Our first question back: how much are you putting down? The loan structure drives this answer more than the 650 does. A quote that gets blamed entirely on credit is often really a structure problem: - Small or minimum down payment: FHA usually prices a 650 far better than a credit-penalized conventional quote, because FHA does not punish a mid-600s score the way conventional's price adjustments do. - Larger down payment: you might reasonably want to avoid FHA's upfront mortgage insurance, and even then a 650 should not price as harshly as a headline number like 8.3% implies. Either way, a quote that high for a 650 with the right structure is a signal to get a second opinion rather than to accept it. The fix is matching the loan type to the down payment and comparing an FHA quote against a conventional one for the same scenario, instead of chasing a magic rate. Rates move constantly, so the specific number tells you less than the gap between two properly structured quotes. For a sense of the overall environment, use the Mortgage News Daily rate table, right here on our site at /mnd-rates. Bring the file to the free Roadmap conversation and we will run the FHA-versus-conventional comparison side by side.