First Horizon Bank Mortgage Rates, Fees & Info

Memphis, TN

LEI: COOWI3L2W9TPYR3WJX37

Tax ID: 62-0201385

4.5 stars - Updated: 4/5/25 - out of 5 stars, based on 88 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Atlanta, and New Orleans among others. We have data for 247 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 a low 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 relatively high 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) 7.06% 4/5/25
    30 Year Conventional Purchase 6.81% 4/5/25
    30 Year Conventional Refi 6.69% 4/5/25
    30 Year Cash-out Refi 7.00% 4/5/25
    30 Year FHA Purchase 7.20% 4/5/25
    30 Year FHA Refi 7.06% 4/5/25
    30 Year VA Purchase 6.30% 4/5/25
    30 Year VA Refi 6.50% 4/5/25
    30 Year USDA Purchase 6.90% 4/5/25
    15 Year Conventional Purchase 6.21% 4/5/25
    15 Year Conventional Refi 6.93% 4/5/25
    15 Year Cash-out Refi 6.93% 4/5/25
    15 Year VA Purchase 6.40% 4/5/25
    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

    7,808

    Origination Dollar Volume (All Markets)

    $3,334,040,000
    Show all (33) awards

    Relative Rate

    First Horizon Bank's average 30 year fixed mortgage rate was 7.35%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.8%.

    Relative Fees (Closing Costs)

    First Horizon Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,428.

    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 $8,356.

