660 Credit Score FHA Loan
FHA is easy at 660, but at this near-prime score conventional often wins on total cost. Worth a real comparison.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
At 660 FHA still approves without trouble, but you have reached near-prime territory where conventional pricing is genuinely competitive. For a buyer who can handle a slightly higher down payment, conventional at 660 often costs less over time because the PMI is lighter and cancellable. FHA remains the fallback if your debt ratios are tight.
The 660 Crossover
FHA at 660 is a non-issue to approve, and the 3.5% down payment keeps cash in your pocket. But its life-of-loan insurance starts to look expensive next to conventional at this score.
Conventional PMI at 660 is meaningfully lighter than at 620 and disappears at 20% equity. Unless your debt-to-income ratio pushes you toward FHA, conventional is usually the cheaper long-term choice here.
| Factor | FHA at a 660 Score |
|---|---|
| Down Payment | 3.5% |
| Mortgage Insurance | Life of loan |
| Better Fit Often | Conventional (lighter PMI) |
| Use FHA If | Debt ratios are tight |
660 Score FHA Loan — FAQ
At 660 conventional often costs less long term because its mortgage insurance is lighter and cancels at 20% equity. FHA still makes sense if your debt ratios are tight or your down payment is minimal. We compare both before recommending one.
Easily. 660 is well above the FHA minimum, so approval is straightforward with 3.5% down. The question at this score is whether conventional saves you more, which is worth checking.
A FHA Loan With a 660 Score?
Get matched to the right Florida loan for your score · Licensed FL mortgage broker NMLS# 1859012
Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.