First Horizon Bank closing costs and rates (2024)
In 2024, First Horizon Bank originated 3,822 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $5,577. That ranks #127 nationally by origination volume. For total closing costs among lenders with 500+ originations, First Horizon Bank ranks #251. That is $1,164 below the national median of $6,741. First Horizon Bank is most active in Tennessee with 776 originations there.
Purchase Originations
3,822
Ranked #127 nationally
Median Total Costs
$5,577
−17.3% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,292
Median Lender Credits
$301
Cost Rank (500+ vol.)
#251
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,437 | 6.625% | $5,406 | $1,292 |
| fha | 191 | 6.500% | $9,257 | $1,504 |
| va | 163 | 6.125% | $7,138 | $499 |
| usda | 31 | 6.250% | $5,473 | $1,554 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 776 | 6.500% | $4,921 | #20 |
| Florida | 579 | 6.625% | $7,849 | #77 |
| Texas | 547 | 6.625% | $7,787 | #112 |
| Louisiana | 520 | 6.500% | $5,339 | #16 |
| Arkansas | 370 | 6.500% | $4,083 | #17 |
| Georgia | 265 | 6.625% | $6,144 | #86 |
| North Carolina | 204 | 6.500% | $4,386 | #103 |
| Alabama | 181 | 6.500% | $4,035 | #53 |
| Mississippi | 104 | 6.625% | $4,004 | #47 |
| Missouri | 92 | 6.625% | $3,645 | #101 |
| South Carolina | 85 | 6.625% | $5,188 | #129 |
| Virginia | 22 | 6.625% | $5,260 | — |
| Kentucky | 8 | 6.688% | $5,685 | — |
| Illinois | 7 | 6.875% | $4,694 | — |
| California | 6 | 6.438% | $9,384 | — |
| Michigan | 6 | 6.938% | $6,293 | — |
| Colorado | 5 | 7.125% | $3,384 | — |
| Ohio | 5 | 6.875% | $5,254 | — |
| Oklahoma | 4 | 7.000% | $5,464 | — |
| Washington | 4 | 6.125% | $6,707 | — |
| Arizona | 3 | 6.125% | $4,636 | — |
| New York | 3 | 6.625% | $6,272 | — |
| Pennsylvania | 3 | 6.500% | $4,884 | — |
| Iowa | 2 | 6.875% | $4,831 | — |
| Indiana | 2 | 6.375% | $3,721 | — |
| Kansas | 2 | 6.375% | $3,673 | — |
| Minnesota | 2 | 7.000% | $5,148 | — |
| New Jersey | 2 | 6.750% | $11,215 | — |
| New Mexico | 2 | 6.562% | $11,694 | — |
| Nevada | 2 | 6.875% | $4,235 | — |
| Wisconsin | 2 | 6.938% | $4,089 | — |
| Connecticut | 1 | 6.625% | $6,602 | — |
| Montana | 1 | 7.125% | $5,959 | — |
| Nebraska | 1 | 6.625% | $6,296 | — |
| Oregon | 1 | 7.125% | $7,082 | — |
| Rhode Island | 1 | 6.625% | $3,664 | — |
| Utah | 1 | 6.000% | $5,262 | — |
| West Virginia | 1 | 6.000% | $5,153 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,872 | 6.500% | — | 64 | −$1,705 | |
| 2 | $4,006 | 6.500% | — | 138 | −$1,571 | |
| 3 | $4,256 | 6.500% | — | 49 | −$1,321 | |
| 4 | $4,421 | 6.625% | — | 197 | −$1,156 | |
| 5 | $4,660 | 6.500% | — | 51 | −$917 | |
| 6 | $4,694 | 6.500% | — | 74 | −$883 | |
| 7 | $5,033 | 6.500% | — | 157 | −$544 | |
| 8 | $5,205 | 6.625% | — | 43 | −$372 | |
| 9 | $5,218 | 6.500% | — | 73 | −$359 | |
| 10 | $5,362 | 6.625% | — | 94 | −$215 | |
| 11 | $6,005 | 6.625% | — | 148 | +$428 | |
| 12 | $6,234 | 6.500% | — | 68 | +$657 | |
| 13 | $6,347 | 6.625% | — | 85 | +$770 | |
| 14 | $6,420 | 6.625% | — | 70 | +$843 | |
| 15 | $7,324 | 6.500% | — | 67 | +$1,747 | |
| 16 | $7,607 | 6.750% | — | 179 | +$2,030 | |
| 17 | $8,152 | 6.750% | — | 48 | +$2,575 | |
| 18 | $8,670 | 6.500% | — | 65 | +$3,093 | |
| 19 | $9,061 | 6.625% | — | 116 | +$3,484 | |
| 20 | $9,510 | 6.750% | — | 75 | +$3,933 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.