Understanding First Horizon mortgage rates is key if you’re planning to finance a home through this regional bank. While rates aren’t listed online, several trusted sources offer insights into how First Horizon stacks up in 2025.
This guide will walk you through what to expect, how rates are determined, and what makes this lender different from the rest.
Understanding First Horizon Mortgage Rates in 2025
If you’re thinking about buying a home in 2025, First Horizon Bank is one of the lenders you might come across, especially if you live in the Southeastern U.S. This regional bank offers a wide variety of mortgage options to fit different needs and financial situations.
Whether you’re buying your first home or refinancing, you’ll find choices like fixed-rate loans, adjustable-rate mortgages (ARMs), and loans backed by the government, such as FHA, VA, and USDA. They also have special lending programs for first-time homebuyers, low-income borrowers, and even healthcare professionals.
First Horizon serves customers across 12 states, mostly in the Southeast, including Tennessee, Florida, North Carolina, and others. Their team works directly with you to help choose the right mortgage product based on your financial goals.
Now, let’s talk about current First Horizon mortgage rates. As of early 2025, the average rate for a 30-year fixed mortgage across the U.S. ranged between 6% and 7%:
| Loan Type | Average Interest Rate | Notes |
|---|---|---|
| 30‑Year Fixed‑Rate Mortgage | ~7.35% | The average rate First Horizon customers paid in 2024 (according to OriginationData) |
| Rates Frequency Range | 6–7% Range | Most common bucket of loan rates among First Horizon borrowers |
| Other Fixed Durations | Varies (~6.47%–8.61%) |
These numbers give us a helpful frame of reference when looking at what First Horizon might offer, even though they don’t publish real-time rate data on their website.
Instead, to understand how competitive First Horizon really is, we’ll look at available averages from trusted sources and compare them to national benchmarks.
Current Landscape: U.S. Mortgage Rates in 2025
As of early 2025, mortgage rates in the U.S. are still high. In January 2025, the average rate rose to 7.04%, according to The Wall Street Journal, marking one of the highest points in recent years.
If you’re looking at a typical 30-year fixed mortgage, expect rates between 6.5% and 6.75%. For those considering a 15-year fixed mortgage, the range is a bit lower, around 5.75% to 6.10%. If you’re open to a 5/1 adjustable-rate mortgage (ARM), which offers a fixed rate for the first five years before adjusting annually, rates typically fall between 5.50% and 5.75%.
It’s important to remember these are average market rates. The exact rate you get can vary depending on your credit score, down payment, loan type, and the lender you choose. Two people applying for the same loan might receive very different offers.
How First Horizon Mortgage Rates Compare
Unlike some national banks, First Horizon does not post mortgage rates publicly on its website. To find out their latest offers, you’ll need to speak directly with a mortgage loan officer. That said, several trusted third-party sources provide insights based on real loan data.
For example, according to OriginationData, the average 30-year fixed mortgage rate at First Horizon in 2024 was around 7.35%. That’s a bit above the national average. However, the average closing costs came in at approximately $6,428, which is competitive.
Another source, Tomo Mortgage, released a TrueRate analysis in April 2025. It showed that First Horizon mortgage rates are about 0.15% lower than the typical rates offered by other lenders. On top of that, the bank’s average lender fees were only around $1,182, which is significantly lower than many competitors. This means you could save more over time, even if the initial rate looks similar to other banks.
In short, First Horizon may not advertise their rates, but when you factor in low fees and slightly better interest offers, their mortgage packages can be quite attractive.
Key Factors Affecting First Horizon Mortgage Rates
First Horizon mortgage rates aren’t one-size-fits-all. Several factors affect what you’ll pay over the life of your First Horizon home loan:
- Loan type: Adjustable-rate mortgages (ARMs), such as the 5/1 ARM, are usually lower at first, but can increase later. These rates are closely tied to Treasury bond yields and the performance of mortgage-backed securities. If those rise, so will your ARM rate.
- Economic conditions: Big-picture trends also matter. If inflation is rising or the Federal Reserve increases interest rates to slow the economy, mortgage rates usually go up. On the other hand, if inflation cools and the Fed cuts rates, mortgage rates tend to drop.
- Your financial profile: Your credit score, income, job stability, and debt-to-income ratio all play a role in what rate a lender offers you. Better financial health usually means better rates.
Understanding these factors can help you shop smarter, compare offers better, and choose the loan that fits your budget now and in the future.
First Horizon Home Loan Products
First Horizon Bank offers a flexible range of mortgage options that can work for different types of borrowers, from new homeowners to seasoned buyers and even those looking to refinance. Here’s what you’ll typically find in their lineup:
- Conventional Fixed-Rate Mortgages: These loans offer steady monthly payments over a set term, usually 10, 15, 20, or 30 years. They’re a great choice if you plan to stay in your home for a long time.
- Adjustable-Rate Mortgages (ARMs): These start with a low introductory rate for the first 3, 5, 7, or 10 years. Following that, the rate fluctuates yearly in response to market conditions. This option works well if you plan to move or refinance before the rate resets.