    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) 814 $347,800,000 $427,273 $6,155 7.55%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 338 $316,310,000 $935,828 $9,305 7.44%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 385 $268,005,000 $696,117 $8,234 6.87%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 361 $241,125,000 $667,936 $6,839 7.19%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 404 $168,130,000 $416,163 $6,336 7.09%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 222 $161,590,000 $727,883 $8,894 6.78%
    KNOXVILLE, TN (FHA|USDA|VA) 448 $140,690,000 $314,040 $4,917 7.80%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 560 $138,290,000 $246,946 $4,762 7.59%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 192 $110,510,000 $575,573 $6,990 6.93%
    Key West, FL (FHA|USDA|VA) 135 $77,575,000 $574,630 $11,915 6.67%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 146 $68,210,000 $467,192 $5,057 7.55%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 251 $65,695,000 $261,733 $4,529 6.94%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 114 $61,860,000 $542,632 $8,338 7.61%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 180 $51,360,000 $285,333 $5,403 7.86%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 149 $47,855,000 $321,174 $5,824 6.89%
    BATON ROUGE, LA (FHA|USDA|VA) 152 $44,920,000 $295,526 $5,660 7.78%
    LAFAYETTE, LA (FHA|USDA|VA) 219 $43,375,000 $198,059 $5,074 7.23%
    Outside of Metro Areas 198 $41,250,000 $208,333 $4,413 7.57%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 128 $40,040,000 $312,813 $4,647 7.24%
    JACKSONVILLE, FL (FHA|USDA|VA) 61 $39,845,000 $653,197 $6,994 7.36%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 121 $36,005,000 $297,562 $3,894 6.72%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 34 $32,440,000 $954,118 $6,319 7.36%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 53 $29,365,000 $554,057 $4,930 7.22%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 58 $28,040,000 $483,448 $7,157 7.61%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 37 $26,035,000 $703,649 $8,753 7.82%
    RALEIGH-CARY, NC (FHA|USDA|VA) 57 $26,035,000 $456,754 $5,238 7.82%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 14 $25,060,000 $1,790,000 $10,162 6.94%
    JACKSON, MS (FHA|USDA|VA) 70 $24,210,000 $345,857 $4,639 6.78%
    JOHNSON CITY, TN (FHA|USDA|VA) 90 $23,290,000 $258,778 $4,235 7.93%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 86 $22,740,000 $264,419 $4,723 7.70%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 79 $21,345,000 $270,190 $4,794 8.11%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 62 $21,330,000 $344,032 $7,267 7.32%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 33 $21,215,000 $642,879 $5,505 6.88%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 17 $20,605,000 $1,212,059 $8,031 7.56%
    WINSTON-SALEM, NC (FHA|USDA|VA) 107 $20,435,000 $190,981 $4,570 8.37%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 24 $19,880,000 $828,333 $9,006 6.84%
    HUNTSVILLE, AL (FHA|USDA|VA) 42 $19,360,000 $460,952 $7,470 6.72%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 49 $15,905,000 $324,592 $6,481 5.99%
    LAKE CHARLES, LA (FHA|USDA|VA) 81 $14,235,000 $175,741 $7,742 7.35%
    MOBILE, AL (FHA|USDA|VA) 43 $13,905,000 $323,372 $4,365 7.58%
    JONESBORO, AR (FHA|USDA|VA) 61 $12,905,000 $211,557 $4,746 7.32%
    Sevierville, TN (FHA|USDA|VA) 36 $12,640,000 $351,111 $7,047 7.62%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 67 $12,305,000 $183,657 $3,767 8.36%
    COLUMBIA, SC (FHA|USDA|VA) 26 $11,210,000 $431,154 $4,934 7.15%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 17 $11,145,000 $655,588 $8,241 6.76%
    ASHEVILLE, NC (FHA|USDA|VA) 27 $11,105,000 $411,296 $5,890 7.68%
    BRUNSWICK, GA (FHA|USDA|VA) 12 $10,510,000 $875,833 $7,501 7.16%
    North Wilkesboro, NC (FHA|USDA|VA) 8 $10,080,000 $1,260,000 $5,205 7.60%
    FAYETTEVILLE, NC (FHA|USDA|VA) 34 $9,040,000 $265,882 $5,786 6.93%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 14 $8,750,000 $625,000 $6,920 6.51%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 47 $8,705,000 $185,213 $4,594 8.17%
    MORRISTOWN, TN (FHA|USDA|VA) 49 $8,655,000 $176,633 $4,105 7.96%
    WILMINGTON, NC (FHA|USDA|VA) 11 $8,035,000 $730,455 $4,444 6.53%
    JACKSON, TN (FHA|USDA|VA) 36 $7,250,000 $201,389 $5,590 7.79%
    Cookeville, TN (FHA|USDA|VA) 32 $7,050,000 $220,313 $5,865 8.04%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 12 $6,950,000 $579,167 $7,214 6.87%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 11 $6,695,000 $608,636 $7,751 7.15%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $6,670,000 $1,111,667 $8,060 6.60%
    Morgan City, LA (FHA|USDA|VA) 43 $5,795,000 $134,767 $5,383 7.21%
    Boone, NC (FHA|USDA|VA) 16 $5,740,000 $358,750 $4,160 7.87%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $5,515,000 $612,778 $6,268 7.14%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 12 $5,510,000 $459,167 $4,590 7.08%
    MONROE, LA (FHA|USDA|VA) 25 $5,195,000 $207,800 $5,776 7.10%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $5,045,000 $1,009,000 $10,053 6.60%
    Greeneville, TN (FHA|USDA|VA) 32 $4,790,000 $149,688 $3,567 8.07%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 15 $4,775,000 $318,333 $5,265 7.98%
    RICHMOND, VA (FHA|USDA|VA) 7 $4,745,000 $677,857 $7,003 7.13%
    GAINESVILLE, FL (FHA|USDA|VA) 6 $4,720,000 $786,667 $7,397 6.56%
    Seneca, SC (FHA|USDA|VA) 3 $4,635,000 $1,545,000 $5,873 7.35%
    TUSCALOOSA, AL (FHA|USDA|VA) 5 $4,455,000 $891,000 $3,649 7.62%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $4,235,000 $847,000 $8,380 7.08%
    Georgetown, SC (FHA|USDA|VA) 4 $3,920,000 $980,000 $5,649 6.56%
    SAVANNAH, GA (FHA|USDA|VA) 7 $3,765,000 $537,857 $5,515 7.74%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 6 $3,720,000 $620,000 $3,978 7.50%
    Heber, UT (FHA|USDA|VA) 2 $3,670,000 $1,835,000 $6,027 8.13%
    CLEVELAND, TN (FHA|USDA|VA) 25 $3,665,000 $146,600 $3,289 8.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 17 $3,605,000 $212,059 $6,049 6.93%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $3,505,000 $701,000 $5,180 6.60%
