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Last Updated: 04/18/2025

First Horizon Bank Home Equity Line Of Credit

from First Horizon Bank

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

$10,000 - $500,000

Maximum LTV

N/A

Minimum Draw

N/A

Loan Term (Years)

N/A

First Horizon Bank Home Equity Line Of Credit Review

First Horizon Bank Home Equity Line Of Credit is offered by First Horizon Bank (NMLS #472329), a bank founded in 1864 and based in Memphis, TN. First Horizon Bank Home Equity Line Of Credit are available in 6 states.

Key Takeaways

Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

First Horizon Bank Home Equity Line Of Credit Pros & Cons

Pros

Cons

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.
Only available in 6 states.

First Horizon Bank Home Equity Line Of Credit FAQ

What are the terms for First Horizon Bank Home Equity Line Of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.

First Horizon Bank Home Equity Line Of Credit offers a draw period of up to 10 years

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does First Horizon Bank Home Equity Line Of Credit charge for a HELOC?

First Horizon Bank Home Equity Line Of Credit may charge an origination fee.

What types of property can you use as security for a HELOC with First Horizon Bank Home Equity Line Of Credit?

First Horizon Bank may consider HELOCs secured by the following property types:

Primary residences
Secondary or vacation homes

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Message from First Horizon Bank Home Equity Line Of Credit

Access the equity in your home via a line of credit that you can use as you need funds. Put your equity to work toward home improvements, debt consolidation, or other major purchases with a Home Equity Line of Credit (HELOC). Withdraw funds as you need them, and you can choose to pay interest only on that portion of the line you use during the draw period. In addition to using a HELOC for debt consolidation and home improvements, you may also use it to purchase a new home. You can use the Purchase HELOC for your primary residence.

Contact

Headquarters

165 Madison Avenue

Memphis, TN 38101

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

7:00AM - 10:00PM

Tuesday

7:00AM - 10:00PM

Wednesday

7:00AM - 10:00PM

Thursday

7:00AM - 10:00PM

Friday

7:00AM - 10:00PM

Saturday

8:00AM - 5:00PM

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SuperMoney Net Recommendation Score

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-1000+100

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