All FHA guidelines for qualifying with regards to credit, income and assets documentation remain the same. This is a great program for REO properties that may need that extra touch without having to have the additional funds to do the work.
Author Resource:- My Name is John Le Francois and I'm a Mortgage Banker with Direct Access Lending. I have extensive knowledge with FHA, VA, Conventional loans, and Reverse Mortgages. Whether you are looking to purchase or to refinance an existing loan, I can help you to find the right product for your special needs.

With each loan that I do, I provide exclusively to all of my clients the "Process of Excellence". This is a 10-point contact system and a commitment to communicate agreement with you, the client. The contract is to select the best time and day that we can discuss the status of your loan. I will provide up to three loan programs for you to select prior to your application being taken. I attend all of my client’s closings. My goal is to provide a stress free experience in one of the most important decision in your financial life. I thank you for the opportunity to provide a quote and look forward to meeting you.
John Le Francois