Synovus Bank Mortgage Rates, Fees & Info
Columbus, GALEI: DX0JX77PRMOELF7VG772
Tax ID: 58-0201800
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Mortgage Data
Review & Overview
Synovus Bank is a small bank specializing in Home Purchase loans. Synovus Bank 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, Tampa, and Nashville among others. We have data for 116 markets. (Some data included below & more in-depth data is available with an active subscription.)Synovus Bank 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 Bank 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 relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.66% | 11/11/24 |
| 30 Year Conventional Purchase | 6.20% | 11/11/24 |
| 30 Year Conventional Refi | 6.33% | 11/11/24 |
| 30 Year Cash-out Refi | 6.74% | 11/11/24 |
| 30 Year FHA Purchase | 7.39% | 11/11/24 |
| 30 Year FHA Refi | 7.72% | 11/11/24 |
| 30 Year VA Purchase | 6.25% | 11/11/24 |
| 30 Year VA Refi | 6.89% | 11/11/24 |
| 30 Year USDA Purchase | 6.57% | 11/11/24 |
| 15 Year Conventional Purchase | 6.07% | 11/11/24 |
| 15 Year Conventional Refi | 6.09% | 11/11/24 |
| 15 Year Cash-out Refi | 6.09% | 11/11/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Synovus Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Synovus Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,709Origination Dollar Volume (All Markets)
$1,961,445,000Awards
Synovus Bank - 2023
Synovus Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Synovus Bank's average 30 year fixed mortgage rate was
7.73%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.25%.
Relative Fees (Closing Costs)
Synovus Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,442.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 1,764 | $536,660,000 | $304,229 | $9,575 | 7.96% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 450 | $84,620,000 | $188,044 | $7,045 | 7.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 324 | $81,650,000 | $252,006 | $6,001 | 7.57% |
| Outside of Metro Areas | 182 | $81,380,000 | $447,143 | $7,413 | 7.41% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 303 | $76,335,000 | $251,931 | $8,666 | 6.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 139 | $71,715,000 | $515,935 | $5,632 | 7.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 130 | $65,490,000 | $503,769 | $11,026 | 8.27% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 188 | $49,590,000 | $263,777 | $6,862 | 8.03% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 130 | $49,200,000 | $378,462 | $7,055 | 8.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 112 | $48,810,000 | $435,804 | $8,150 | 7.46% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 163 | $48,225,000 | $295,859 | $6,599 | 6.64% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 153 | $44,155,000 | $288,595 | $5,745 | 8.52% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $43,090,000 | $5,386,250 | $7,324 | 7.20% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 173 | $40,685,000 | $235,173 | $6,428 | 6.91% |
| SAVANNAH, GA (FHA|USDA|VA) | 117 | $39,515,000 | $337,735 | $6,495 | 7.81% |
| COLUMBIA, SC (FHA|USDA|VA) | 155 | $34,175,000 | $220,484 | $5,816 | 7.59% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 93 | $28,335,000 | $304,677 | $6,003 | 7.86% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 83 | $26,395,000 | $318,012 | $8,595 | 8.02% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 98 | $24,970,000 | $254,796 | $6,653 | 7.02% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 70 | $24,280,000 | $346,857 | $5,955 | 7.35% |
| SPARTANBURG, SC (FHA|USDA|VA) | 24 | $21,570,000 | $898,750 | $7,533 | 8.47% |
| ROME, GA (FHA|USDA|VA) | 92 | $20,240,000 | $220,000 | $9,206 | 6.81% |
| MONTGOMERY, AL (FHA|USDA|VA) | 89 | $17,925,000 | $201,404 | $5,072 | 7.85% |
| BRUNSWICK, GA (FHA|USDA|VA) | 48 | $17,750,000 | $369,792 | $12,607 | 7.87% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 52 | $17,680,000 | $340,000 | $6,393 | 8.05% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 49 | $17,625,000 | $359,694 | $6,784 | 7.55% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 68 | $17,340,000 | $255,000 | $9,167 | 8.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 66 | $16,930,000 | $256,515 | $8,907 | 8.17% |