    SPARTANBURG, SC (FHA|USDA|VA) 13 $3,215,000 $247,308 $6,277 7.40%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $3,210,000 $535,000 $5,882 7.13%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 15 $3,095,000 $206,333 $5,591 7.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $3,075,000 $615,000 $3,768 7.18%
    GAINESVILLE, GA (FHA|USDA|VA) 5 $2,965,000 $593,000 $5,942 6.70%
    ROME, GA (FHA|USDA|VA) 3 $2,865,000 $955,000 $5,464 7.38%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $2,695,000 $2,695,000 $10,433 6.38%
    OCALA, FL (FHA|USDA|VA) 7 $2,565,000 $366,429 $7,207 7.43%
    HOT SPRINGS, AR (FHA|USDA|VA) 4 $2,510,000 $627,500 $4,004 7.38%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $2,375,000 $791,667 $8,121 7.46%
    ANN ARBOR, MI (FHA|USDA|VA) 3 $2,365,000 $788,333 $0 6.33%
    LUBBOCK, TX (FHA|USDA|VA) 4 $2,320,000 $580,000 $6,131 6.72%
    Oxford, MS (FHA|USDA|VA) 7 $2,285,000 $326,429 $4,883 7.29%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $2,165,000 $433,000 $4,356 7.13%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $2,140,000 $535,000 $4,698 7.70%
    Alexander City, AL (FHA|USDA|VA) 3 $2,115,000 $705,000 $3,302 7.38%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $2,090,000 $1,045,000 $6,560 7.13%
    BURLINGTON, NC (FHA|USDA|VA) 22 $1,940,000 $88,182 $3,519 8.58%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,875,000 $625,000 $5,827 6.13%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,740,000 $870,000 $5,148 7.00%
    Bozeman, MT (FHA|USDA|VA) 2 $1,700,000 $850,000 $6,616 6.94%
    ROANOKE, VA (FHA|USDA|VA) 16 $1,700,000 $106,250 $0 9.36%
    Athens, TN (FHA|USDA|VA) 8 $1,690,000 $211,250 $6,147 8.73%
    PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,685,000 $337,000 $5,342 7.08%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $9,940 6.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,640,000 $410,000 $6,364 7.06%
    TULSA, OK (FHA|USDA|VA) 3 $1,595,000 $531,667 $5,986 6.96%
    HAMMOND, LA (FHA|USDA|VA) 4 $1,590,000 $397,500 $6,770 6.70%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,565,000 $521,667 $4,315 6.58%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,540,000 $770,000 $12,398 6.25%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $1,415,000 $1,415,000 $7,053 7.50%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $7,524 8.13%
    Martinsville, VA (FHA|USDA|VA) 18 $1,400,000 $77,778 $3,851 8.32%
    Pearsall, TX (FHA|USDA|VA) 1 $1,375,000 $1,375,000 $13,756 6.25%
    Cullman, AL (FHA|USDA|VA) 4 $1,370,000 $342,500 $4,538 6.88%
    Cullowhee, NC (FHA|USDA|VA) 5 $1,365,000 $273,000 $5,128 7.57%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $1,360,000 $340,000 $7,074 7.53%
    Opelousas, LA (FHA|USDA|VA) 7 $1,325,000 $189,286 $4,260 8.39%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $1,285,000 $428,333 $6,550 7.08%
    Lawrenceburg, TN (FHA|USDA|VA) 15 $1,215,000 $81,000 $3,365 8.45%
    COLUMBUS, OH (FHA|USDA|VA) 2 $1,190,000 $595,000 $5,285 6.63%
    SANTA FE, NM (FHA|USDA|VA) 2 $1,140,000 $570,000 $5,728 7.13%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $1,125,000 $375,000 $9,305 7.61%
    Albertville, AL (FHA|USDA|VA) 2 $1,110,000 $555,000 $3,836 6.56%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $1,035,000 $345,000 $7,740 7.21%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,030,000 $515,000 $3,695 6.63%
    MONTGOMERY, AL (FHA|USDA|VA) 4 $1,010,000 $252,500 $3,253 6.63%
    ABILENE, TX (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $10,331 6.50%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $1,005,000 $335,000 $4,857 6.33%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 7.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $1,005,000 $335,000 $5,742 8.32%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $965,000 $321,667 $5,207 7.89%
    Paragould, AR (FHA|USDA|VA) 5 $965,000 $193,000 $4,346 6.78%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $960,000 $480,000 $3,721 6.38%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $855,000 $855,000 $4,680 4.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 4 $850,000 $212,500 $5,055 7.31%
    Ruston, LA (FHA|USDA|VA) 8 $820,000 $102,500 $4,480 7.29%
    DECATUR, AL (FHA|USDA|VA) 3 $815,000 $271,667 $5,518 6.67%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $805,000 $805,000 $8,407 6.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $780,000 $390,000 $8,221 7.19%
    THE VILLAGES, FL (FHA|USDA|VA) 4 $780,000 $195,000 $7,593 5.00%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $765,000 $765,000 $5,262 6.00%
    Brenham, TX (FHA|USDA|VA) 1 $745,000 $745,000 $7,393 7.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $725,000 $725,000 $5,586 6.38%
    VALDOSTA, GA (FHA|USDA|VA) 1 $715,000 $715,000 $5,736 6.50%
    Uvalde, TX (FHA|USDA|VA) 1 $715,000 $715,000 $11,091 7.63%
    TYLER, TX (FHA|USDA|VA) 2 $710,000 $355,000 $5,019 6.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $700,000 $350,000 $5,083 6.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $695,000 $695,000 $16,539 6.38%
    LYNCHBURG, VA (FHA|USDA|VA) 4 $690,000 $172,500 $4,495 7.60%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $665,000 $665,000 $4,717 6.63%
    Searcy, AR (FHA|USDA|VA) 4 $640,000 $160,000 $5,220 7.03%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $615,000 $615,000 $17,195 6.63%
    LINCOLN, NE (FHA|USDA|VA) 1 $615,000 $615,000 $6,296 6.63%
    MODESTO, CA (FHA|USDA|VA) 1 $605,000 $605,000 $6,504 7.00%
    Malvern, AR (FHA|USDA|VA) 3 $595,000 $198,333 $4,652 6.67%
    Mount Airy, NC (FHA|USDA|VA) 10 $590,000 $59,000 $3,200 9.12%
    ALEXANDRIA, LA (FHA|USDA|VA) 2 $590,000 $295,000 $7,242 6.25%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $590,000 $295,000 $6,602 6.31%
    Newport, TN (FHA|USDA|VA) 6 $590,000 $98,333 $3,317 7.55%
    Shelbyville, TN (FHA|USDA|VA) 3 $575,000 $191,667 $4,214 7.50%
    Holland, MI (FHA|USDA|VA) 1 $545,000 $545,000 $3,909 6.38%
    Gainesville, TX (FHA|USDA|VA) 1 $545,000 $545,000 $7,286 7.13%
    GREENVILLE, NC (FHA|USDA|VA) 2 $530,000 $265,000 $3,817 6.63%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $525,000 $525,000 $6,090 6.63%
    LAREDO, TX (FHA|USDA|VA) 1 $525,000 $525,000 $6,417 6.75%
    Athens, TX (FHA|USDA|VA) 2 $520,000 $260,000 $8,648 6.81%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $505,000 $505,000 $0 9.53%
