Synovus Bank closing costs and rates (2024)
In 2024, Synovus Bank originated 1,834 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $6,830. That ranks #241 nationally by origination volume. For total closing costs among lenders with 500+ originations, Synovus Bank ranks #357. That is $89 above the national median of $6,741. Synovus Bank is most active in Georgia with 817 originations there.
Purchase Originations
1,834
Ranked #241 nationally
Median Total Costs
$6,830
+1.3% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,249
Median Lender Credits
$74
Cost Rank (500+ vol.)
#357
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,117 | 6.625% | $5,670 | $2,280 |
| fha | 470 | 6.125% | $9,456 | $2,454 |
| va | 184 | 6.125% | $7,176 | $1,432 |
| usda | 63 | 6.125% | $6,257 | $1,733 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Georgia | 817 | 6.375% | $7,291 | #30 |
| Alabama | 528 | 6.375% | $6,037 | #24 |
| Florida | 293 | 6.500% | $8,286 | #133 |
| South Carolina | 158 | 6.500% | $5,371 | #89 |
| Tennessee | 30 | 6.625% | $5,867 | — |
| North Carolina | 6 | 6.438% | $5,809 | — |
| Mississippi | 2 | 6.438% | $6,335 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,242 | 6.500% | — | 91 | −$1,588 | |
| 2 | $5,249 | 6.500% | — | 26 | −$1,581 | |
| 3 | $5,310 | 6.500% | — | 45 | −$1,520 | |
| 4 | $5,352 | 6.625% | — | 27 | −$1,478 | |
| 5 | $5,518 | 6.375% | — | 27 | −$1,312 | |
| 6 | $5,677 | 6.375% | — | 41 | −$1,153 | |
| 7 | $6,334 | 6.250% | — | 41 | −$496 | |
| 8 | $6,370 | 6.250% | — | 30 | −$460 | |
| 9 | $6,731 | 6.625% | — | 49 | −$99 | |
| 10 | $6,798 | 6.625% | — | 27 | −$32 | |
| 11 | $6,926 | 6.500% | — | 143 | +$96 | |
| 12 | $7,193 | 6.625% | — | 36 | +$363 | |
| 13 | $7,665 | 6.312% | — | 34 | +$835 | |
| 14 | $7,680 | 6.125% | — | 61 | +$850 | |
| 15 | $7,825 | 6.500% | — | 26 | +$995 | |
| 16 | $7,841 | 6.250% | — | 73 | +$1,011 | |
| 17 | $8,127 | 6.500% | — | 34 | +$1,297 | |
| 18 | $8,436 | 6.375% | — | 61 | +$1,606 | |
| 19 | $9,543 | 6.250% | — | 43 | +$2,713 | |
| 20 | $10,273 | 6.125% | — | 28 | +$3,443 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.