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 mid-sized bank specializing in Home Purchase and Other loans. Synovus Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Tampa, Nashville, Birmingham, and Miami among others. We have data for 135 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% | 12/17/24 |
30 Year Conventional Purchase | 6.20% | 12/17/24 |
30 Year Conventional Refi | 6.33% | 12/17/24 |
30 Year Cash-out Refi | 6.74% | 12/17/24 |
30 Year FHA Purchase | 7.39% | 12/17/24 |
30 Year FHA Refi | 7.72% | 12/17/24 |
30 Year VA Purchase | 6.25% | 12/17/24 |
30 Year VA Refi | 6.89% | 12/17/24 |
30 Year USDA Purchase | 6.57% | 12/17/24 |
15 Year Conventional Purchase | 6.07% | 12/17/24 |
15 Year Conventional Refi | 6.09% | 12/17/24 |
15 Year Cash-out Refi | 6.09% | 12/17/24 |
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
11,852Origination Dollar Volume (All Markets)
$3,370,470,000Synovus Bank - 2022
Synovus Bank is a 2022 , due to their low .
For 2022, 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) | 3,199 | $832,975,000 | $260,386 | $8,143 | 5.32% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 647 | $156,985,000 | $242,635 | $5,172 | 4.64% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 429 | $143,495,000 | $334,487 | $6,581 | 5.14% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 528 | $135,600,000 | $256,818 | $4,821 | 5.15% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 350 | $124,360,000 | $355,314 | $9,032 | 5.22% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 318 | $122,130,000 | $384,057 | $5,258 | 5.31% |
COLUMBUS, GA-AL (FHA|USDA|VA) | 581 | $113,645,000 | $195,602 | $5,649 | 5.03% |
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 376 | $112,780,000 | $299,947 | $6,624 | 5.30% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 331 | $112,065,000 | $338,565 | $7,804 | 5.00% |
Outside of Metro Areas | 287 | $106,025,000 | $369,425 | $6,647 | 4.97% |
JACKSONVILLE, FL (FHA|USDA|VA) | 234 | $92,820,000 | $396,667 | $6,451 | 4.98% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 158 | $80,480,000 | $509,367 | $6,964 | 5.40% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 277 | $76,505,000 | $276,191 | $5,994 | 5.09% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 167 | $74,625,000 | $446,856 | $9,729 | 5.07% |
SAVANNAH, GA (FHA|USDA|VA) | 202 | $74,010,000 | $366,386 | $7,348 | 4.97% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 30 | $63,300,000 | $2,110,000 | $4,762 | 3.63% |
HUNTSVILLE, AL (FHA|USDA|VA) | 255 | $62,925,000 | $246,765 | $4,771 | 5.00% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 168 | $58,090,000 | $345,774 | $5,479 | 5.30% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 184 | $55,190,000 | $299,946 | $8,840 | 5.51% |
COLUMBIA, SC (FHA|USDA|VA) | 235 | $51,455,000 | $218,957 | $4,566 | 5.43% |
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 177 | $46,295,000 | $261,554 | $6,414 | 4.95% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 155 | $42,665,000 | $275,258 | $8,433 | 5.10% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 98 | $42,350,000 | $432,143 | $7,981 | 4.98% |
GAINESVILLE, GA (FHA|USDA|VA) | 85 | $27,565,000 | $324,294 | $8,427 | 5.11% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 65 | $26,945,000 | $414,538 | $6,348 | 5.06% |
CHATTANOOGA, TN-GA (FHA|USDA|VA) | 93 | $26,655,000 | $286,613 | $5,899 | 5.35% |
TUSCALOOSA, AL (FHA|USDA|VA) | 111 | $24,645,000 | $222,027 | $6,716 | 5.39% |
Statesboro, GA (FHA|USDA|VA) | 139 | $22,155,000 | $159,388 | $6,108 | 5.32% |
AUBURN-OPELIKA, AL (FHA|USDA|VA) | 111 | $21,505,000 | $193,739 | $5,360 | 4.95% |
DECATUR, AL (FHA|USDA|VA) | 102 | $21,070,000 | $206,569 | $4,660 | 5.14% |
Jefferson, GA (FHA|USDA|VA) | 89 | $20,645,000 | $231,966 | $9,039 | 5.55% |
BRUNSWICK, GA (FHA|USDA|VA) | 72 | $18,520,000 | $257,222 | $6,364 | 5.15% |
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $18,005,000 | $18,005,000 | $0 | 2.16% |
LaGrange, GA-AL (FHA|USDA|VA) | 107 | $17,325,000 | $161,916 | $5,429 | 5.45% |
ROME, GA (FHA|USDA|VA) | 88 | $16,350,000 | $185,795 | $6,273 | 5.18% |
MONTGOMERY, AL (FHA|USDA|VA) | 76 | $16,020,000 | $210,789 | $4,390 | 5.14% |
WARNER ROBINS, GA (FHA|USDA|VA) | 80 | $15,150,000 | $189,375 | $5,693 | 5.08% |
TALLAHASSEE, FL (FHA|USDA|VA) | 67 | $14,655,000 | $218,731 | $5,600 | 4.72% |
VALDOSTA, GA (FHA|USDA|VA) | 81 | $13,875,000 | $171,296 | $4,793 | 5.65% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 43 | $13,775,000 | $320,349 | $4,151 | 5.18% |