    Martin, TN (FHA|USDA|VA) 2 $490,000 $245,000 $6,069 7.25%
    Dayton, TN (FHA|USDA|VA) 3 $485,000 $161,667 $3,457 7.98%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $485,000 $485,000 $3,689 6.63%
    MIDLAND, TX (FHA|USDA|VA) 1 $485,000 $485,000 $7,788 6.63%
    MADISON, WI (FHA|USDA|VA) 1 $455,000 $455,000 $4,282 7.38%
    Cleveland, MS (FHA|USDA|VA) 1 $455,000 $455,000 $4,710 6.75%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $435,000 $435,000 $9,674 6.38%
    Starkville, MS (FHA|USDA|VA) 2 $420,000 $210,000 $4,034 7.13%
    Ozark, AL (FHA|USDA|VA) 2 $410,000 $205,000 $7,790 7.16%
    Jennings, LA (FHA|USDA|VA) 2 $410,000 $205,000 $15,047 5.56%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $405,000 $405,000 $2,804 6.13%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $405,000 $405,000 $2,204 5.75%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $395,000 $395,000 $15,312 6.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $395,000 $395,000 $3,476 6.13%
    Brevard, NC (FHA|USDA|VA) 1 $385,000 $385,000 $9,876 6.50%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,501 7.38%
    FLORENCE, SC (FHA|USDA|VA) 1 $385,000 $385,000 $5,342 6.13%
    Washington, NC (FHA|USDA|VA) 2 $380,000 $190,000 $3,996 7.11%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $380,000 $190,000 $5,127 6.38%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $375,000 $375,000 $4,773 6.13%
    SALINAS, CA (FHA|USDA|VA) 1 $375,000 $375,000 $2,669 7.63%
    VICTORIA, TX (FHA|USDA|VA) 1 $375,000 $375,000 $5,857 7.13%
    APPLETON, WI (FHA|USDA|VA) 1 $355,000 $355,000 $3,897 6.50%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $325,000 $325,000 $12,302 6.63%
    St. Marys, GA (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.29%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $305,000 $305,000 $3,664 6.63%
    Tupelo, MS (FHA|USDA|VA) 1 $305,000 $305,000 $12,389 6.13%
    OWENSBORO, KY (FHA|USDA|VA) 1 $305,000 $305,000 $0 7.50%
    Sanford, NC (FHA|USDA|VA) 2 $300,000 $150,000 $3,992 6.31%
    DALTON, GA (FHA|USDA|VA) 1 $295,000 $295,000 $4,562 6.50%
    Lewisburg, TN (FHA|USDA|VA) 3 $295,000 $98,333 $0 8.64%
    West Plains, MO (FHA|USDA|VA) 1 $295,000 $295,000 $3,199 7.13%
    DOTHAN, AL (FHA|USDA|VA) 1 $285,000 $285,000 $3,129 5.13%
    Blytheville, AR (FHA|USDA|VA) 2 $270,000 $135,000 $7,324 8.86%
    Okeechobee, FL (FHA|USDA|VA) 2 $270,000 $135,000 $5,564 3.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.25%
    Jasper, AL (FHA|USDA|VA) 1 $255,000 $255,000 $3,797 6.63%
    Cornelia, GA (FHA|USDA|VA) 1 $255,000 $255,000 $6,725 6.13%
    Newberry, SC (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.02%
    Ottawa, KS (FHA|USDA|VA) 1 $245,000 $245,000 $2,754 6.63%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $245,000 $245,000 $4,460 6.38%
    Scottsboro, AL (FHA|USDA|VA) 1 $235,000 $235,000 $3,133 5.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $235,000 $235,000 $5,608 5.88%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $230,000 $115,000 $4,229 8.34%
    Granbury, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,195 6.63%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $225,000 $225,000 $8,185 5.88%
    Waycross, GA (FHA|USDA|VA) 1 $215,000 $215,000 $4,574 6.63%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $5,645 6.63%
    SAGINAW, MI (FHA|USDA|VA) 1 $205,000 $205,000 $4,102 7.38%
    Glasgow, KY (FHA|USDA|VA) 1 $205,000 $205,000 $7,133 6.75%
    Russellville, AR (FHA|USDA|VA) 1 $205,000 $205,000 $1,945 6.25%
    Batesville, AR (FHA|USDA|VA) 3 $205,000 $68,333 $2,383 6.98%
    DeRidder, LA (FHA|USDA|VA) 2 $200,000 $100,000 $3,355 7.49%
    Warrensburg, MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,407 6.63%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $195,000 $195,000 $5,487 6.50%
    Farmington, MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,500 6.63%
    Troy, AL (FHA|USDA|VA) 1 $185,000 $185,000 $3,490 7.00%
    EL PASO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,726 7.50%
    Palestine, TX (FHA|USDA|VA) 1 $185,000 $185,000 $8,354 6.00%
    Rockport, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,311 6.50%
    Milledgeville, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,448 6.63%
    Albemarle, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,405 6.00%
    HINESVILLE, GA (FHA|USDA|VA) 2 $170,000 $85,000 $0 9.10%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $165,000 $165,000 $0 9.17%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,884 6.50%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,106 6.38%
    COLUMBIA, MO (FHA|USDA|VA) 1 $145,000 $145,000 $2,262 8.00%
    Bogalusa, LA (FHA|USDA|VA) 1 $125,000 $125,000 $7,419 5.50%
    Arcadia, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.83%
    Dyersburg, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.27%
    Thomasville, GA (FHA|USDA|VA) 1 $105,000 $105,000 $6,306 7.63%
    Atmore, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,794 7.00%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.23%
    Indianola, MS (FHA|USDA|VA) 1 $95,000 $95,000 $3,577 6.25%
    Fort Payne, AL (FHA|USDA|VA) 1 $95,000 $95,000 $3,110 5.88%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $85,000 $85,000 $4,137 6.88%
    Natchez, MS-LA (FHA|USDA|VA) 1 $75,000 $75,000 $3,190 6.63%
    Crossville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.75%
    Paris, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.61%
    Danville, VA (FHA|USDA|VA) 1 $35,000 $35,000 $0 12.01%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.43%
    First Horizon Bank's top markets include Nashville, Miami, Dallas, Atlanta, and New Orleans among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Horizon Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Jefferson Parish Employees FCU
    Similarity Rank: 12
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 56
    Columbia Bank
    Similarity Rank: 64
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 84
    JEFFERSON FINANCIAL
    Similarity Rank: 112
    N C P D Federal Credit Union
    Similarity Rank: 126
    KNOXVILLE TVA EMPLOYEES CREDIT UNION
    Similarity Rank: 126
    BNB Bank
    Similarity Rank: 154
    SAN ANTONIO CITIZENS
    Similarity Rank: 156
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 168

