In order to qualify as a sponsor of an immigrant, you must show that your household income is equal to or higher than 125% of the U.S. poverty level for your household size. (Your household size includes you, your dependents, any relatives living with you, and the immigrants you are sponsoring.) If you cannot meet the minimum income requirements using your earned income, you may add the cash value of your assets. This includes money in savings accounts, stocks, bonds, and property. This could include your substantial investments. 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). 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. If your investments do not meet the income requirements to be a sponsor, you may want to look at having your father become a joint sponsor of your spouse if he is a citizen or lawful permanent resident of the United States. A joint sponsor is someone who is willing to accept legal responsibility for supporting your family member with you. A joint sponsor must meet all the same requirements as you, except the joint sponsor does not need to be related to the immigrant. The joint sponsor (or the joint sponsor and his or her household) must reach the 125% income requirement alone. You cannot combine your income with that of a joint sponsor to meet the income requirement.
Answered on Oct 18th, 2012 at 6:47 AM