First Horizon is a full-service bank that can trace its roots back over 150 years. The bank originally opened in Memphis in 1864 as First National Bank of Memphis, and through multiple acquisitions and mergers, First Horizon Bank emerged. The bank is prominent in the mid and southeast US, operating in 12 states.
First Horizon Bank offers a full range of personal and business banking from its headquarters in Memphis.
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First Horizon offers a range of mortgage products as part of its full-service banking offering. Customers can choose from conventional, variable rate, VA, USDA, Affordable housing, and HELOC options. Details of home loan products are shown below.
You can apply online, in branch, or over the phone. Unfortunately, there is little information regarding the precise details of the mortgages available. Therefore, to identify what rates are available, you will need to either apply or contact customer support with your specific circumstances.
MORTGAGE AMOUNT
$25,000 - $3,000,000
REPAYMENT TERM
15, 20, and 30-year terms
MIN CREDIT SCORE
620
FUNDING TIME
Average of 30 days
ORIGINATION FEE
None
PREPAYMENT FEE
None
UNDERWRITING FEE
None
OTHER FEES
Yes
SOFT CREDIT PULL
Yes
NMLS
472329
LENDER TYPE
Direct
Pros & Cons
Mortgage Type
To be considered for a mortgage product from First Horizon, you need to meet the following requirements:
Interest rates for mortgage products are not shown on First Horizon’s website, but we do know that loans are available for 15, 20, or 30 years, with mortgages available for between $25,000 and $3,000,000.
We wanted to try out the application process for a mortgage from First Horizon bank and did so online. We visited the mortgage section of First Horizon Bank’s website to get started.
Welcome screen
Mortgage applications can only be progressed further via a conversation with a mortgage team member – not online. We were contacted via email within two hours of the application and were able to set up a face-to-face meeting for the following day. While less convenient than an online-only application, we were pleased with how quickly we could arrange a callback.
You need to meet the following requirements to be considered for a mortgage from First Horizon Bank:
You will need to provide the following information to complete your mortgage application process with First Horizon:
If you are buying a home, you will also need to provide the following:
If you are refinancing a property, you will need to provide the following:
First Horizon Bank has had no recent security breaches, and there are no adverse reports online regarding any improper use of personal data. First Horizon Bank has a helpful table within its Privacy Policy about what data is shared and why, plus whether you can limit the sharing of your data. This table is an excellent visual tool for understanding how your information is handled.
There are several ways that you can get in touch with First Horizon Bank, ranging from phone or email to an online form. First Horizon also has over 450 branches across the US, meaning you could pop into any of these branches with your query.
We called the customer helpline on (800) 382-5465 to ask about the information required to open an account with First Horizon Bank. We were placed on hold for 2-3 minutes before our call was answered, which was longer than we had expected. However, after our call was answered, we were dealt with in a very professional way, with all of our questions addressed clearly and quickly.
If having access to a large-sized local bank is crucial to you, alongside having access to full banking facilities, then First Horizon Bank could be a good choice for you. With over 450 branches in the Mideast and Southeast, First Horizon is very accessible and has a full complement of banking products available.
First Horizon Corporation (NYSE: FHN) is a leading regional financial services company dedicated to helping our clients, communities, and associates unlock their full potential with capital and counsel.
Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern US. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage services. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable US Bank.
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