First Horizon Bank Mortgage Rates, Fees & Info

Memphis, TN

LEI: COOWI3L2W9TPYR3WJX37

Tax ID: 62-0201385

5 stars - Updated: 2/19/24 - out of 5 stars, based on 121 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First Horizon Bank is a mid-sized bank specializing in Home Purchase loans. First Horizon Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Miami, Dallas, New York, and Atlanta among others. We have data for 285 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Horizon Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Horizon Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.88% 2/19/24
30 Year Conventional Purchase 6.26% 2/19/24
30 Year Conventional Refi 6.33% 2/19/24
30 Year Cash-out Refi 6.65% 2/19/24
30 Year FHA Purchase 7.30% 2/19/24
30 Year FHA Refi 6.27% 2/19/24
30 Year VA Purchase 6.19% 2/19/24
30 Year VA Refi 5.84% 2/19/24
30 Year USDA Purchase 6.72% 2/19/24
30 Year USDA Refi 6.27% 2/19/24
15 Year Conventional Purchase 5.92% 2/19/24
15 Year Conventional Refi 6.04% 2/19/24
15 Year Cash-out Refi 6.04% 2/19/24
15 Year FHA Refi 5.68% 2/19/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Horizon Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Horizon Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

14,649

Origination Dollar Volume (All Markets)

$6,235,105,000
Show all (41) awards

Relative Rate

First Horizon Bank's average 30 year fixed mortgage rate was 3.9%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.86%.

Relative Fees (Closing Costs)

