[Please note: Many if not most mortgage holders do not have the luxury of extra money!]

Last questions, can't a voucher holder apply to any home of any size in their approved area? 

Which brings me to another question; the agreement states that the homebuyer/occupant will retain home owners insurance on the property and list the lender as loss payee or first lien holder on the insurance for the life of the loan and yes I know it's in the agreement that was signed but I am wondering if by law it's even required once it used to be 20% but now it's 10% of the loan has been paid off, even big traditional mortgage lenders will remove PMI costs after 10% has been paid off.

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I did have to pay points (and we locked in just before the interest rates went up again) but the math showed it was worth it to me in the long run to pay it up front as I'm a long term holder.  

Quote from @Steven Roil: Hello all, I am new to the site,. and tried using the forums to search for E2 Visa related questions but couldn't find much.

I am above 50% on standard Visa/MC, below 50% on Amex, and about 0% with anything that is like a local credit unions. 

.- Utilize local tax incentives and investment visas to increase ROI.Why This Could Be a Billion-Dollar Play- Solves a real problem for U.S. military/gov professionals looking to invest overseas.- Provides stable, built-in demand (military personnel have guaranteed salaries & housing stipends).- Creates an alternative wealth-building strategy for a niche group of investors.- More scalable than traditional rentals.

The numbers for investing in Detroit look promising, but I am hesitant to proceed with purchasing a property and accepting Section 8 tenants due to the long delays in rent payments.There are many Section 8 voucher holders looking for homes, and many tenants have shared horror stories about their previous landlords.

Btw, the buyer is in no way at any criminal risk vis a vi the lender, he has no contract with the lender and therefore no obligation to the lender.