- FHA Loans: These loans are backed by the Federal Housing Administration. They are intended for applicants with weaker credit ratings or little money for a down payment.
- VA Loans: Available to eligible veterans and active-duty service members, VA loans offer zero down payment and no private mortgage insurance (PMI).
- USDA Loans: These government-backed loans are intended for rural homebuyers who meet income and location requirements.
- Special Programs for First-Time Buyers and Medical Professionals: First Horizon offers tailored programs with reduced fees, special rates, and educational resources for first-time buyers. Medical professionals may also benefit from flexible underwriting and reduced documentation requirements.
While the bank doesn’t display specific First Horizon mortgage rates on its website, they emphasize competitive, customized rates. In other words, what you’ll pay depends on your credit score, down payment, income level, and the type of loan you choose. This personalized approach helps ensure that each borrower gets a loan structure that fits their unique needs.
You can start the application process by speaking directly with a loan originator in your area for rate estimates and prequalification options. First Horizon also provides helpful tools like mortgage calculators and checklists to guide you step by step.
How to Get A Rate Quote
Getting a mortgage rate quote from First Horizon is simple if you follow the right steps:
- Start online or visit a branch: You can begin by going to the First Horizon mortgage page. Look for a button that says “Get Started” or “Apply Now”. This will let you fill out a form so a loan officer can contact you. You’ll need to enter basic information like your name, contact details, and loan type.
- Call directly: If you prefer speaking with someone, you can call their mortgage team by phone at 866-206-4330. A loan officer will explain the loan options available to you and help you request a personalized rate quote.
- Speak with a loan officer: First Horizon focuses on giving personal attention. When you talk to a loan specialist, they’ll help you go through prequalification. They can also explain what affects your First Horizon mortgage rates and what documents you’ll need to move forward.
- Use ZIP-based rate tools: In some cases, their website may ask for your ZIP code. This helps narrow down loan offers based on your location. However, you’ll usually still need to speak with a loan officer to get your exact mortgage rate and details.
In short, even though you can begin the process over the phone or online, interacting with a loan officer in person is the best approach to obtain an accurate quote. This way, you’ll understand not only your potential rate, but also your options and costs.
How to Compare First Horizon Mortgage Rates Smartly
Once you’ve received your quote, comparing it with other lenders is key to finding the best deal.
- Gather multiple quotes quickly: It’s a smart move to get quotes from several lenders, not just one. The more quotes you get, the better your chances of finding a low rate and better terms.
- Compare APR, not just interest rate: Don’t just focus on the First Horizon mortgage rates. The APR, which includes both the rate and extra fees, will give you a better picture of what you’ll actually pay over time.
- Request Loan Estimates at the same time: Ask each lender to send you a Loan Estimate on the same day. This helps make the comparison fair, since rates can change daily. When reviewing the estimates, check for fees, penalties, and any unclear terms that might affect your cost.
- Use First Horizon mortgage calculators: Online tools and calculators can help you see the full cost of a loan. You can plug in the rate, term, and loan amount to see what your monthly payments would look like and how much interest you’d pay in total.
- Check service and support quality: Interest rates aren’t the only thing that matters. Good customer service makes a big difference. Look for lenders who explain things clearly and respond quickly. Read reviews, ask questions, and make sure you feel confident in their support before moving forward.
- Consider rate locks and future refinancing: If you’re happy with a quoted rate today, consider locking it in to protect against future increases. And if experts are correct in predicting a late-2025 rate drop, you can always explore refinancing later to secure a lower rate.
By comparing carefully and looking beyond just the numbers, you can choose the home loan program that fits your budget, your goals, and your peace of mind.
FAQs about First Horizon Mortgage Rates
What are the current First Horizon Bank mortgage rates?
- As of 2025, First Horizon’s mortgage rates vary by loan type, term, and your credit profile. You can check the most recent rates directly on the First Horizon mortgage page or by calling a loan specialist for a custom quote.
Can I lock in my mortgage rate with First Horizon?
- Yes. First Horizon allows you to lock in your mortgage rate during the loan process to protect you from rising interest rates before closing.
Do I need a First Horizon bank account to get a mortgage?
- No, you don’t need to be an existing customer. However, having a First Horizon account may help streamline the application process or qualify you for relationship benefits.
Are First Horizon mortgage rates the same in every state?
- No. Mortgage rates may vary by state due to local regulations, property taxes, and market conditions. First Horizon serves 12 Southeastern states with localized pricing.
What credit score is needed to qualify for the best mortgage rates at First Horizon?
- To qualify for the lowest rates, you typically need a credit score of 740 or higher. Lower scores may still qualify, but with higher interest rates or limited loan options.
First Horizon mortgage rates in 2025 seem to fall slightly above national averages but may offer savings in closing costs and access to tailored programs. With U.S. rates trending modestly downward, flexibility and planning are key. Talking with one of their Loan Originators can give you the full picture and help you make smart choices.
