What are the disadvantages of getting a government sponsored mortgage?

Government-sponsored mortgages often come with stricter eligibility requirements, which can limit access for some potential homebuyers. Additionally, these loans may involve higher upfront fees, such as mortgage insurance premiums, which can increase overall costs. Borrowers may also face longer processing times due to additional paperwork and regulations. Lastly, the property may be subject to certain restrictions, such as limits on resale or renovation, which can affect future ownership flexibility.