First Horizon Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,223.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1,887 $711,845,000 $377,236 $5,734 3.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 802 $642,450,000 $801,060 $8,886 3.64%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 618 $397,790,000 $643,673 $6,673 4.23%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 209 $296,045,000 $1,416,483 $17,097 3.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 457 $293,665,000 $642,593 $5,683 4.03%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 708 $282,040,000 $398,362 $5,438 4.04%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 917 $256,375,000 $279,580 $4,414 3.90%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 359 $234,035,000 $651,908 $7,175 4.08%
KNOXVILLE, TN (FHA|USDA|VA) 739 $232,865,000 $315,108 $4,649 3.58%
Key West, FL (FHA|USDA|VA) 284 $215,710,000 $759,542 $10,397 3.96%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 319 $177,305,000 $555,815 $4,704 3.70%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 324 $151,760,000 $468,395 $6,149 3.92%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 416 $114,090,000 $274,255 $4,368 4.08%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 440 $105,850,000 $240,568 $4,172 4.40%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 217 $94,995,000 $437,765 $6,789 3.65%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 178 $91,710,000 $515,225 $3,872 3.65%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 345 $91,485,000 $265,174 $4,723 3.41%
BATON ROUGE, LA (FHA|USDA|VA) 291 $87,195,000 $299,639 $4,827 3.75%
LAFAYETTE, LA (FHA|USDA|VA) 439 $77,045,000 $175,501 $5,034 3.82%
RALEIGH-CARY, NC (FHA|USDA|VA) 149 $72,095,000 $483,859 $4,300 3.55%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 231 $70,385,000 $304,697 $3,872 4.19%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 122 $69,470,000 $569,426 $6,783 3.72%
Outside of Metro Areas 303 $67,325,000 $222,195 $4,311 4.09%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 65 $64,535,000 $992,846 $9,004 3.99%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 102 $62,390,000 $611,667 $5,233 3.93%
JACKSON, MS (FHA|USDA|VA) 131 $51,555,000 $393,550 $4,701 4.39%
JACKSONVILLE, FL (FHA|USDA|VA) 72 $47,700,000 $662,500 $7,618 3.79%
HUNTSVILLE, AL (FHA|USDA|VA) 126 $46,680,000 $370,476 $4,025 4.03%
MOBILE, AL (FHA|USDA|VA) 110 $43,910,000 $399,182 $4,090 4.01%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 40 $42,490,000 $1,062,250 $9,012 4.12%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 117 $40,765,000 $348,419 $5,887 3.60%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 105 $37,985,000 $361,762 $7,139 3.53%
JOHNSON CITY, TN (FHA|USDA|VA) 145 $36,275,000 $250,172 $3,951 3.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 135 $35,185,000 $260,630 $3,385 5.18%
WINSTON-SALEM, NC (FHA|USDA|VA) 157 $32,915,000 $209,650 $3,886 3.83%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 21 $31,545,000 $1,502,143 $19,019 3.76%
LAKE CHARLES, LA (FHA|USDA|VA) 136 $30,510,000 $224,338 $4,180 3.97%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 107 $28,085,000 $262,477 $6,092 4.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 38 $26,490,000 $697,105 $5,890 3.82%
ASHEVILLE, NC (FHA|USDA|VA) 58 $25,310,000 $436,379 $4,609 3.80%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 111 $25,145,000 $226,532 $4,056 3.47%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $24,290,000 $2,024,167 $10,439 3.62%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 21 $20,925,000 $996,429 $6,477 4.03%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 33 $18,855,000 $571,364 $4,745 4.49%
Tullahoma-Manchester, TN (FHA|USDA|VA) 67 $18,585,000 $277,388 $5,292 4.39%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 82 $17,980,000 $219,268 $4,232 3.59%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 112 $17,560,000 $156,786 $3,522 3.54%
MORRISTOWN, TN (FHA|USDA|VA) 86 $17,480,000 $203,256 $3,500 3.27%
COLUMBIA, SC (FHA|USDA|VA) 49 $15,345,000 $313,163 $4,703 3.80%
Cookeville, TN (FHA|USDA|VA) 81 $15,045,000 $185,741 $4,825 3.31%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 22 $14,850,000 $675,000 $7,336 4.17%
PORT ST. LUCIE, FL (FHA|USDA|VA) 33 $14,605,000 $442,576 $6,543 3.87%
MONROE, LA (FHA|USDA|VA) 74 $13,610,000 $183,919 $4,394 4.28%
CLEVELAND, TN (FHA|USDA|VA) 58 $12,960,000 $223,448 $3,047 3.84%
WILMINGTON, NC (FHA|USDA|VA) 16 $12,510,000 $781,875 $4,757 3.90%
Sevierville, TN (FHA|USDA|VA) 36 $12,050,000 $334,722 $7,201 3.49%
Morgan City, LA (FHA|USDA|VA) 75 $11,525,000 $153,667 $5,030 4.49%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 22 $11,380,000 $517,273 $5,108 4.14%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 60 $10,850,000 $180,833 $5,897 4.01%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 16 $10,360,000 $647,500 $5,575 4.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 11 $10,175,000 $925,000 $10,793 3.94%
FAYETTEVILLE, NC (FHA|USDA|VA) 36 $9,530,000 $264,722 $6,223 3.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 17 $9,325,000 $548,529 $5,698 4.10%