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,509 $2,541,035,000 $563,547 $5,977 6.64%
    HELOC 2,888 $658,720,000 $228,089 n/a 8.68%
    FHA 198 $59,010,000 $298,030 $10,489 6.39%
    VA 182 $69,580,000 $382,308 $9,543 6.13%
    USDA 31 $5,695,000 $183,710 $6,016 6.26%

    For 2024, First Horizon Bank's most frequently originated type of loan was Conventional, with 4,509 originations. Their 2nd most popular type was HELOC, with 2,888 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,346 $2,417,110,000 $556,169 $6,520 6.64%
    Home Improvement 1,520 $283,940,000 $186,803 $2,541 8.75%
    Refi 1,118 $387,640,000 $346,726 $4,692 8.04%
    Other 575 $164,105,000 $285,400 $4,463 8.26%
    Cash Out Refi 249 $81,245,000 $326,285 $5,999 6.70%

    For 2024, First Horizon Bank's most frequently cited loan purpose was Home Purchase, with 4,346 originations. The 2nd most popular reason was Home Improvement, with 1,520 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,215 $3,127,905,000 $433,528 $6,428 7.35%
    Other 280 $94,230,000 $336,536 $4,833 8.61%
    20 Year 138 $39,650,000 $287,319 $3,954 6.91%
    15 Year 114 $40,090,000 $351,667 $5,177 6.47%
    10 Year 43 $5,875,000 $136,628 $2,637 7.39%
    5 Year 18 $26,290,000 $1,460,556 $199 7.54%

