you could try reseting your cmos, as well as push down on the actual bios chip on the motherboard. sometimes it gets rattled around and may need to be better seated. the ff code your refering to usualy means that the board has made it through diognostics and is ready to boot, (Fully Functional), OR it could mean that its ready to check for cpu and isnt able to get past that. also try taking everything out of the computer and assemble it outside of its case. reseat the cpu, being sure to have a heatsink on top of ot and pluged into the motherboard. use only 1 ram stick making sure it is also seated well, and the graphics card too. try thr 1 ram stick in all the ram slots one at a time. when if non of this works, then turn the pc off, and instead of hitting the power button to turn it back on, hit the mem ok button. this will boot your pc and run through working settings for your ram. for now thats all i can think of. do these things exactl;y like im explaining them. if you need more help id say either, try a different cpu, or rma the board back to newegg, if thats where you bought it from.
i almost bought the same board, but decided to wait till someone had some experience with it, so keep us updated please.