Edwards, CO (FHA|USDA|VA) 4 $9,220,000 $2,305,000 $5,658 3.53%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 30 $8,840,000 $294,667 $4,821 3.76%
Cullowhee, NC (FHA|USDA|VA) 11 $8,515,000 $774,091 $9,124 3.63%
JACKSON, TN (FHA|USDA|VA) 41 $8,485,000 $206,951 $3,852 3.52%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $8,445,000 $938,333 $6,903 4.26%
JONESBORO, AR (FHA|USDA|VA) 50 $8,240,000 $164,800 $3,649 3.99%
Greeneville, TN (FHA|USDA|VA) 55 $8,155,000 $148,273 $4,930 3.40%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 27 $7,635,000 $282,778 $5,491 3.76%
BRUNSWICK, GA (FHA|USDA|VA) 5 $6,895,000 $1,379,000 $7,368 3.65%
RICHMOND, VA (FHA|USDA|VA) 11 $6,495,000 $590,455 $4,724 3.40%
Boone, NC (FHA|USDA|VA) 28 $6,490,000 $231,786 $3,201 3.51%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 15 $6,375,000 $425,000 $4,683 4.30%
Torrington, CT (FHA|USDA|VA) 4 $5,780,000 $1,445,000 $28,567 3.81%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 19 $5,705,000 $300,263 $4,687 3.83%
EL PASO, TX (FHA|USDA|VA) 12 $5,680,000 $473,333 $5,591 4.47%
Shelbyville, TN (FHA|USDA|VA) 23 $5,535,000 $240,652 $5,567 4.12%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $5,420,000 $677,500 $6,223 3.78%
PUNTA GORDA, FL (FHA|USDA|VA) 20 $4,940,000 $247,000 $6,032 3.75%
GAINESVILLE, GA (FHA|USDA|VA) 7 $4,875,000 $696,429 $5,862 3.46%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 4 $4,860,000 $1,215,000 $24,554 4.56%
ROANOKE, VA (FHA|USDA|VA) 23 $4,725,000 $205,435 $3,838 3.44%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $4,725,000 $675,000 $8,571 4.36%
SPARTANBURG, SC (FHA|USDA|VA) 19 $4,295,000 $226,053 $4,597 3.37%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 13 $4,255,000 $327,308 $8,858 4.20%
CORPUS CHRISTI, TX (FHA|USDA|VA) 9 $4,135,000 $459,444 $6,196 4.28%
GAINESVILLE, FL (FHA|USDA|VA) 8 $3,890,000 $486,250 $5,922 4.33%
BURLINGTON, NC (FHA|USDA|VA) 26 $3,870,000 $148,846 $4,759 3.37%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 11 $3,865,000 $351,364 $5,046 4.55%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 8 $3,840,000 $480,000 $6,195 4.00%
McMinnville, TN (FHA|USDA|VA) 17 $3,765,000 $221,471 $4,805 4.37%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $3,610,000 $601,667 $4,879 4.71%
HOT SPRINGS, AR (FHA|USDA|VA) 8 $3,490,000 $436,250 $3,577 5.08%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $3,460,000 $432,500 $6,493 5.00%
NEW BERN, NC (FHA|USDA|VA) 3 $3,355,000 $1,118,333 $2,738 3.72%
Oxford, MS (FHA|USDA|VA) 9 $3,175,000 $352,778 $4,125 3.94%
Crossville, TN (FHA|USDA|VA) 6 $3,160,000 $526,667 $4,966 4.48%
KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $3,085,000 $440,714 $3,835 4.80%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $2,985,000 $995,000 $7,761 3.17%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $2,795,000 $931,667 $6,399 4.17%
Lewisburg, TN (FHA|USDA|VA) 15 $2,715,000 $181,000 $4,998 3.99%
PANAMA CITY, FL (FHA|USDA|VA) 7 $2,695,000 $385,000 $6,729 3.80%
Jackson, WY-ID (FHA|USDA|VA) 1 $2,645,000 $2,645,000 $9,767 4.88%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $2,610,000 $1,305,000 $9,791 5.39%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 8 $2,600,000 $325,000 $4,524 4.20%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,535,000 $507,000 $3,903 4.68%
TALLAHASSEE, FL (FHA|USDA|VA) 5 $2,525,000 $505,000 $7,705 3.73%
Lawrenceburg, TN (FHA|USDA|VA) 22 $2,380,000 $108,182 $2,764 3.29%
THE VILLAGES, FL (FHA|USDA|VA) 8 $2,310,000 $288,750 $4,298 5.02%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $2,295,000 $765,000 $5,082 4.33%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $2,290,000 $572,500 $9,183 5.47%
Ellensburg, WA (FHA|USDA|VA) 2 $2,290,000 $1,145,000 $5,690 2.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $2,270,000 $378,333 $5,608 5.38%
North Wilkesboro, NC (FHA|USDA|VA) 14 $2,220,000 $158,571 $4,412 3.36%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 5 $2,165,000 $433,000 $6,959 4.40%
Seneca, SC (FHA|USDA|VA) 3 $2,145,000 $715,000 $4,460 3.25%
JACKSONVILLE, NC (FHA|USDA|VA) 5 $2,145,000 $429,000 $8,199 5.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $2,085,000 $695,000 $4,252 3.13%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $2,020,000 $1,010,000 $5,818 3.13%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $62,153 3.13%
Fredericksburg, TX (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $12,778 5.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,990,000 $497,500 $6,662 4.72%
Opelousas, LA (FHA|USDA|VA) 14 $1,960,000 $140,000 $2,598 3.50%
DECATUR, AL (FHA|USDA|VA) 6 $1,880,000 $313,333 $4,348 4.58%
HAMMOND, LA (FHA|USDA|VA) 8 $1,860,000 $232,500 $4,792 5.06%
BOWLING GREEN, KY (FHA|USDA|VA) 4 $1,840,000 $460,000 $5,671 4.91%
Breckenridge, CO (FHA|USDA|VA) 2 $1,840,000 $920,000 $6,549 5.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $1,810,000 $452,500 $5,278 3.88%
GREENVILLE, NC (FHA|USDA|VA) 5 $1,805,000 $361,000 $3,756 4.03%
Albertville, AL (FHA|USDA|VA) 5 $1,805,000 $361,000 $3,702 3.20%
Glenwood Springs, CO (FHA|USDA|VA) 1 $1,765,000 $1,765,000 $0 3.95%
TYLER, TX (FHA|USDA|VA) 3 $1,725,000 $575,000 $3,044 3.24%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $1,705,000 $568,333 $4,491 4.21%
