What are the different types of home loans offered by First Horizon?

First Horizon Home Loans offers a variety of mortgage products tailored to meet different needs and financial situations. These options include conventional loans, which are designed for borrowers with stable credit history and income, and often come with competitive interest rates. There are also government-backed loans, such as FHA loans that assist first-time home buyers or those with lower credit scores by requiring smaller down payments and more flexible qualification criteria. In addition to these, First Horizon may provide VA loans, which are available for eligible veterans and active-duty service members. These loans are particularly attractive as they typically do not require a down payment and offer favorable terms. Jumbo loans are also available for those seeking financing that exceeds the conforming loan limits, allowing borrowers to purchase higher-value properties. For customers interested in renovation projects, First Horizon likely offers renovation loans, enabling borrowers to finance their home improvements alongside their mortgage. Furthermore, they provide options for adjustable-rate mortgages, which may start with lower rates that adjust over time. Those seeking specialized products may find options such as loans for investment properties, as well as refinancing options for those looking to lower their monthly payments or tap into their home equity. It is advisable for potential borrowers to visit the current First Horizon website or contact their representatives for detailed information on the specific products, terms, and eligibility requirements.