Synovus Mortgage Corp Rates, Fees & Info
Birmingham, ALLEI: 549300HWKC3HG76QHU70
Tax ID: 63-1113916
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Mortgage Data
Review & Overview
Synovus Mortgage Corp is a smaller mortgage company specializing in Home Purchase loans. Synovus Mortgage Corp has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Columbus, Birmingham, Nashville, and Pensacola among others. We have data for 117 markets. (Some data included below & more in-depth data is available with an active subscription.)Synovus Mortgage Corp has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Synovus Mortgage Corp is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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Originations
4,241Origination Dollar Volume (All Markets)
$898,765,000Awards
Synovus Mortgage Corp - 2019
Synovus Mortgage Corp is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 558 | $132,730,000 | $237,867 | $6,577 | 4.06% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 401 | $74,755,000 | $186,421 | $6,003 | 3.90% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 282 | $65,620,000 | $232,695 | $5,680 | 4.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 211 | $60,345,000 | $285,995 | $6,614 | 4.06% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 225 | $42,985,000 | $191,044 | $6,018 | 4.18% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 172 | $36,700,000 | $213,372 | $6,734 | 4.37% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 94 | $24,190,000 | $257,340 | $6,531 | 4.37% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 107 | $22,615,000 | $211,355 | $6,658 | 4.02% |
| COLUMBIA, SC (FHA|USDA|VA) | 97 | $22,125,000 | $228,093 | $5,762 | 4.07% |
| Outside of Metro Areas | 110 | $21,590,000 | $196,273 | $5,355 | 4.07% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 109 | $21,015,000 | $192,798 | $5,307 | 3.84% |
| SAVANNAH, GA (FHA|USDA|VA) | 79 | $19,045,000 | $241,076 | $6,370 | 4.35% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 110 | $18,510,000 | $168,273 | $5,389 | 3.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 77 | $18,355,000 | $238,377 | $6,813 | 4.19% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 75 | $18,215,000 | $242,867 | $6,616 | 4.16% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 89 | $16,945,000 | $190,393 | $5,092 | 4.11% |
| DECATUR, AL (FHA|USDA|VA) | 92 | $14,150,000 | $153,804 | $5,621 | 3.91% |
| VALDOSTA, GA (FHA|USDA|VA) | 77 | $14,005,000 | $181,883 | $6,074 | 3.93% |
| Statesboro, GA (FHA|USDA|VA) | 64 | $13,040,000 | $203,750 | $5,674 | 4.06% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 69 | $12,285,000 | $178,043 | $5,737 | 3.99% |
| Jasper, AL (FHA|USDA|VA) | 68 | $12,250,000 | $180,147 | $5,118 | 4.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 43 | $10,995,000 | $255,698 | $6,313 | 4.24% |
| MONTGOMERY, AL (FHA|USDA|VA) | 46 | $10,100,000 | $219,565 | $6,386 | 4.04% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 48 | $9,820,000 | $204,583 | $5,140 | 4.29% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 43 | $9,625,000 | $223,837 | $5,837 | 4.07% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 30 | $9,520,000 | $317,333 | $7,271 | 3.90% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 46 | $9,010,000 | $195,870 | $5,554 | 4.12% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 36 | $8,860,000 | $246,111 | $5,886 | 4.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 33 | $8,785,000 | $266,212 | $6,133 | 4.20% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 42 | $8,680,000 | $206,667 | $6,719 | 4.29% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 45 | $8,165,000 | $181,444 | $5,618 | 4.27% |
| ROME, GA (FHA|USDA|VA) | 42 | $7,120,000 | $169,524 | $5,010 | 4.15% |
| Calhoun, GA (FHA|USDA|VA) | 47 | $7,065,000 | $150,319 | $5,444 | 3.94% |
| Thomasville, GA (FHA|USDA|VA) | 37 | $6,125,000 | $165,541 | $6,242 | 4.12% |
| LaGrange, GA-AL (FHA|USDA|VA) | 40 | $6,020,000 | $150,500 | $5,075 | 4.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 24 | $5,570,000 | $232,083 | $5,759 | 4.13% |
| ALBANY, GA (FHA|USDA|VA) | 32 | $5,550,000 | $173,438 | $5,173 | 4.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 25 | $5,435,000 | $217,400 | $6,806 | 4.20% |
| MOBILE, AL (FHA|USDA|VA) | 32 | $5,140,000 | $160,625 | $4,974 | 3.95% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 17 | $4,815,000 | $283,235 | $6,872 | 4.03% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 22 | $4,230,000 | $192,273 | $5,604 | 3.96% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 24 | $4,150,000 | $172,917 | $5,542 | 4.41% |
| St. Marys, GA (FHA|USDA|VA) | 21 | $4,095,000 | $195,000 | $6,426 | 4.07% |
| GAINESVILLE, GA (FHA|USDA|VA) | 11 | $3,555,000 | $323,182 | $6,594 | 4.09% |
| Tifton, GA (FHA|USDA|VA) | 23 | $3,475,000 | $151,087 | $5,103 | 4.04% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 14 | $3,410,000 | $243,571 | $6,311 | 4.27% |
| SPARTANBURG, SC (FHA|USDA|VA) | 17 | $3,175,000 | $186,765 | $6,229 | 4.13% |
| SUMTER, SC (FHA|USDA|VA) | 18 | $2,730,000 | $151,667 | $4,711 | 4.15% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 14 | $2,510,000 | $179,286 | $6,588 | 4.11% |
| Jefferson, GA (FHA|USDA|VA) | 10 | $2,510,000 | $251,000 | $6,282 | 4.04% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 11 | $2,285,000 | $207,727 | $5,208 | 4.32% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,125,000 | $236,111 | $5,359 | 4.07% |
| Enterprise, AL (FHA|USDA|VA) | 8 | $1,780,000 | $222,500 | $5,447 | 3.83% |
| DALTON, GA (FHA|USDA|VA) | 11 | $1,455,000 | $132,273 | $4,811 | 4.42% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $6,980 | 3.56% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $5,462 | 4.13% |
| Cullman, AL (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $5,443 | 3.80% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $5,690 | 4.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $4,405 | 4.05% |
| Milledgeville, GA (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $4,743 | 4.07% |
| DOTHAN, AL (FHA|USDA|VA) | 9 | $1,095,000 | $121,667 | $4,228 | 4.17% |
