First Horizon Bank Mortgage Rates, Fees & Info

Memphis, TN

LEI: COOWI3L2W9TPYR3WJX37

Tax ID: 62-0201385

5 stars - Updated: 7/14/24 - out of 5 stars, based on 106 reviews

Latest/2023 | 2022 Data | 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, Atlanta, and Houston among others. We have data for 257 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 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) 5.88% 7/14/24
30 Year Conventional Purchase 6.26% 7/14/24
30 Year Conventional Refi 6.33% 7/14/24
30 Year Cash-out Refi 6.65% 7/14/24
30 Year FHA Purchase 7.30% 7/14/24
30 Year FHA Refi 6.27% 7/14/24
30 Year VA Purchase 6.19% 7/14/24
30 Year VA Refi 5.84% 7/14/24
30 Year USDA Purchase 6.72% 7/14/24
30 Year USDA Refi 6.27% 7/14/24
15 Year Conventional Purchase 5.92% 7/14/24
15 Year Conventional Refi 6.04% 7/14/24
15 Year Cash-out Refi 6.04% 7/14/24
15 Year FHA Refi 5.68% 7/14/24
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

11,132

Origination Dollar Volume (All Markets)

$4,500,770,000
Show all (60) awards

Relative Rate

First Horizon Bank's average 30 year fixed mortgage rate was 5.82%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.66%.

Relative Fees (Closing Costs)

First Horizon Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,655.

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 $9,089.

