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Compare Top Financial Providers Side-by-Side

Rocket Mortgage vs. First Horizon Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

Overview
Personal Loans
Mortgages

Rocket Mortgage

One of the easiest-to-use mortgage providers

Banking services for Mideast or Southeast residents

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Add a brand

Overview

Personal Loans

Mortgages

Mortgages

Personal Loans

Good For

A Leading Digital Lender

Min Credit Score

610

APR

9.116-29.99%

Loan Amount

$2K-$45K

Lender Type

Direct

Loan Type

Unsecured Personal Loans
Fixed-Rate Personal Loans

Loan Purpose

Credit Card Refinance
Debt Consolidation
Home Improvement
Major Purchase
Medical Expenses
Relocation
Vacation
Wedding

Repayment terms

36-60 months

Soft Credit Pull

Yes

Pros

Digital online process with prequalification available
Fast funding times with potential for same-day funding
Competitive rates with autopay discount
No prepayment penalties

Cons

Loans come with up to a 9% origination fee on the loan amount
No cosigned or joint loans available
Shorter repayment terms can make it difficult to make monthly payments on larger loans

Not provided

Service isn't provided

Mortgages

Good For

35+ Years of Industry Expertise

Good For

A Big Bank That's Got Your Back

Min Credit Score

580

Min Credit Score

620

APR

6.475-7.186%

APR

Loan Type

Mortgage Purchase
Mortgage Refinance
Fixed
Adjustable
Home Equity Loan
FHA
USDA
VA
Jumbo

Loan Type

Mortgage Purchase
Mortgage Refinance
Fixed
Adjustable
FHA
USDA
VA

Prepayment Fee

None

Prepayment Fee

None

Origination Fee

Variable, around $1,200

Origination Fee

Yes

Pros

Closing costs rolled into loan automatically
Smartphone app
Syncs with your bank account for easy application process
98% of financial institutions supported for digital asset verification

Pros

A large range of mortgage types is available
Mortgages offered for single-family and multi-family homes
Able to apply in branch

Cons

Can’t have face-to-face interaction with loan officer; online only
No alternative credit data considered

Cons

Lack of visibility of rates charged
Prepayment fees and origination fees charged
Not available nationwide

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