| Ozark, AL (FHA|USDA|VA) | 10 | $1,030,000 | $103,000 | $4,140 | 4.29% |
| Alexander City, AL (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $5,677 | 4.04% |
| CLEVELAND, TN (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $5,130 | 4.34% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,200 | 4.06% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $5,697 | 4.46% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,818 | 4.08% |
| Toccoa, GA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,087 | 3.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,662 | 3.75% |
| Albertville, AL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $5,844 | 4.04% |
| Americus, GA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $4,678 | 3.81% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,232 | 3.75% |
| GADSDEN, AL (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $4,244 | 4.13% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,375 | 4.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,598 | 4.56% |
| Greenwood, SC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,780 | 4.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $9,723 | 3.88% |
| Shelbyville, TN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,912 | 3.69% |
| Palatka, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,635 | 4.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,094 | 3.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,243 | 4.56% |
| Newberry, SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,206 | 4.50% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,563 | 4.25% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,562 | 3.31% |
| Clewiston, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,469 | 4.06% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,967 | 3.88% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,128 | 4.00% |
| Cordele, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,808 | 4.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,979 | 4.25% |
| Troy, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,841 | 3.63% |
| Newport, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,327 | 3.44% |
| Union, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,620 | 3.56% |
| Thomaston, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,005 | 4.25% |
| Crossville, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,843 | 5.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,146 | 3.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,277 | 4.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,058 | 4.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,792 | 3.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,310 | 4.69% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,694 | 4.38% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,900 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,963 | 4.50% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,087 | 3.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,502 | 4.88% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,716 | 4.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,916 | 3.25% |
| Selma, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,422 | 4.25% |
| Dublin, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,042 | 4.63% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,169 | 3.38% |
| Douglas, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,332 | 4.38% |
| Seneca, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,157 | 4.38% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,530 | 3.25% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,733 | 4.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,296 | 5.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,982 | 3.88% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,772 | 4.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,501 | 3.75% |
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Product Mix
For 2019, Synovus Mortgage Corp's most frequently originated type of loan was Conventional, with 2,945 originations. Their 2nd most popular type was FHA, with 816 originations.
Loan Reason
For 2019, Synovus Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 3,129 originations. The 2nd most popular reason was Cash Out Refi, with 581 originations.
Loan Duration/Length
For 2019, Synovus Mortgage Corp's most frequently cited loan duration was 30 Year, with 3,769 originations. The 2nd most popular length was 15 Year, with 354 originations.
Origination Fees/Closing Costs
Synovus Mortgage Corp's average total fees were $6,159, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1,566 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,302 | $509,970,000 | $221,533 |
| 4-5% | 1,654 | $334,330,000 | $202,134 |
| 5-6% | 210 | $38,720,000 | $184,381 |
| 2.5-3% | 72 | $15,350,000 | $213,194 |
| 6-7% | 3 | $395,000 | $131,667 |
During 2019, Synovus Mortgage Corp's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 2,302 originations.
Loan Sizing
2019 saw Synovus Mortgage Corp place emphasis on $100k-200k loans with 1,824 originations, totaling $272,050,000 in origination value.
Applicant Income
Synovus Mortgage Corp lent most frequently to those with incomes in the $50k-75k range, with 1,082 originations. The second most popular income band? $50k or less, with 904 originations.
Applicant Debt to Income Ratio
Synovus Mortgage Corp lent most frequently to those with DTI ratios of 20-30%, with 865 originations. The next most common DTI ratio? 30-36%, with 809 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.61%
Synovus Mortgage Corp has an average approval rate.
Pick Rate
Approvals leading to origination67.18%
Synovus Mortgage Corp has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,241 | $898,765,000 | $211,923 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 4,241 | $898,765,000 | $211,923 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Synovus Bank | Conventional home mortgage | Trouble during payment process | 4 | 66.7% |
| Synovus Bank | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |
| Synovus Bank | Other type of mortgage | Struggling to pay mortgage | 1 | 16.7% |