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) 1,306 $490,660,000 $375,697 $5,520 5.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 536 $361,320,000 $674,104 $9,193 5.76%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 497 $317,115,000 $638,058 $7,343 6.05%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 450 $242,350,000 $538,556 $6,455 5.96%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 338 $213,850,000 $632,692 $8,301 5.78%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 772 $205,930,000 $266,749 $4,843 5.95%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 141 $201,395,000 $1,428,333 $17,891 5.78%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 478 $183,140,000 $383,138 $5,792 6.18%
KNOXVILLE, TN (FHA|USDA|VA) 602 $165,250,000 $274,502 $4,628 5.65%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 299 $164,745,000 $550,987 $7,615 5.83%
Key West, FL (FHA|USDA|VA) 163 $107,255,000 $658,006 $11,263 5.94%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 239 $102,365,000 $428,305 $5,765 5.74%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 335 $91,445,000 $272,970 $4,528 6.33%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 184 $87,400,000 $475,000 $8,828 5.69%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 308 $80,460,000 $261,234 $4,172 5.60%
BATON ROUGE, LA (FHA|USDA|VA) 236 $69,230,000 $293,347 $5,075 5.67%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 94 $68,720,000 $731,064 $11,905 5.76%
Outside of Metro Areas 231 $61,305,000 $265,390 $4,821 6.08%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 188 $59,450,000 $316,223 $3,891 6.20%
RICHMOND, VA (FHA|USDA|VA) 10 $56,040,000 $5,604,000 $5,945 5.38%
LAFAYETTE, LA (FHA|USDA|VA) 303 $52,865,000 $174,472 $4,763 5.83%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 111 $50,125,000 $451,577 $8,957 5.20%
JACKSONVILLE, FL (FHA|USDA|VA) 78 $48,780,000 $625,385 $7,629 5.77%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 148 $45,620,000 $308,243 $4,906 6.11%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 48 $43,710,000 $910,625 $8,137 5.53%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 79 $38,205,000 $483,608 $5,156 6.24%
JOHNSON CITY, TN (FHA|USDA|VA) 153 $38,155,000 $249,379 $4,378 5.44%
RALEIGH-CARY, NC (FHA|USDA|VA) 88 $33,860,000 $384,773 $5,052 5.43%
ST. LOUIS, MO-IL (FHA|USDA|VA) 122 $31,550,000 $258,607 $3,541 6.98%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 33 $27,965,000 $847,424 $9,788 6.10%
WINSTON-SALEM, NC (FHA|USDA|VA) 170 $27,810,000 $163,588 $4,549 6.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 37 $27,375,000 $739,865 $10,318 5.96%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 104 $26,310,000 $252,981 $4,730 5.79%
JACKSON, MS (FHA|USDA|VA) 74 $24,440,000 $330,270 $4,437 6.23%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 132 $23,190,000 $175,682 $4,369 6.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 72 $22,270,000 $309,306 $8,324 5.72%
LAKE CHARLES, LA (FHA|USDA|VA) 122 $22,210,000 $182,049 $5,221 5.60%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 41 $20,745,000 $505,976 $4,968 5.90%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 21 $20,645,000 $983,095 $6,362 5.43%
MOBILE, AL (FHA|USDA|VA) 56 $19,270,000 $344,107 $4,479 5.95%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 21 $18,925,000 $901,190 $9,437 6.05%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 72 $17,750,000 $246,528 $6,670 5.08%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 108 $16,340,000 $151,296 $4,968 5.56%
ASHEVILLE, NC (FHA|USDA|VA) 43 $15,495,000 $360,349 $6,209 5.28%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 31 $15,445,000 $498,226 $4,643 5.22%
HUNTSVILLE, AL (FHA|USDA|VA) 33 $14,355,000 $435,000 $5,077 6.14%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 14 $14,000,000 $1,000,000 $13,112 6.00%
COLUMBIA, SC (FHA|USDA|VA) 39 $13,085,000 $335,513 $4,529 6.42%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 63 $12,785,000 $202,937 $4,899 6.31%
MORRISTOWN, TN (FHA|USDA|VA) 73 $12,655,000 $173,356 $4,066 5.76%
WILMINGTON, NC (FHA|USDA|VA) 10 $12,590,000 $1,259,000 $5,519 6.09%
Cookeville, TN (FHA|USDA|VA) 68 $11,300,000 $166,176 $4,394 5.15%
Sevierville, TN (FHA|USDA|VA) 27 $10,665,000 $395,000 $6,447 5.71%
JONESBORO, AR (FHA|USDA|VA) 54 $10,040,000 $185,926 $3,929 5.68%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 11 $9,485,000 $862,273 $6,019 5.75%
Greeneville, TN (FHA|USDA|VA) 64 $9,350,000 $146,094 $4,472 5.76%
GAINESVILLE, FL (FHA|USDA|VA) 15 $8,625,000 $575,000 $8,069 6.02%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 14 $7,930,000 $566,429 $4,563 6.21%
MONROE, LA (FHA|USDA|VA) 41 $7,725,000 $188,415 $4,930 6.07%
