Am I responsible for other expenses incurred as a result of purchasing the home?
Yes. You are responsible for all monthly homeownership expenses and for any expenses that you incur as a homeowner. You will be responsible for all maintenance of the home. As mentioned earlier you need to save for the unexpected such as; roof damage, water heater replacement, furnace repair, increased taxes, etc. Owning a home is expensive. You need to carefully weigh the advantages and disadvantages between owning verses renting.

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1. How do I know if I am ready for homeownership?
2. What are the eligibility requirements to participate in the Voucher Homeownership Program?
3. How do I obtain financing?
4. Do I have to have good credit?
5. Are there any programs to help me save for a down payment?
6. What other costs are there?
7. Am I limited as to how much I can pay for a home?
8. Do I need to get my home inspected?
9. Am I responsible for other expenses incurred as a result of purchasing the home?
10. If interested in Homeownership, what should I do next?