Home Inspections are generally required as part of these programs; in fact, the programs that provide funding for repairs, cosmetic or otherwise, have people lead you through the process of hiring someone from their approved list. I think that's great because I wouldn't have a clue in the world where to start.
Home Inspectors look at the house from a maintenance/issue perspective and determine if there's a problem with anything that isn't up to standard or if there's a foreseeable future problem. I don't know how to tell the age of a roof, whether there has been water in the basement or if the foundation is sinking. Never mind if the floorboards need to be replaced to to leaky plumbing. I believe that lenders in my state require a housing inspection for underwriting purposes; no sense in providing a mortgage for problem properties.
One person asked about "other hidden costs" not meaning hidden costs, but expenses about which those who have not previously bought a house may be unaware. Hidden costs are things that are slipped in without your knowledge.
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