ALBANY, GA (FHA|USDA|VA) | 71 | $13,365,000 | $188,239 | $6,163 | 5.45% |
Jasper, AL (FHA|USDA|VA) | 71 | $13,125,000 | $184,859 | $4,688 | 5.26% |
Calhoun, GA (FHA|USDA|VA) | 93 | $13,035,000 | $140,161 | $6,451 | 5.22% |
MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 51 | $12,765,000 | $250,294 | $5,936 | 5.16% |
SUMTER, SC (FHA|USDA|VA) | 55 | $11,355,000 | $206,455 | $4,256 | 5.31% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 32 | $11,350,000 | $354,688 | $6,220 | 5.48% |
DOTHAN, AL (FHA|USDA|VA) | 37 | $10,625,000 | $287,162 | $4,933 | 5.11% |
Seneca, SC (FHA|USDA|VA) | 12 | $10,130,000 | $844,167 | $7,276 | 4.52% |
DALTON, GA (FHA|USDA|VA) | 48 | $9,550,000 | $198,958 | $7,200 | 5.32% |
Georgetown, SC (FHA|USDA|VA) | 11 | $8,395,000 | $763,182 | $11,116 | 5.36% |
SPARTANBURG, SC (FHA|USDA|VA) | 57 | $8,155,000 | $143,070 | $4,310 | 5.54% |
Tifton, GA (FHA|USDA|VA) | 36 | $7,780,000 | $216,111 | $7,727 | 5.35% |
Alexander City, AL (FHA|USDA|VA) | 6 | $7,690,000 | $1,281,667 | $6,258 | 4.57% |
PANAMA CITY, FL (FHA|USDA|VA) | 15 | $7,535,000 | $502,333 | $13,427 | 4.66% |
PUNTA GORDA, FL (FHA|USDA|VA) | 36 | $6,980,000 | $193,889 | $6,282 | 4.82% |
MOBILE, AL (FHA|USDA|VA) | 31 | $6,525,000 | $210,484 | $3,597 | 5.06% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 30 | $5,990,000 | $199,667 | $9,900 | 5.27% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 17 | $5,545,000 | $326,176 | $6,453 | 4.89% |
Thomasville, GA (FHA|USDA|VA) | 40 | $5,030,000 | $125,750 | $4,547 | 5.97% |
Talladega-Sylacauga, AL (FHA|USDA|VA) | 5 | $4,645,000 | $929,000 | $8,156 | 4.32% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $4,480,000 | $320,000 | $4,874 | 5.77% |
Brevard, NC (FHA|USDA|VA) | 4 | $4,170,000 | $1,042,500 | $13,639 | 3.56% |
Cornelia, GA (FHA|USDA|VA) | 17 | $4,055,000 | $238,529 | $8,112 | 4.96% |
Milledgeville, GA (FHA|USDA|VA) | 8 | $3,660,000 | $457,500 | $14,019 | 5.27% |
Cullowhee, NC (FHA|USDA|VA) | 4 | $3,620,000 | $905,000 | $7,172 | 4.66% |
Enterprise, AL (FHA|USDA|VA) | 19 | $3,225,000 | $169,737 | $4,427 | 5.36% |
Key West, FL (FHA|USDA|VA) | 5 | $2,805,000 | $561,000 | $9,140 | 5.36% |
Albertville, AL (FHA|USDA|VA) | 11 | $2,805,000 | $255,000 | $5,559 | 5.81% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $2,765,000 | $553,000 | $4,578 | 4.68% |
Cullman, AL (FHA|USDA|VA) | 10 | $2,510,000 | $251,000 | $3,978 | 5.20% |
HAMMOND, LA (FHA|USDA|VA) | 1 | $2,485,000 | $2,485,000 | $0 | 4.17% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $1,995,000 | $1,995,000 | $16,130 | 4.88% |
Ozark, AL (FHA|USDA|VA) | 15 | $1,795,000 | $119,667 | $4,047 | 5.00% |
Sebastian-Vero Beach, FL (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $5,346 | 5.77% |
St. Marys, GA (FHA|USDA|VA) | 11 | $1,485,000 | $135,000 | $2,816 | 6.12% |
GAINESVILLE, FL (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $6,130 | 5.19% |
Newberry, SC (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $4,373 | 4.99% |
KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $5,264 | 4.04% |
OCALA, FL (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $4,934 | 4.27% |
Forest City, NC (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $4,561 | 4.00% |
FLORENCE, SC (FHA|USDA|VA) | 12 | $1,180,000 | $98,333 | $2,525 | 5.34% |
SEBRING-AVON PARK, FL (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $3,946 | 3.38% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 3.00% |
Americus, GA (FHA|USDA|VA) | 18 | $1,040,000 | $57,778 | $5,345 | 5.23% |
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $0 | 6.42% |
Cordele, GA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $0 | 6.77% |
CLEVELAND, TN (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $6,091 | 5.12% |
Moultrie, GA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $5,334 | 6.11% |
Toccoa, GA (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $4,051 | 4.59% |
RICHMOND, VA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 5.74% |
CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,542 | 5.00% |
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $4,419 | 4.71% |
Arcadia, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,867 | 4.87% |
Boone, NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,564 | 5.66% |
ASHEVILLE, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,311 | 6.00% |
Cedartown, GA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,944 | 5.50% |
Dublin, GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,171 | 6.06% |
Jesup, GA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 4.27% |
