer as to what type of assets they will accept if they accept any at all.

Disclaimer: The contents of this post were accurate to the best of our knowledge at the time of publishing. Immigration is constantly changing, and old information often becomes outdated, including procedures, timelines, prices, and more. Take note of the publish date. For archival purposes, these posts will remain published, even if new information renders them obsolete. Do not make important life decisions based on this content. No part of this post should be considered legal advice, as RapidVisa is not a law firm. This content is provided free of charge for informational purposes only. If anything herein conflicts with an official government website, the official government website shall prevail.

Leave a comment

Blog Categories

Blog Archives

Blog Archives

a-ratingCustomer Reviewsnevada-state-seal

X