| Statesboro, GA (FHA|USDA|VA) | 102 | $16,080,000 | $157,647 | $7,517 | 8.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 72 | $13,690,000 | $190,139 | $6,022 | 8.03% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 35 | $13,675,000 | $390,714 | $10,067 | 7.02% |
| DECATUR, AL (FHA|USDA|VA) | 63 | $13,295,000 | $211,032 | $6,784 | 6.74% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 73 | $12,445,000 | $170,479 | $5,986 | 7.83% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 47 | $12,405,000 | $263,936 | $5,552 | 7.06% |
| LaGrange, GA-AL (FHA|USDA|VA) | 75 | $12,215,000 | $162,867 | $7,172 | 7.80% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 77 | $12,035,000 | $156,299 | $7,030 | 7.10% |
| Calhoun, GA (FHA|USDA|VA) | 64 | $11,710,000 | $182,969 | $8,845 | 7.68% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 35 | $11,455,000 | $327,286 | $7,045 | 8.49% |
| Jasper, AL (FHA|USDA|VA) | 76 | $10,960,000 | $144,211 | $4,803 | 7.78% |
| GAINESVILLE, GA (FHA|USDA|VA) | 41 | $10,605,000 | $258,659 | $8,033 | 8.40% |
| ALBANY, GA (FHA|USDA|VA) | 58 | $10,270,000 | $177,069 | $7,268 | 7.45% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 18 | $9,550,000 | $530,556 | $4,849 | 7.34% |
| Seneca, SC (FHA|USDA|VA) | 11 | $8,255,000 | $750,455 | $6,120 | 6.94% |
| VALDOSTA, GA (FHA|USDA|VA) | 60 | $7,830,000 | $130,500 | $7,076 | 8.12% |
| Jefferson, GA (FHA|USDA|VA) | 28 | $7,210,000 | $257,500 | $8,379 | 7.79% |
| SUMTER, SC (FHA|USDA|VA) | 33 | $7,145,000 | $216,515 | $5,922 | 7.49% |
| Cullowhee, NC (FHA|USDA|VA) | 6 | $6,770,000 | $1,128,333 | $10,476 | 7.14% |
| DOTHAN, AL (FHA|USDA|VA) | 21 | $5,815,000 | $276,905 | $5,713 | 6.48% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 16 | $5,480,000 | $342,500 | $9,159 | 7.11% |
| MOBILE, AL (FHA|USDA|VA) | 23 | $5,435,000 | $236,304 | $4,588 | 6.98% |
| Cullman, AL (FHA|USDA|VA) | 12 | $5,120,000 | $426,667 | $6,185 | 6.74% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 18 | $4,650,000 | $258,333 | $9,768 | 8.35% |
| PANAMA CITY, FL (FHA|USDA|VA) | 10 | $4,370,000 | $437,000 | $7,568 | 7.00% |
| Georgetown, SC (FHA|USDA|VA) | 4 | $4,190,000 | $1,047,500 | $7,273 | 6.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $4,145,000 | $460,556 | $5,998 | 7.19% |
| Tifton, GA (FHA|USDA|VA) | 28 | $4,080,000 | $145,714 | $5,989 | 7.80% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 7.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 23 | $3,945,000 | $171,522 | $9,491 | 5.36% |
| Key West, FL (FHA|USDA|VA) | 4 | $3,690,000 | $922,500 | $26,116 | 8.39% |
| Alexander City, AL (FHA|USDA|VA) | 4 | $3,420,000 | $855,000 | $9,656 | 6.84% |
| Boone, NC (FHA|USDA|VA) | 4 | $3,010,000 | $752,500 | $6,282 | 6.35% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $2,865,000 | $955,000 | $9,283 | 6.00% |
| Albertville, AL (FHA|USDA|VA) | 8 | $2,800,000 | $350,000 | $4,863 | 7.46% |
| DALTON, GA (FHA|USDA|VA) | 25 | $2,645,000 | $105,800 | $6,018 | 8.30% |
| Thomasville, GA (FHA|USDA|VA) | 29 | $2,635,000 | $90,862 | $5,937 | 8.92% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 15 | $2,535,000 | $169,000 | $7,592 | 7.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 14 | $2,200,000 | $157,143 | $8,546 | 8.44% |
| Americus, GA (FHA|USDA|VA) | 15 | $1,835,000 | $122,333 | $5,539 | 7.93% |
| THE VILLAGES, FL (FHA|USDA|VA) | 4 | $1,830,000 | $457,500 | $15,568 | 6.72% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $7,711 | 7.22% |
| Moultrie, GA (FHA|USDA|VA) | 7 | $1,665,000 | $237,857 | $4,335 | 6.90% |
| Ozark, AL (FHA|USDA|VA) | 13 | $1,485,000 | $114,231 | $4,909 | 8.05% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $1,104 | 5.63% |
| St. Marys, GA (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $4,919 | 7.77% |
| Milledgeville, GA (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $6,072 | 6.44% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $3,335 | 7.97% |
| FLORENCE, SC (FHA|USDA|VA) | 8 | $1,330,000 | $166,250 | $6,959 | 8.84% |
| Enterprise, AL (FHA|USDA|VA) | 12 | $1,280,000 | $106,667 | $4,452 | 8.43% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $4,899 | 6.47% |