FAYETTEVILLE, NC (FHA|USDA|VA) 25 $7,385,000 $295,400 $7,924 5.86%
Boone, NC (FHA|USDA|VA) 24 $6,520,000 $271,667 $4,354 5.69%
CLEVELAND, TN (FHA|USDA|VA) 47 $6,375,000 $135,638 $3,208 5.58%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $6,055,000 $1,211,000 $9,029 6.18%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 35 $6,005,000 $171,571 $6,685 5.67%
Morgan City, LA (FHA|USDA|VA) 43 $6,005,000 $139,651 $4,940 6.57%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 14 $5,810,000 $415,000 $4,985 5.93%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $5,060,000 $421,667 $5,879 6.08%
JACKSON, TN (FHA|USDA|VA) 35 $5,045,000 $144,143 $3,565 6.24%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 16 $4,990,000 $311,875 $4,118 6.03%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $4,410,000 $551,250 $7,475 6.48%
PANAMA CITY, FL (FHA|USDA|VA) 7 $4,155,000 $593,571 $8,317 5.71%
TYLER, TX (FHA|USDA|VA) 7 $4,015,000 $573,571 $6,530 5.46%
Mount Airy, NC (FHA|USDA|VA) 27 $4,005,000 $148,333 $3,689 7.18%
SPARTANBURG, SC (FHA|USDA|VA) 17 $3,875,000 $227,941 $4,374 5.26%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 6 $3,780,000 $630,000 $9,087 5.67%
ROANOKE, VA (FHA|USDA|VA) 22 $3,710,000 $168,636 $4,318 6.47%
Cullowhee, NC (FHA|USDA|VA) 8 $3,500,000 $437,500 $9,713 6.14%
Georgetown, SC (FHA|USDA|VA) 2 $3,500,000 $1,750,000 $7,308 7.27%
BRUNSWICK, GA (FHA|USDA|VA) 3 $3,405,000 $1,135,000 $6,778 6.83%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $3,370,000 $561,667 $9,073 6.92%
OCALA, FL (FHA|USDA|VA) 9 $3,345,000 $371,667 $7,067 5.92%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 6 $3,310,000 $551,667 $5,341 5.85%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $3,310,000 $827,500 $6,526 6.53%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $3,140,000 $523,333 $5,464 6.33%
Opelousas, LA (FHA|USDA|VA) 18 $3,130,000 $173,889 $4,704 5.97%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $3,050,000 $762,500 $7,248 7.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $11,386 7.88%
Fredericksburg, TX (FHA|USDA|VA) 1 $2,995,000 $2,995,000 $22,794 4.38%
GREENVILLE, NC (FHA|USDA|VA) 7 $2,995,000 $427,857 $4,063 5.66%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $2,950,000 $737,500 $7,472 6.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $2,935,000 $419,286 $7,372 6.55%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $2,915,000 $971,667 $11,063 5.83%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 8 $2,880,000 $360,000 $5,373 6.25%
Athens, TN (FHA|USDA|VA) 9 $2,835,000 $315,000 $11,142 6.05%
TUSCALOOSA, AL (FHA|USDA|VA) 7 $2,825,000 $403,571 $7,473 5.84%
SAVANNAH, GA (FHA|USDA|VA) 8 $2,800,000 $350,000 $7,627 5.89%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $2,715,000 $543,000 $5,712 5.70%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 12 $2,700,000 $225,000 $4,463 6.10%
MONTGOMERY, AL (FHA|USDA|VA) 7 $2,675,000 $382,143 $4,283 5.46%
Corsicana, TX (FHA|USDA|VA) 5 $2,615,000 $523,000 $7,646 5.12%
Bozeman, MT (FHA|USDA|VA) 2 $2,560,000 $1,280,000 $3,831 5.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $2,505,000 $501,000 $4,170 6.65%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,270,000 $378,333 $8,888 5.75%
HAMMOND, LA (FHA|USDA|VA) 10 $2,110,000 $211,000 $5,715 5.63%
WACO, TX (FHA|USDA|VA) 5 $2,055,000 $411,000 $5,076 6.85%
LUBBOCK, TX (FHA|USDA|VA) 3 $2,035,000 $678,333 $6,974 7.00%
Vineyard Haven, MA (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $7,277 6.19%
Calhoun, GA (FHA|USDA|VA) 3 $1,995,000 $665,000 $8,740 5.08%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $1,970,000 $985,000 $5,861 6.25%
Shelbyville, TN (FHA|USDA|VA) 3 $1,955,000 $651,667 $4,700 6.16%
Lewisburg, TN (FHA|USDA|VA) 14 $1,950,000 $139,286 $3,174 5.36%
North Wilkesboro, NC (FHA|USDA|VA) 19 $1,935,000 $101,842 $6,856 5.36%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,895,000 $631,667 $6,957 5.67%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 4 $1,880,000 $470,000 $4,452 4.34%
Granbury, TX (FHA|USDA|VA) 2 $1,870,000 $935,000 $13,391 7.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $1,785,000 $357,000 $5,084 5.82%
LONGVIEW, TX (FHA|USDA|VA) 3 $1,745,000 $581,667 $2,816 6.08%
LYNCHBURG, VA (FHA|USDA|VA) 4 $1,700,000 $425,000 $4,354 6.69%
GAINESVILLE, GA (FHA|USDA|VA) 5 $1,635,000 $327,000 $4,582 6.15%
Jennings, LA (FHA|USDA|VA) 8 $1,630,000 $203,750 $10,115 5.87%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,625,000 $232,143 $4,712 5.08%
Martinsville, VA (FHA|USDA|VA) 22 $1,610,000 $73,182 $4,298 6.25%
Sanford, NC (FHA|USDA|VA) 13 $1,595,000 $122,692 $3,621 6.34%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,590,000 $795,000 $8,274 5.88%
Newport, TN (FHA|USDA|VA) 10 $1,590,000 $159,000 $4,020 5.86%
