Do you have thoughts on which loan product you will be looking at? USDA, FHA, Conventional etc.? This helps know what type of fees and down payements you would need to save up for.

I'll be going FHA.

I don't know what closing costs average, but I think the downpament is 3.5% of th purchase price.

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Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660

Yeah 3.5 for down, its possible to have no closing costs out of pocket with negative points.

So I'll be looking at 3.5% down, closing costs, and home inspection.  Am I missing any other out of pocket expenses that I'll have to pay?

Don't forget about Earnest Money when you go under contract.  Home inspection includes multiple tests that you'll have to pay for.  Then there's the pre-paids too Taxes, Homeowners, etc.

Good luck, we're in the final stages and it's a long process but so worth it.

Here is a web site from Grand Homes that you can play with the numbers and it will give you a good idea of what you need to bring.  Of course most of the numbers will be hypothetical (like taxes and insurance) but it will help you out.

http://www.grandhomes.com/gh_financing04d.php

keep working on it! My scores were all below 580 when i started.  But now my highest when i started my housing process was 670.  Just takes patience and hard work.