Can I use assets as proof of income for the CR-1?

When considering the process for the CR1 visa, one of the important steps is to demonstrate that the sponsor meets the financial requirements established by the United States government. This part involves submitting Form I-864, also known as the Affidavit of Support, which aims to ensure that the immigrant will not become a financial burden on the State.

Regarding the question of whether it is possible to use assets as proof of income for the CR1, the answer is: yes, it is possible to use assets to supplement the required income. Typically, the U.S. government mainly analyzes the sponsor’s financial capacity based on current income from salary, investment earnings, or other proven sources.

However, if the monthly or annual income does not reach the minimum required amount, the sponsor can present assets – such as properties, investments, or other possessions that can be converted into cash – as a way to demonstrate a robust financial situation. It is important to highlight that these assets must be evaluated and converted into a net value, as well as demonstrate that they are available for financial support at any time.

Generally, the value of the assets that can be used should be, in many cases, at least five times the amount lacking to reach the required minimum (or three times, if the sponsor has been self-employed, which varies according to current rules). This conversion and proof of value involve detailed documentation, such as appraisals, bank statements, and other documents that attest to the liquidity and ownership of the assets.

Finally, it is worth reinforcing that strictly following U.S. immigration laws is essential. It is recommended to always check the most current information from official sources and be cautious of offers that promise results without legal basis. Seeking specialized companies or consulting with qualified professionals can help avoid scams and misleading approaches. Each case has its particularities, and strict compliance with the rules is essential for a successful process.

Victoria Harper

Editor-in-Chief

Meet the author

Leading journalism and editorial content at Visto n’ Visa, Victoria helps make immigration topics clear, trustworthy, and easy to understand. Her focus is on delivering useful, human, and relevant content for people exploring new paths abroad.