Ruston, LA (FHA|USDA|VA) 12 $1,530,000 $127,500 $4,044 6.24%
EL PASO, TX (FHA|USDA|VA) 3 $1,525,000 $508,333 $4,975 6.67%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 8.41%
Breckenridge, CO (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $4,685 4.88%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $1,500,000 $750,000 $5,188 6.75%
Cullman, AL (FHA|USDA|VA) 3 $1,475,000 $491,667 $4,451 6.48%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $1,465,000 $488,333 $5,354 6.42%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $1,450,000 $725,000 $18,236 6.63%
DECATUR, AL (FHA|USDA|VA) 5 $1,365,000 $273,000 $4,856 6.45%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $1,365,000 $455,000 $4,917 7.21%
DeRidder, LA (FHA|USDA|VA) 7 $1,335,000 $190,714 $18,846 5.36%
HOT SPRINGS, AR (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,399 6.15%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $1,290,000 $645,000 $10,418 6.06%
BOULDER, CO (FHA|USDA|VA) 2 $1,260,000 $630,000 $3,835 6.75%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $1,240,000 $620,000 $3,795 6.25%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $1,140,000 $570,000 $4,302 6.06%
Searcy, AR (FHA|USDA|VA) 6 $1,130,000 $188,333 $5,058 6.44%
Alexander City, AL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $5,225 6.75%
LAREDO, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $12,465 4.71%
HATTIESBURG, MS (FHA|USDA|VA) 4 $1,100,000 $275,000 $2,727 6.28%
Athens, TX (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $3,937 5.25%
Brevard, NC (FHA|USDA|VA) 2 $1,040,000 $520,000 $0 3.99%
Jefferson, GA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $5,490 5.38%
Andrews, TX (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $7,169 8.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $1,000,000 $500,000 $6,298 5.81%
DALTON, GA (FHA|USDA|VA) 2 $990,000 $495,000 $0 2.99%
Lawrenceburg, TN (FHA|USDA|VA) 14 $980,000 $70,000 $3,728 5.53%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $970,000 $485,000 $3,585 6.56%
Tullahoma-Manchester, TN (FHA|USDA|VA) 7 $965,000 $137,857 $2,890 5.54%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $955,000 $318,333 $4,245 7.04%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $930,000 $465,000 $4,819 6.00%
BOISE CITY, ID (FHA|USDA|VA) 2 $910,000 $455,000 $11,854 6.31%
Seneca, SC (FHA|USDA|VA) 1 $905,000 $905,000 $4,980 7.38%
READING, PA (FHA|USDA|VA) 2 $820,000 $410,000 $6,849 6.50%
VICTORIA, TX (FHA|USDA|VA) 2 $820,000 $410,000 $6,486 6.19%
Oxford, MS (FHA|USDA|VA) 4 $820,000 $205,000 $3,665 6.97%
Clewiston, FL (FHA|USDA|VA) 2 $820,000 $410,000 $8,497 5.50%
THE VILLAGES, FL (FHA|USDA|VA) 3 $815,000 $271,667 $4,582 5.29%
Starkville, MS (FHA|USDA|VA) 3 $815,000 $271,667 $4,137 6.75%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $800,000 $400,000 $8,818 5.75%
Orangeburg, SC (FHA|USDA|VA) 1 $775,000 $775,000 $0 6.20%
KINGSTON, NY (FHA|USDA|VA) 1 $775,000 $775,000 $20,554 6.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $765,000 $255,000 $6,418 6.13%
CHARLESTON, WV (FHA|USDA|VA) 2 $730,000 $365,000 $5,203 6.88%
Henderson, NC (FHA|USDA|VA) 2 $720,000 $360,000 $3,624 5.94%
COLUMBUS, OH (FHA|USDA|VA) 2 $710,000 $355,000 $5,317 6.88%
Albertville, AL (FHA|USDA|VA) 2 $710,000 $355,000 $5,042 6.13%
Dayton, TN (FHA|USDA|VA) 3 $705,000 $235,000 $0 7.26%
Paragould, AR (FHA|USDA|VA) 5 $695,000 $139,000 $3,638 5.95%
Ellensburg, WA (FHA|USDA|VA) 1 $685,000 $685,000 $0 4.99%
BURLINGTON, NC (FHA|USDA|VA) 11 $675,000 $61,364 $299 6.43%
Morehead City, NC (FHA|USDA|VA) 1 $665,000 $665,000 $11,468 7.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $615,000 $615,000 $9,454 7.50%
SYRACUSE, NY (FHA|USDA|VA) 1 $615,000 $615,000 $6,443 5.13%
WENATCHEE, WA (FHA|USDA|VA) 1 $615,000 $615,000 $3,670 7.50%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $615,000 $615,000 $5,794 7.25%
HINESVILLE, GA (FHA|USDA|VA) 4 $610,000 $152,500 $4,052 6.16%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $595,000 $595,000 $5,229 8.13%
ROME, GA (FHA|USDA|VA) 2 $590,000 $295,000 $4,117 6.31%
LANCASTER, PA (FHA|USDA|VA) 2 $550,000 $275,000 $6,384 6.69%
Jesup, GA (FHA|USDA|VA) 6 $550,000 $91,667 $0 5.27%
Paris, TN (FHA|USDA|VA) 2 $540,000 $270,000 $3,843 5.68%
SAN ANGELO, TX (FHA|USDA|VA) 1 $525,000 $525,000 $6,369 5.13%
AMARILLO, TX (FHA|USDA|VA) 1 $525,000 $525,000 $6,167 4.88%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $525,000 $525,000 $4,569 5.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $515,000 $515,000 $28,967 6.13%
Lumberton, NC (FHA|USDA|VA) 3 $515,000 $171,667 $9,333 5.21%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $505,000 $505,000 $3,816 6.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $500,000 $250,000 $5,588 5.63%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $485,000 $485,000 $9,653 7.50%