Whitewater, WI (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $5,336 2.63%
Georgetown, SC (FHA|USDA|VA) 3 $1,685,000 $561,667 $7,533 2.82%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $1,680,000 $420,000 $3,604 5.41%
Mount Airy, NC (FHA|USDA|VA) 19 $1,665,000 $87,632 $3,006 4.33%
SAVANNAH, GA (FHA|USDA|VA) 6 $1,650,000 $275,000 $4,595 4.21%
Fort Polk South, LA (FHA|USDA|VA) 1 $1,595,000 $1,595,000 $0 3.85%
DALTON, GA (FHA|USDA|VA) 8 $1,580,000 $197,500 $3,334 4.26%
SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $1,535,000 $307,000 $4,818 4.77%
MONTGOMERY, AL (FHA|USDA|VA) 6 $1,530,000 $255,000 $3,310 4.58%
BOISE CITY, ID (FHA|USDA|VA) 3 $1,425,000 $475,000 $6,929 3.88%
SANTA FE, NM (FHA|USDA|VA) 2 $1,420,000 $710,000 $4,825 4.63%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $1,415,000 $471,667 $6,950 4.41%
Roanoke Rapids, NC (FHA|USDA|VA) 2 $1,390,000 $695,000 $4,339 3.37%
TEXARKANA, TX-AR (FHA|USDA|VA) 3 $1,355,000 $451,667 $4,605 4.63%
Paragould, AR (FHA|USDA|VA) 9 $1,345,000 $149,444 $3,037 3.37%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $1,340,000 $670,000 $6,812 3.75%
Sanford, NC (FHA|USDA|VA) 10 $1,340,000 $134,000 $3,383 4.28%
DeRidder, LA (FHA|USDA|VA) 7 $1,325,000 $189,286 $3,233 3.57%
Kill Devil Hills, NC (FHA|USDA|VA) 3 $1,325,000 $441,667 $4,337 4.88%
Newport, TN (FHA|USDA|VA) 13 $1,255,000 $96,538 $2,945 3.34%
ROME, GA (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $7,212 4.25%
Athens, TN (FHA|USDA|VA) 6 $1,180,000 $196,667 $3,363 4.98%
HATTIESBURG, MS (FHA|USDA|VA) 4 $1,170,000 $292,500 $3,529 3.31%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,150,000 $287,500 $5,996 5.16%
ANN ARBOR, MI (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $5,167 5.00%
Ruston, LA (FHA|USDA|VA) 5 $1,105,000 $221,000 $3,970 5.25%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,932 4.06%
Brevard, NC (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,534 4.38%
OCALA, FL (FHA|USDA|VA) 7 $1,035,000 $147,857 $6,494 4.27%
PROVO-OREM, UT (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,898 4.31%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $990,000 $495,000 $5,565 3.93%
PITTSFIELD, MA (FHA|USDA|VA) 1 $975,000 $975,000 $8,221 3.00%
FLORENCE, SC (FHA|USDA|VA) 2 $930,000 $465,000 $4,078 5.31%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $920,000 $460,000 $3,982 4.56%
AKRON, OH (FHA|USDA|VA) 4 $890,000 $222,500 $3,822 5.09%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $890,000 $445,000 $3,944 4.44%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $890,000 $445,000 $3,714 4.19%
LUBBOCK, TX (FHA|USDA|VA) 2 $870,000 $435,000 $6,028 4.31%
PITTSBURGH, PA (FHA|USDA|VA) 2 $870,000 $435,000 $3,736 5.81%
TOLEDO, OH (FHA|USDA|VA) 2 $860,000 $430,000 $7,893 6.81%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $845,000 $281,667 $5,462 4.12%
Paris, TN (FHA|USDA|VA) 1 $835,000 $835,000 $5,298 5.38%
LYNCHBURG, VA (FHA|USDA|VA) 4 $810,000 $202,500 $3,521 3.34%
St. Marys, GA (FHA|USDA|VA) 2 $810,000 $405,000 $3,457 5.31%
Bozeman, MT (FHA|USDA|VA) 1 $805,000 $805,000 $4,113 4.63%
Cullman, AL (FHA|USDA|VA) 2 $790,000 $395,000 $5,621 3.00%
Rockingham, NC (FHA|USDA|VA) 4 $780,000 $195,000 $6,523 5.36%
Barre, VT (FHA|USDA|VA) 1 $755,000 $755,000 $9,189 4.63%
Martinsville, VA (FHA|USDA|VA) 10 $750,000 $75,000 $5,096 3.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $730,000 $365,000 $5,861 4.44%
Marion, NC (FHA|USDA|VA) 3 $715,000 $238,333 $3,792 3.74%
Athens, TX (FHA|USDA|VA) 2 $710,000 $355,000 $7,031 3.75%
TUCSON, AZ (FHA|USDA|VA) 2 $690,000 $345,000 $5,714 4.69%
Martin, TN (FHA|USDA|VA) 4 $680,000 $170,000 $3,306 3.02%
Calhoun, GA (FHA|USDA|VA) 2 $670,000 $335,000 $3,924 3.37%
Dayton, TN (FHA|USDA|VA) 2 $660,000 $330,000 $4,802 2.93%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $645,000 $645,000 $4,786 5.88%
Albemarle, NC (FHA|USDA|VA) 2 $640,000 $320,000 $2,950 3.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $635,000 $211,667 $5,285 4.92%
Huntsville, TX (FHA|USDA|VA) 1 $625,000 $625,000 $6,852 5.38%
Malvern, AR (FHA|USDA|VA) 3 $595,000 $198,333 $2,592 4.58%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $585,000 $585,000 $3,934 3.88%
Morehead City, NC (FHA|USDA|VA) 1 $585,000 $585,000 $4,531 5.75%
SAN ANGELO, TX (FHA|USDA|VA) 1 $575,000 $575,000 $6,000 4.75%
Concord, NH (FHA|USDA|VA) 1 $555,000 $555,000 $3,591 4.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $550,000 $275,000 $5,632 4.31%
FARGO, ND-MN (FHA|USDA|VA) 1 $545,000 $545,000 $6,173 5.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $540,000 $270,000 $5,154 3.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $530,000 $265,000 $5,342 5.19%
Searcy, AR (FHA|USDA|VA) 4 $530,000 $132,500 $3,802 5.38%
APPLETON, WI (FHA|USDA|VA) 1 $525,000 $525,000 $3,453 5.38%
Scottsboro, AL (FHA|USDA|VA) 2 $520,000 $260,000 $5,438 4.94%
Thomasville, GA (FHA|USDA|VA) 1 $515,000 $515,000 $4,932 5.13%
LOUISVILLE, KY (FHA|USDA|VA) 2 $510,000 $255,000 $3,096 6.81%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 4 $510,000 $127,500 $8,992 2.78%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $505,000 $505,000 $2,621 5.50%
