Synovus Bank Mortgage Rates, Fees & Info

Columbus, GA

LEI: DX0JX77PRMOELF7VG772

Tax ID: 58-0201800

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.66% 4/22/24
30 Year Conventional Purchase 6.20% 4/22/24
30 Year Conventional Refi 6.33% 4/22/24
30 Year Cash-out Refi 6.74% 4/22/24
30 Year FHA Purchase 7.39% 4/22/24
30 Year FHA Refi 7.72% 4/22/24
30 Year VA Purchase 6.25% 4/22/24
30 Year VA Refi 6.89% 4/22/24
30 Year USDA Purchase 6.57% 4/22/24
15 Year Conventional Purchase 6.07% 4/22/24
15 Year Conventional Refi 6.09% 4/22/24
15 Year Cash-out Refi 6.09% 4/22/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

11,852

Origination Dollar Volume (All Markets)

$3,370,470,000
Show all (29) awards

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%
Synovus Bank's top markets include Atlanta, Tampa, Nashville, Birmingham, and Miami among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Synovus Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 7,182 $1,448,070,000 $201,625 n/a 5.52%
    Conventional 3,850 $1,704,790,000 $442,803 $5,739 4.60%
    FHA 568 $141,450,000 $249,032 $9,403 4.99%
    VA 185 $62,345,000 $337,000 $7,986 4.69%
    USDA 67 $13,815,000 $206,194 $6,611 4.59%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,736 $1,570,730,000 $420,431 $6,472 4.65%
    Other 3,646 $720,670,000 $197,660 $5,865 5.51%
    Refi 2,228 $666,670,000 $299,224 $6,373 5.27%
    Home Improvement 1,938 $307,080,000 $158,452 $7,035 5.63%
    Cash Out Refi 304 $105,320,000 $346,447 $5,522 4.19%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 10,721 $2,738,475,000 $255,431 $6,281 5.23%
    5 Year 329 $122,545,000 $372,477 $25 4.75%
    30+ year 220 $217,800,000 $990,000 $11,697 4.50%
    15 Year 201 $51,415,000 $255,796 $4,718 3.90%
    Other 186 $76,900,000 $413,441 $10,544 5.07%
    1 Year 82 $23,350,000 $284,756 $0 5.97%
    10 Year 67 $25,805,000 $385,149 $1,272 4.92%
    20 Year 29 $9,715,000 $335,000 $4,251 4.25%
    3 Year 17 $104,465,000 $6,145,000 $0 4.64%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,426 $528,270,000 $370,456
    $1k-2k 823 $275,085,000 $334,247
    $2k-3k 638 $241,650,000 $378,762
    $5k+ 491 $307,535,000 $626,344
    $3k-4k 351 $120,655,000 $343,746
    $4k-5k 245 $87,755,000 $358,184

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 3,507 $998,185,000 $284,626
    5-6% 2,685 $672,895,000 $250,613
    3-4% 2,060 $873,550,000 $424,053
    6-7% 1,869 $407,715,000 $218,146
    7-8% 873 $154,365,000 $176,821
    Over 8% 430 $48,320,000 $112,372
    2.5-3% 226 $151,620,000 $670,885
    <2.5% 201 $63,735,000 $317,090

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,386 $939,220,000 $277,383 $6,574 5.16%
    $100k-200k 3,317 $467,875,000 $141,054 $4,667 5.38%
    $100,000 or less 2,974 $167,920,000 $56,463 $1,392 5.36%
    $400k-600k 1,121 $534,515,000 $476,820 $7,095 4.90%
    $600k-1MM 625 $463,795,000 $742,072 $7,957 4.63%
    $1MM+ 429 $797,145,000 $1,858,147 $12,812 4.08%

    2022 saw Synovus Bank place emphasis on $200k-400k loans with 3,386 originations, totaling $939,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2,340 $614,470,000 $262,594 $6,826 5.30%
    $250k+ 2,295 $1,293,575,000 $563,649 $8,765 5.01%
    $100k-150k 2,274 $453,520,000 $199,437 $6,496 5.35%
    $50k-75k 1,626 $248,960,000 $153,112 $5,547 5.07%
    $75k-100k 1,538 $271,420,000 $176,476 $6,462 5.31%
    $50k or less 1,033 $118,025,000 $114,255 $4,247 4.73%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,254 $619,540,000 $274,862 $6,136 5.12%
    30-36% 1,886 $489,830,000 $259,719 $6,057 5.25%
    <20% 1,356 $418,740,000 $308,805 $6,222 5.03%
    44% 569 $116,835,000 $205,334 $5,825 5.66%
    49% 500 $116,570,000 $233,140 $7,006 4.85%
    42% 445 $125,175,000 $281,292 $6,457 5.15%
    45% 418 $99,600,000 $238,278 $6,286 5.51%
    43% 413 $103,305,000 $250,133 $6,826 5.20%
    41% 412 $119,430,000 $289,879 $6,405 5.13%
    40% 401 $112,445,000 $280,411 $5,887 5.31%
    39% 388 $102,130,000 $263,222 $5,556 5.23%
    50-60% 372 $96,370,000 $259,059 $9,448 5.10%
    38% 367 $90,995,000 $247,943 $6,010 5.17%
    37% 348 $93,400,000 $268,391 $5,823 5.18%
    48% 311 $69,785,000 $224,389 $6,175 4.78%
    36% 311 $89,065,000 $286,383 $6,225 5.11%
    46% 278 $89,080,000 $320,432 $7,808 4.92%
    47% 259 $76,275,000 $294,498 $7,122 4.88%
    >60% 21 $5,965,000 $284,048 $8,854 4.66%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,805 $2,314,205,000 $262,829 $6,200 5.21%
    Not provided 1,274 $398,730,000 $312,975 $6,929 5.14%
    Not applicable 348 $301,810,000 $867,270 $0 5.45%
    Black 1,042 $222,940,000 $213,954 $6,559 4.96%
    Asian 320 $110,090,000 $344,031 $7,519 4.89%
    American Indian 32 $12,720,000 $397,500 $6,493 4.75%
    Asian Indian 12 $4,750,000 $395,833 $6,178 4.83%
    Native Hawaiian or Islander 13 $2,565,000 $197,308 $5,019 5.01%
    Chinese 2 $1,170,000 $585,000 $6,550 4.94%
    Korean 2 $970,000 $485,000 $9,132 5.63%
    Other Asian 1 $355,000 $355,000 $9,305 6.25%
    1 $165,000 $165,000 $5,103 3.63%

    Approval Rates

    Total approvals of all applications
    81.38%

    Synovus Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.97%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3,288 $680,510,000 $206,968 $4,950 5.48%
    40-60% 1,416 $597,200,000 $421,751 $5,680 5.16%
    60-80% 1,643 $841,215,000 $511,999 $6,851 4.80%
    80-100% 2,529 $954,235,000 $377,317 $6,751 4.91%
    Over 100% 69 $28,355,000 $410,942 $13,601 4.78%
    Under 20% 2,887 $265,015,000 $91,796 $392 5.30%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Synovus Bank Conventional home mortgage Trouble during payment process 1 100.0%