Rockingham, NC (FHA|USDA|VA) 3 $455,000 $151,667 $7,487 5.83%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $455,000 $455,000 $9,496 6.63%
Middlesborough, KY (FHA|USDA|VA) 1 $455,000 $455,000 $3,602 5.75%
Palatka, FL (FHA|USDA|VA) 3 $435,000 $145,000 $6,415 4.25%
VALDOSTA, GA (FHA|USDA|VA) 1 $415,000 $415,000 $4,726 5.50%
Arcadia, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 2.99%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $405,000 $405,000 $3,136 7.63%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,955 8.88%
Mountain Home, AR (FHA|USDA|VA) 3 $375,000 $125,000 $2,212 6.54%
PITTSBURGH, PA (FHA|USDA|VA) 1 $365,000 $365,000 $5,682 6.38%
Taos, NM (FHA|USDA|VA) 1 $355,000 $355,000 $4,544 7.63%
Martin, TN (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.99%
Moultrie, GA (FHA|USDA|VA) 1 $355,000 $355,000 $4,475 5.75%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $355,000 $355,000 $8,667 7.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $350,000 $175,000 $3,973 6.31%
Natchitoches, LA (FHA|USDA|VA) 1 $345,000 $345,000 $4,173 6.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $345,000 $345,000 $4,049 7.38%
Shelby, NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,784 5.25%
Jasper, AL (FHA|USDA|VA) 1 $325,000 $325,000 $3,367 7.38%
Crossville, TN (FHA|USDA|VA) 3 $305,000 $101,667 $0 5.41%
Aberdeen, SD (FHA|USDA|VA) 1 $305,000 $305,000 $3,664 6.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $295,000 $295,000 $5,316 5.50%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $295,000 $295,000 $2,565 6.75%
ROCHESTER, MN (FHA|USDA|VA) 1 $295,000 $295,000 $3,426 7.13%
Dyersburg, TN (FHA|USDA|VA) 2 $290,000 $145,000 $3,592 4.43%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 8.26%
LOUISVILLE, KY (FHA|USDA|VA) 1 $285,000 $285,000 $3,441 6.13%
McMinnville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $8,435 7.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $285,000 $285,000 $9,842 7.50%
Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $280,000 $140,000 $3,528 6.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $275,000 $275,000 $6,228 7.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $275,000 $275,000 $4,043 6.88%
Somerset, KY (FHA|USDA|VA) 1 $265,000 $265,000 $4,139 7.63%
Fort Payne, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.67%
BILLINGS, MT (FHA|USDA|VA) 1 $255,000 $255,000 $4,079 6.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $250,000 $125,000 $4,081 7.44%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $245,000 $245,000 $2,592 6.63%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $235,000 $235,000 $2,512 7.00%
Durango, CO (FHA|USDA|VA) 1 $235,000 $235,000 $2,853 7.13%
Quincy, IL-MO (FHA|USDA|VA) 1 $235,000 $235,000 $3,014 6.63%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $225,000 $225,000 $4,976 6.25%
NEW BERN, NC (FHA|USDA|VA) 1 $225,000 $225,000 $5,659 5.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $210,000 $105,000 $4,347 8.56%
El Dorado, AR (FHA|USDA|VA) 1 $205,000 $205,000 $3,424 6.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $185,000 $185,000 $6,500 7.50%
Danville, VA (FHA|USDA|VA) 2 $180,000 $90,000 $0 6.26%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $175,000 $175,000 $4,783 6.00%
Tupelo, MS (FHA|USDA|VA) 1 $175,000 $175,000 $3,493 7.63%
Batesville, AR (FHA|USDA|VA) 2 $170,000 $85,000 $1,814 5.43%
Dixon, IL (FHA|USDA|VA) 1 $165,000 $165,000 $5,104 6.25%
GADSDEN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $3,107 7.50%
Gaffney, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,623 6.63%
Camden, AR (FHA|USDA|VA) 1 $155,000 $155,000 $5,683 6.25%
Gainesville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.99%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.99%
Bogalusa, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,322 5.88%
Nacogdoches, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,515 5.63%
Danville, KY (FHA|USDA|VA) 1 $105,000 $105,000 $5,829 6.88%
Murray, KY (FHA|USDA|VA) 1 $95,000 $95,000 $3,792 7.50%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,689 7.00%
Milledgeville, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.99%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $55,000 $55,000 $993 9.93%
First Horizon Bank's top markets include Nashville, Miami, Dallas, Atlanta, and Houston 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
    HELOC 5,666 $1,296,330,000 $228,791 n/a 5.34%
    Conventional 5,045 $3,081,115,000 $610,726 $6,227 6.34%
    FHA 242 $67,870,000 $280,455 $10,236 6.48%
    VA 136 $47,520,000 $349,412 $9,074 6.32%
    USDA 43 $7,935,000 $184,535 $6,051 6.21%