ABILENE, TX (FHA|USDA|VA) 1 $495,000 $495,000 $6,042 4.75%
RENO, NV (FHA|USDA|VA) 1 $495,000 $495,000 $4,336 4.38%
Forest City, NC (FHA|USDA|VA) 2 $480,000 $240,000 $4,638 5.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $465,000 $465,000 $2,210 4.88%
Orangeburg, SC (FHA|USDA|VA) 2 $450,000 $225,000 $5,228 4.25%
ELMIRA, NY (FHA|USDA|VA) 1 $445,000 $445,000 $6,840 6.50%
Bogalusa, LA (FHA|USDA|VA) 2 $440,000 $220,000 $7,638 4.38%
Alexander City, AL (FHA|USDA|VA) 2 $440,000 $220,000 $5,700 5.59%
Clewiston, FL (FHA|USDA|VA) 3 $435,000 $145,000 $7,302 2.38%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $425,000 $425,000 $17,926 2.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $415,000 $415,000 $3,624 6.00%
WICHITA, KS (FHA|USDA|VA) 1 $415,000 $415,000 $3,984 5.75%
WENATCHEE, WA (FHA|USDA|VA) 1 $415,000 $415,000 $5,090 6.63%
Palatka, FL (FHA|USDA|VA) 3 $415,000 $138,333 $8,247 2.67%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $405,000 $405,000 $4,503 4.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $395,000 $395,000 $2,843 4.25%
Helena, MT (FHA|USDA|VA) 1 $395,000 $395,000 $7,225 3.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $385,000 $385,000 $4,173 3.88%
Starkville, MS (FHA|USDA|VA) 2 $380,000 $190,000 $3,816 4.75%
Fort Payne, AL (FHA|USDA|VA) 2 $380,000 $190,000 $4,517 4.94%
Batesville, AR (FHA|USDA|VA) 3 $375,000 $125,000 $2,754 3.59%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $370,000 $185,000 $3,302 5.06%
Vidalia, GA (FHA|USDA|VA) 1 $365,000 $365,000 $4,625 5.38%
Atmore, AL (FHA|USDA|VA) 1 $365,000 $365,000 $4,393 4.00%
Okeechobee, FL (FHA|USDA|VA) 1 $365,000 $365,000 $14,382 5.25%
MANKATO, MN (FHA|USDA|VA) 1 $355,000 $355,000 $3,578 5.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $335,000 $335,000 $4,035 5.13%
YAKIMA, WA (FHA|USDA|VA) 1 $335,000 $335,000 $3,464 5.00%
Bonham, TX (FHA|USDA|VA) 1 $335,000 $335,000 $0 2.99%
Statesboro, GA (FHA|USDA|VA) 1 $315,000 $315,000 $10,226 4.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $315,000 $315,000 $8,034 3.38%
Tupelo, MS (FHA|USDA|VA) 2 $310,000 $155,000 $5,045 4.81%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,428 4.13%
BINGHAMTON, NY (FHA|USDA|VA) 1 $305,000 $305,000 $4,879 7.13%
LINCOLN, NE (FHA|USDA|VA) 1 $305,000 $305,000 $7,152 3.50%
Clarksburg, WV (FHA|USDA|VA) 1 $305,000 $305,000 $10,033 3.75%
GOLDSBORO, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,875 4.75%
WACO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,447 5.38%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $265,000 $265,000 $3,588 4.00%
LAWTON, OK (FHA|USDA|VA) 1 $265,000 $265,000 $3,599 4.38%
TULSA, OK (FHA|USDA|VA) 2 $260,000 $130,000 $4,533 4.31%
El Dorado, AR (FHA|USDA|VA) 2 $250,000 $125,000 $3,873 4.87%
MORGANTOWN, WV (FHA|USDA|VA) 1 $245,000 $245,000 $3,821 6.38%
Lake City, FL (FHA|USDA|VA) 1 $245,000 $245,000 $6,537 5.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $245,000 $245,000 $4,312 6.25%
Enterprise, AL (FHA|USDA|VA) 1 $245,000 $245,000 $4,241 2.50%
Glasgow, KY (FHA|USDA|VA) 1 $235,000 $235,000 $3,343 5.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $225,000 $225,000 $6,307 6.50%
OWENSBORO, KY (FHA|USDA|VA) 1 $225,000 $225,000 $5,347 5.13%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,019 5.00%
ODESSA, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,505 4.75%
Heber, UT (FHA|USDA|VA) 1 $215,000 $215,000 $3,058 3.00%
Zanesville, OH (FHA|USDA|VA) 1 $215,000 $215,000 $5,402 4.63%
Jefferson, GA (FHA|USDA|VA) 2 $210,000 $105,000 $0 2.99%
VALDOSTA, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.99%
Jennings, LA (FHA|USDA|VA) 3 $205,000 $68,333 $3,688 4.46%
El Campo, TX (FHA|USDA|VA) 1 $205,000 $205,000 $6,216 3.00%
MIDLAND, MI (FHA|USDA|VA) 1 $195,000 $195,000 $5,412 5.75%
Murray, KY (FHA|USDA|VA) 1 $185,000 $185,000 $2,995 3.38%
Union City, TN (FHA|USDA|VA) 1 $185,000 $185,000 $7,671 6.50%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $185,000 $185,000 $9,450 3.88%
Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,179 5.50%
Hudson, NY (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.25%
Picayune, MS (FHA|USDA|VA) 1 $165,000 $165,000 $3,095 6.13%
Henderson, NC (FHA|USDA|VA) 1 $165,000 $165,000 $5,050 5.50%
DOTHAN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,215 2.63%
Mountain Home, AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,408 2.63%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,823 5.13%
Jesup, GA (FHA|USDA|VA) 3 $135,000 $45,000 $0 2.99%
CHARLESTON, WV (FHA|USDA|VA) 1 $125,000 $125,000 $7,203 5.63%
Quincy, IL-MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,193 6.13%
LONGVIEW, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
Shawnee, OK (FHA|USDA|VA) 1 $55,000 $55,000 $2,939 7.50%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.99%
First Horizon Bank's top markets include Nashville, Miami, Dallas, New York, and Atlanta among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,973 $4,738,335,000 $594,298 $5,727 4.38%
    HELOC 6,027 $1,298,075,000 $215,377 n/a 3.13%
    FHA 306 $79,940,000 $261,242 $9,049 4.83%
    VA 260 $102,240,000 $393,231 $8,683 4.41%
    USDA 83 $16,515,000 $198,976 $5,863 4.39%