    For 2024, First Horizon Bank's most frequently cited loan duration was 30 Year, with 7,215 originations. The 2nd most popular length was Other, with 280 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,408 $2,042,270,000 $599,258
    $2k-3k 422 $143,850,000 $340,877
    $<1k 339 $124,225,000 $366,445
    $5k+ 329 $151,465,000 $460,380
    $3k-4k 237 $82,895,000 $349,768
    $4k-5k 155 $62,855,000 $405,516

    First Horizon Bank's average total fees were $6,428, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,408 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 3,485 $1,906,185,000 $546,968
    Over 8% 2,536 $560,250,000 $220,919
    7-8% 1,170 $555,610,000 $474,880
    5-6% 585 $307,005,000 $524,795
    <2.5% 19 $405,000 $21,316
    4-5% 11 $3,655,000 $332,273
    3-4% 2 $930,000 $465,000

    During 2024, First Horizon Bank's average interest rate for loans was 7.35%, while their most frequently originated rate bucket for loans was 6-7%, with 3,485 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,242 $645,790,000 $288,042 $5,607 7.12%
    $100k-200k 1,509 $216,625,000 $143,555 $4,243 7.54%
    $100,000 or less 1,358 $76,470,000 $56,311 $2,911 8.60%
    $400k-600k 993 $485,315,000 $488,736 $6,775 6.92%
    $600k-1MM 916 $688,730,000 $751,889 $7,530 6.83%
    $1MM+ 790 $1,221,110,000 $1,545,709 $9,177 6.89%