    For 2023, First Horizon Bank's most frequently originated type of loan was HELOC, with 5,666 originations. Their 2nd most popular type was Conventional, with 5,045 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,044 $3,013,050,000 $597,353 $6,655 6.24%
    Home Improvement 2,543 $447,825,000 $176,101 $2,348 5.52%
    Refi 2,358 $651,530,000 $276,306 $4,166 5.28%
    Other 977 $306,755,000 $313,976 $6,739 5.70%
    Cash Out Refi 210 $81,610,000 $388,619 $5,811 6.76%

    For 2023, First Horizon Bank's most frequently cited loan purpose was Home Purchase, with 5,044 originations. The 2nd most popular reason was Home Improvement, with 2,543 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 10,426 $4,272,880,000 $409,829 $6,655 5.82%
    Other 372 $89,380,000 $240,269 $1,658 5.47%
    15 Year 159 $39,985,000 $251,478 $4,725 6.28%
    20 Year 104 $18,980,000 $182,500 $2,757 7.28%
    10 Year 53 $7,845,000 $148,019 $1,951 7.05%
    5 Year 18 $71,700,000 $3,983,333 $299 7.06%

    For 2023, First Horizon Bank's most frequently cited loan duration was 30 Year, with 10,426 originations. The 2nd most popular length was Other, with 372 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,868 $1,903,800,000 $663,808
    $<1k 1,313 $597,865,000 $455,343
    $5k+ 452 $330,440,000 $731,062
    $2k-3k 382 $146,490,000 $383,482
    $3k-4k 259 $81,935,000 $316,351
    $4k-5k 164 $65,080,000 $396,829