    For 2022, First Horizon Bank's most frequently originated type of loan was Conventional, with 7,973 originations. Their 2nd most popular type was HELOC, with 6,027 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,789 $3,961,065,000 $583,453 $6,266 4.47%
    Home Improvement 3,060 $529,960,000 $173,190 $2,503 3.11%
    Refi 2,702 $986,750,000 $365,192 $4,650 3.44%
    Other 1,271 $403,575,000 $317,526 $5,882 3.34%
    Cash Out Refi 827 $353,755,000 $427,757 $5,213 4.06%

    For 2022, First Horizon Bank's most frequently cited loan purpose was Home Purchase, with 6,789 originations. The 2nd most popular reason was Home Improvement, with 3,060 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 13,184 $5,541,380,000 $420,311 $6,223 3.90%
    15 Year 698 $277,680,000 $397,822 $4,369 3.47%
    Other 398 $93,850,000 $235,804 $2,375 3.18%
    20 Year 202 $58,070,000 $287,475 $2,628 4.72%
    10 Year 121 $50,445,000 $416,901 $2,072 4.30%
    5 Year 37 $199,865,000 $5,401,757 $299 4.30%
    3 Year 4 $8,220,000 $2,055,000 $0 3.03%
    30+ year 3 $5,275,000 $1,758,333 $16,524 4.58%
    1 Year 2 $320,000 $160,000 $0 4.71%