| Brevard, NC (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $5,026 | 6.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $9,574 | 6.50% |
| Orangeburg, SC (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $3,835 | 7.58% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $3,236 | 7.70% |
| Cornelia, GA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $8,111 | 8.10% |
| Newberry, SC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $11,208 | 8.91% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,795 | 6.63% |
| OCALA, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $9,514 | 4.33% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,357 | 6.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 8.53% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,920 | 5.75% |
| Summerville, GA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $5,596 | 7.22% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,257 | 7.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 6.68% |
| Thomaston, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,225 | 6.06% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,862 | 8.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.27% |
| Clewiston, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,899 | 8.43% |
| Jesup, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,022 | 6.63% |
| Crossville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,619 | 6.75% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,007 | 5.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $11,016 | 3.81% |
| Fort Payne, AL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,024 | 8.18% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.89% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,494 | 7.88% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,506 | 5.38% |
| Waycross, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.01% |
| Starkville, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 9.70% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.54% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.13% |
| West Point, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,836 | 6.38% |
| Toccoa, GA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 9.95% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,087 | 7.13% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,724 | 6.88% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.60% |
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Product Mix
For 2023, Synovus Bank's most frequently originated type of loan was HELOC, with 3,205 originations. Their 2nd most popular type was Conventional, with 2,654 originations.
Loan Reason
For 2023, Synovus Bank's most frequently cited loan purpose was Home Purchase, with 3,004 originations. The 2nd most popular reason was Other, with 1,494 originations.
Loan Duration/Length
For 2023, Synovus Bank's most frequently cited loan duration was 30 Year, with 5,953 originations. The 2nd most popular length was 5 Year, with 267 originations.
Origination Fees/Closing Costs
Synovus Bank's average total fees were $7,442, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,056 originations.
Interest Rates
During 2023, Synovus Bank's average interest rate for loans was 7.73%, while their most frequently originated rate bucket for loans was Over 8%, with 3,160 originations.
Loan Sizing
2023 saw Synovus Bank place emphasis on $200k-400k loans with 2,102 originations, totaling $590,210,000 in origination value.
Applicant Income
Synovus Bank lent most frequently to those with incomes in the $250k+ range, with 1,388 originations. The second most popular income band? $100k-150k, with 1,220 originations.
Applicant Debt to Income Ratio
Synovus Bank lent most frequently to those with DTI ratios of 20-30%, with 1,078 originations. The next most common DTI ratio? 30-36%, with 1,022 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.20%
Synovus Bank has a below average approval rate.
Pick Rate
Approvals leading to origination75.08%
Synovus Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,709 | $1,961,445,000 | $292,360 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,709 | $1,961,445,000 | $292,360 |