Lender profile · HMDA 2023–2025
First Horizon Bank mortgage approval rates & lending data
First Horizon Bank decided 28,709 mortgage applications and funded 20,998 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 91% | 11,293 / 12,344 | 99% | $445K | 11,195 |
| Home improvement loans | 57% | 4,860 / 8,589 | 93% | $105K | 4,539 |
| Cash-out refinance | 69% | 471 / 681 | 99% | $225K | 465 |
| Refinance | 70% | 4,071 / 5,810 | 95% | $195K | 3,851 |
| Investment property purchase | 88% | 746 / 845 | 100% | $275K | 743 |
| Investment cash-out refinance | 64% | 63 / 99 | 95% | $195K | 60 |
| Investment refinance | 55% | 93 / 170 | 94% | $185K | 87 |
| Investment home improvement | 37% | 64 / 171 | 91% | $155K | 58 |
First Horizon Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Tennessee | 70% | $175K | 9,346 | 6,260 |
| Florida | 73% | $675K | 4,459 | 3,137 |
| Louisiana | 76% | $305K | 3,825 | 2,821 |
| Texas | 88% | $585K | 2,776 | 2,414 |
| North Carolina | 67% | $135K | 2,350 | 1,496 |
| Arkansas | 82% | $225K | 1,751 | 1,406 |
| Georgia | 86% | $615K | 1,327 | 1,119 |
| Alabama | 83% | $355K | 1,066 | 866 |
| Mississippi | 81% | $295K | 481 | 381 |
| South Carolina | 80% | $465K | 469 | 362 |
| Missouri | 91% | $295K | 280 | 254 |
| New York | 80% | $1.22M | 167 | 130 |
| Virginia | 90% | $795K | 82 | 72 |
| New Jersey | 85% | $1.04M | 53 | 45 |
| California | 79% | $925K | 33 | 25 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.