FHA guidelines for loan qualification are the most flexible of all mortgage loans that require 3% down payment.

These are the basic FHA guidelines

.  Two years of steady employment

.  Last two years income should be the same or incrasing

.  Middle Fico credit score must be at least 580

.  Bancruptcy must be at least 3years old, with good credit since

.  Foreclosure must be at least 3 yrs. old with good credit since.