Atmore, AL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $5,048 | 3.75% |
Sevierville, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,160 | 6.13% |
GADSDEN, AL (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $4,175 | 5.64% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 4.45% |
Eufaula, AL-GA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,538 | 4.45% |
HATTIESBURG, MS (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,220 | 3.25% |
HINESVILLE, GA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 6.12% |
Dayton, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 5.90% |
Scottsboro, AL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,799 | 4.71% |
McMinnville, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,208 | 5.00% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 3.42% |
Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,932 | 4.21% |
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $9,911 | 5.20% |
Clewiston, FL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 6.63% |
Picayune, MS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,286 | 5.88% |
THE VILLAGES, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,358 | 3.75% |
Oxford, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,803 | 6.00% |
Palatka, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,726 | 5.88% |
ANNISTON-OXFORD, AL (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $3,002 | 5.78% |
Greenwood, SC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,398 | 4.27% |
Crossville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.54% |
Troy, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,461 | 5.25% |
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.03% |
Fort Payne, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.79% |
Lewisburg, TN (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 5.49% |
Thomaston, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,495 | 5.88% |
Okeechobee, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.50% |
Athens, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.99% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,477 | 5.13% |
Cookeville, TN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 4.67% |
Vidalia, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,754 | 4.25% |
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.29% |
Lake City, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.74% |
Waycross, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.69% |
Union, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.24% |
Marion, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.04% |
Douglas, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.54% |
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Product Mix
For 2022, Synovus Bank's most frequently originated type of loan was HELOC, with 7,182 originations. Their 2nd most popular type was Conventional, with 3,850 originations.
Loan Reason
For 2022, Synovus Bank's most frequently cited loan purpose was Home Purchase, with 3,736 originations. The 2nd most popular reason was Other, with 3,646 originations.
Loan Duration/Length
For 2022, Synovus Bank's most frequently cited loan duration was 30 Year, with 10,721 originations. The 2nd most popular length was 5 Year, with 329 originations.
Origination Fees/Closing Costs
Synovus Bank's average total fees were $6,281, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,426 originations.
Interest Rates
During 2022, Synovus Bank's average interest rate for loans was 5.23%, while their most frequently originated rate bucket for loans was 4-5%, with 3,507 originations.
Loan Sizing
2022 saw Synovus Bank place emphasis on $200k-400k loans with 3,386 originations, totaling $939,220,000 in origination value.
Applicant Income
Synovus Bank lent most frequently to those with incomes in the $150k-250k range, with 2,340 originations. The second most popular income band? $250k+, with 2,295 originations.
Applicant Debt to Income Ratio
Synovus Bank lent most frequently to those with DTI ratios of 20-30%, with 2,254 originations. The next most common DTI ratio? 30-36%, with 1,886 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.38%
Synovus Bank has a below average approval rate.
Pick Rate
Approvals leading to origination77.97%
Synovus Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 11,852 | $3,370,470,000 | $284,380 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
11,852 | $3,370,470,000 | $284,380 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Synovus Bank | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |