While Southern Home Ownership Programs offer great benefits, buyers should be aware of potential hidden costs. Closing fees, insurance premiums, property taxes, and maintenance expenses can add up over time. Some programs require homebuyer education courses or application fees. Additionally, properties in specific programs may have resale restrictions or income-based conditions. Before committing, review all terms carefully and factor in long-term costs to avoid financial strain. Consulting with a housing counselor can help you fully understand the financial responsibilities associated with homeownership.