    2024 saw First Horizon Bank place emphasis on $200k-400k loans with 2,242 originations, totaling $645,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 2,510 $1,927,690,000 $768,004 $7,434 7.27%
    $150k-250k 1,438 $496,860,000 $345,522 $6,450 7.43%
    $100k-150k 1,228 $295,510,000 $240,643 $6,009 7.47%
    $50k-75k 920 $148,130,000 $161,011 $5,036 7.27%
    $75k-100k 824 $159,610,000 $193,701 $5,256 7.45%
    $50k or less 588 $65,260,000 $110,986 $4,177 7.64%

    First Horizon Bank lent most frequently to those with incomes in the $250k+ range, with 2,510 originations. The second most popular income band? $150k-250k, with 1,438 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,758 $706,930,000 $402,122 $5,804 7.61%
    30-36% 1,356 $590,340,000 $435,354 $6,226 7.42%
    <20% 907 $334,945,000 $369,289 $5,555 7.71%
    41% 360 $159,600,000 $443,333 $6,982 7.50%
    40% 353 $142,965,000 $405,000 $6,061 7.44%
    38% 317 $123,405,000 $389,290 $6,687 7.65%
    42% 308 $137,580,000 $446,688 $6,513 7.35%
    39% 307 $146,215,000 $476,270 $6,609 7.44%
    37% 284 $111,790,000 $393,627 $5,947 7.54%
    36% 274 $125,870,000 $459,380 $6,221 7.38%
    49% 234 $82,730,000 $353,547 $6,985 6.34%
    43% 220 $106,530,000 $484,227 $6,127 6.64%
    48% 157 $55,665,000 $354,554 $6,318 6.63%
    44% 153 $53,415,000 $349,118 $6,035 6.61%
    47% 144 $54,960,000 $381,667 $6,186 6.57%
    46% 137 $52,005,000 $379,599 $6,042 6.57%
    50-60% 133 $56,085,000 $421,692 $10,172 6.86%
    45% 114 $37,800,000 $331,579 $6,235 6.56%
    >60% 66 $41,840,000 $633,939 $7,298 7.36%

    First Horizon Bank lent most frequently to those with DTI ratios of 20-30%, with 1,758 originations. The next most common DTI ratio? 30-36%, with 1,356 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,987 $2,431,145,000 $406,071 $6,122 7.45%
    Not provided 678 $339,560,000 $500,826 $6,900 7.30%
    Asian 378 $247,860,000 $655,714 $6,953 6.94%
    Black 665 $217,295,000 $326,759 $6,437 7.05%
    Not applicable 27 $67,945,000 $2,516,481 $0 7.27%
    American Indian 43 $15,865,000 $368,953 $6,759 6.95%
    Asian Indian 7 $5,965,000 $852,143 $8,894 6.75%
    Other Asian 3 $2,705,000 $901,667 $9,289 7.79%
    Native Hawaiian or Islander 11 $2,475,000 $225,000 $14,191 7.51%
    5 $2,455,000 $491,000 $6,388 6.93%
    Vietnamese 1 $405,000 $405,000 $4,123 7.00%
    Other Pacific Islander 1 $205,000 $205,000 $0 7.52%
    Filipino 2 $160,000 $80,000 $3,175 7.75%

    Approval Rates

    Total approvals of all applications
    78.32%

    First Horizon Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.36%

    First Horizon Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,808 $3,334,040,000 $427,003

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,808 $3,334,040,000 $427,003

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,383 $342,745,000 $247,827 $4,335 8.19%
    40-60% 826 $378,820,000 $458,620 $5,404 7.28%
    60-80% 1,379 $710,765,000 $515,421 $6,208 6.95%
    80-100% 2,866 $1,722,640,000 $601,061 $6,626 6.64%
    Over 100% 39 $17,925,000 $459,615 $17,601 6.24%
    Under 20% 1,313 $160,255,000 $122,053 $2,869 8.67%