    For 2022, First Horizon Bank's most frequently cited loan duration was 30 Year, with 13,184 originations. The 2nd most popular length was 15 Year, with 698 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,415 $2,749,715,000 $622,812
    $<1k 2,350 $962,280,000 $409,481
    $2k-3k 641 $318,365,000 $496,669
    $5k+ 597 $443,975,000 $743,677
    $3k-4k 343 $109,525,000 $319,315
    $4k-5k 200 $81,690,000 $408,450

    First Horizon Bank's average total fees were $6,223, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,415 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 6,345 $1,686,935,000 $265,868
    3-4% 2,619 $1,548,435,000 $591,231
    4-5% 2,570 $1,587,410,000 $617,669
    5-6% 2,069 $858,155,000 $414,768
    6-7% 609 $162,805,000 $267,332
    <2.5% 324 $359,460,000 $1,109,444
    7-8% 98 $31,280,000 $319,184
    Over 8% 15 $625,000 $41,667

    During 2022, First Horizon Bank's average interest rate for loans was 3.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 6,345 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,201 $1,191,575,000 $283,641 $4,894 4.12%
    $100k-200k 3,032 $434,700,000 $143,371 $3,814 3.77%
    $100,000 or less 2,606 $149,090,000 $57,210 $2,438 3.40%
    $400k-600k 1,985 $968,885,000 $488,103 $5,833 4.11%
    $600k-1MM 1,549 $1,170,695,000 $755,775 $6,982 3.99%
    $1MM+ 1,276 $2,320,160,000 $1,818,307 $11,348 3.82%