    First Horizon Bank's average total fees were $6,655, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,868 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 3,295 $906,055,000 $274,979
    6-7% 2,314 $1,072,300,000 $463,397
    5-6% 1,735 $1,277,135,000 $736,101
    2.5-3% 1,384 $366,300,000 $264,668
    Over 8% 1,285 $318,175,000 $247,607
    7-8% 1,091 $556,075,000 $509,693
    <2.5% 27 $405,000 $15,000
    3-4% 1 $4,325,000 $4,325,000

    During 2023, First Horizon Bank's average interest rate for loans was 5.82%, while their most frequently originated rate bucket for loans was 4-5%, with 3,295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,893 $816,895,000 $282,370 $5,381 5.93%
    $100k-200k 2,355 $332,595,000 $141,229 $4,139 5.69%
    $100,000 or less 2,208 $126,590,000 $57,332 $2,806 5.74%
    $400k-600k 1,478 $717,940,000 $485,751 $6,494 5.82%
    $600k-1MM 1,180 $899,590,000 $762,364 $7,127 5.94%
    $1MM+ 1,018 $1,607,160,000 $1,578,743 $11,107 6.00%

    2023 saw First Horizon Bank place emphasis on $200k-400k loans with 2,893 originations, totaling $816,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 3,685 $2,647,235,000 $718,381 $7,843 5.75%
    $150k-250k 2,139 $676,185,000 $316,122 $6,186 5.72%
    $100k-150k 1,798 $397,440,000 $221,046 $5,785 5.79%
    $50k-75k 1,341 $190,755,000 $142,248 $4,664 5.99%
    $75k-100k 1,134 $195,990,000 $172,831 $5,840 5.81%
    $50k or less 721 $84,645,000 $117,399 $3,862 6.33%

    First Horizon Bank lent most frequently to those with incomes in the $250k+ range, with 3,685 originations. The second most popular income band? $150k-250k, with 2,139 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,851 $990,545,000 $347,438 $5,922 5.63%
    30-36% 2,096 $843,760,000 $402,557 $6,204 5.85%
    <20% 1,538 $522,950,000 $340,020 $5,763 5.53%
    38% 514 $193,910,000 $377,257 $6,698 5.91%
    39% 412 $166,230,000 $403,471 $6,935 6.01%
    40% 410 $184,680,000 $450,439 $6,494 6.15%
    37% 408 $148,210,000 $363,260 $6,539 5.79%
    41% 396 $176,140,000 $444,798 $6,608 5.95%
    36% 360 $135,800,000 $377,222 $5,875 5.72%
    42% 334 $171,680,000 $514,012 $6,376 6.20%
    43% 241 $114,435,000 $474,834 $6,085 6.28%
    50-60% 226 $121,180,000 $536,195 $8,868 5.93%
    49% 169 $57,255,000 $338,787 $6,576 6.41%
    44% 163 $67,385,000 $413,405 $5,901 6.17%
    45% 159 $56,005,000 $352,233 $6,127 6.35%
    >60% 156 $98,650,000 $632,372 $7,522 5.63%
    46% 146 $56,880,000 $389,589 $7,140 6.41%
    47% 134 $46,720,000 $348,657 $6,409 6.47%
    48% 133 $47,245,000 $355,226 $6,686 6.48%

    First Horizon Bank lent most frequently to those with DTI ratios of 20-30%, with 2,851 originations. The next most common DTI ratio? 30-36%, with 2,096 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,564 $3,235,780,000 $377,835 $6,329 5.82%
    Not provided 1,197 $570,885,000 $476,930 $7,040 5.72%
    Asian 551 $358,235,000 $650,154 $7,396 5.88%
    Black 695 $213,005,000 $306,482 $6,199 6.11%
    Not applicable 24 $81,780,000 $3,407,500 $50,940 6.89%
    American Indian 52 $18,980,000 $365,000 $5,724 6.15%
    Asian Indian 21 $8,605,000 $409,762 $5,034 5.00%
    Chinese 3 $4,515,000 $1,505,000 $14,836 6.58%
    Native Hawaiian or Islander 9 $2,315,000 $257,222 $6,695 5.16%
    Vietnamese 3 $1,625,000 $541,667 $7,396 6.04%
    Other Asian 5 $1,535,000 $307,000 $0 5.26%
    2 $1,510,000 $755,000 $2,057 5.75%
    Filipino 2 $1,480,000 $740,000 $11,320 7.34%
    Korean 2 $360,000 $180,000 $0 4.99%
    Other Pacific Islander 1 $105,000 $105,000 $0 8.83%
    Samoan 1 $55,000 $55,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    74.62%

    First Horizon Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.21%

    First Horizon Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 11,132 $4,500,770,000 $404,309

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    11,132 $4,500,770,000 $404,309

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,494 $626,980,000 $251,395 $4,782 5.46%
    40-60% 1,216 $563,890,000 $463,725 $6,471 5.58%
    60-80% 1,757 $1,015,925,000 $578,216 $6,878 6.11%
    80-100% 3,331 $2,002,095,000 $601,049 $6,524 6.27%
    Over 100% 38 $15,980,000 $420,526 $14,258 6.22%
    Under 20% 2,296 $275,900,000 $120,166 $1,811 5.51%