First Horizon Home Loans, like many financial institutions, may impose various fees associated with obtaining a mortgage. These fees can generally vary based on the type of loan, the specific terms, and the borrower's financial situation. Common fees associated with First Horizon Home Loans may include an application fee, an underwriting fee, and a processing fee. Additionally, there may be costs for services such as appraisals, credit reports, and title insurance.
Homebuyers should also be aware of closing costs, which typically encompass a variety of fees required to finalize a mortgage. Closing costs may include origination fees, discount points, and prepayment of property taxes and homeowners insurance.
It is important for prospective borrowers to thoroughly review the Loan Estimate, which is provided after applying for a mortgage. This document outlines all associated fees and helps borrowers understand their total loan costs. For the most current and detailed information regarding fees for First Horizon Home Loans, visiting their official website or referring to the relevant paperwork during the loan application process may provide the most accurate insights.