    2022 saw First Horizon Bank place emphasis on $200k-400k loans with 4,201 originations, totaling $1,191,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4,040 $3,063,400,000 $758,267 $7,557 3.75%
    $150k-250k 2,809 $1,004,085,000 $357,453 $5,599 3.79%
    $100k-150k 2,570 $660,080,000 $256,840 $5,273 3.91%
    $50k-75k 1,901 $321,355,000 $169,045 $4,515 4.06%
    $75k-100k 1,587 $324,715,000 $204,609 $5,057 3.97%
    $50k or less 1,311 $170,365,000 $129,950 $3,863 4.05%

    First Horizon Bank lent most frequently to those with incomes in the $250k+ range, with 4,040 originations. The second most popular income band? $150k-250k, with 2,809 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,626 $1,356,440,000 $374,087 $5,529 3.69%
    30-36% 2,647 $990,195,000 $374,082 $5,374 3.88%
    <20% 2,306 $888,400,000 $385,256 $5,733 3.47%
    38% 558 $215,240,000 $385,735 $5,853 3.89%
    37% 498 $184,900,000 $371,285 $5,593 3.94%
    39% 498 $176,160,000 $353,735 $5,902 3.93%
    41% 488 $208,810,000 $427,889 $5,918 4.09%
    42% 484 $229,280,000 $473,719 $5,731 4.25%
    36% 476 $187,180,000 $393,235 $5,771 3.97%
    40% 469 $183,595,000 $391,461 $6,005 4.15%
    43% 341 $130,615,000 $383,035 $5,390 4.43%
    44% 310 $108,530,000 $350,097 $5,478 4.46%
    50-60% 304 $177,640,000 $584,342 $9,134 4.12%
    45% 244 $88,380,000 $362,213 $5,681 4.52%
    49% 238 $81,220,000 $341,261 $5,935 4.54%
    48% 198 $75,300,000 $380,303 $6,087 4.52%
    46% 190 $68,630,000 $361,211 $5,579 4.47%
    >60% 187 $123,235,000 $659,011 $7,037 3.90%
    47% 182 $81,430,000 $447,418 $6,396 4.43%

    First Horizon Bank lent most frequently to those with DTI ratios of 20-30%, with 3,626 originations. The next most common DTI ratio? 30-36%, with 2,647 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,350 $4,488,030,000 $395,421 $5,823 3.86%
    Not provided 1,580 $739,530,000 $468,057 $6,514 3.71%
    Asian 671 $419,045,000 $624,508 $6,886 4.02%
    Not applicable 71 $275,225,000 $3,876,408 $13,318 4.13%
    Black 872 $271,430,000 $311,273 $5,515 4.27%
    American Indian 50 $23,340,000 $466,800 $7,168 4.15%
    Asian Indian 23 $8,385,000 $364,565 $6,379 3.40%
    Native Hawaiian or Islander 13 $4,335,000 $333,462 $4,911 3.50%
    Other Asian 10 $2,750,000 $275,000 $2,347 3.50%
    Chinese 5 $1,745,000 $349,000 $5,739 3.28%
    Filipino 2 $840,000 $420,000 $5,464 5.63%
    Korean 1 $275,000 $275,000 $4,162 6.75%
    Vietnamese 1 $175,000 $175,000 $0 3.01%

    Approval Rates

    Total approvals of all applications
    80.44%

    First Horizon Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.16%

    First Horizon Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 14,649 $6,235,105,000 $425,633

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    14,649 $6,235,105,000 $425,633

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,765 $725,115,000 $262,248 $4,601 3.29%
    40-60% 1,841 $977,775,000 $531,111 $5,696 3.61%
    60-80% 2,900 $1,675,950,000 $577,914 $6,269 4.18%
    80-100% 4,559 $2,527,555,000 $554,410 $6,007 4.51%
    Over 100% 72 $32,050,000 $445,139 $13,597 4.27%
    Under 20% 2,505 $284,225,000 $113,463 $1,775 3.22%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%