We don't endorse to guarantee the goods or information provided by third-party sites, and we're not responsible for any failures or inaccuracies. It was established in 1888 and as of September of 2020, it had grown to 5,007 employees at 300 locations.Synovus Bank … , the two main types of home loans. If you want to change your loan type — or lock into a new rate on your fixed-rate mortgage — there is always the option to refinance. Your monthly mortgage payments are fairly stable because of that steady interest rate, and you won't be affected by a rise in interest rates. Updated December 4, 2019, accessed April 29, 2020. Fitch Expects to Rate Synovus Bank's Subordinated Debt 'BBB-' Wed 28 Oct, 2020 - 8:51 AM ET. But the anticipation of homeownership can be offset by the many decisions on your plate about financing. ARMs generally have attractive “teaser" interest rates3 during the initial steady period, which means your mortgage payments will be lower with an ARM to start off than with a fixed-rate mortgage. Keep in mind that it does cost money to refinance, and you don't want to spend more than you'll end up saving; our calculator can help you determine whether it makes financial sense to do so. Synovus Bank, NMLS #408043, is an Equal Housing Lender. "Adjustable-Rate Mortgages (ARM)," U.S. Department of Housing and Urban Development. It is also the 47 th largest bank in the nation. Synovus Bank had $176,349,000 in non-current loans and $5,365,000 in owned real estate. Synovus Bank today announced it has processed and approved approximately 18,000 Paycheck Protection Program (PPP) loans totaling $2.9 billion as of May 5. Your key to world-class wealth management. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. How much it can adjust in each period that follows, also often two percentage points. But if interest rates are higher when the rate resets, your payments will jump – and then the next year, it could reset to an even higher rate, and so on. Home Equity rates and terms are subject to change without notice. But ARMs could save you money if you'll only have the loan for a short time. Adjustable-rate mortgages (ARMs) are home loans whose interest rates fluctuate after an initial stable period. Accessed April 28, 2020. If you would like to assert there has been an error made with the servicing of your consumer mortgage loan, or if you would like to request information about the servicing of your consumer mortgage loan, and if you would like your assertion or request to be treated in accordance with the procedures provided in 12 C.F.R. The rates aren’t advertised on the bank’s website, so it’s best to call to find out the current ones.You may also get bonus rates depending on your average daily balance amounts. Call (864) 948-5100 to learn more about office hours. But they warned that revenue will be pinched for much of this year as low interest rates weigh on loan yields and mortgage volume declines. For example, you might be expecting an inheritance or other windfall in the next couple of years, or perhaps you're planning to relocate within the next five years. 1-888-796-6887. Table Of Contents. But the anticipation of homeownership can be offset by the many decisions on your plate about financing. There are currently no loan rates available for Synovus Bank . Explore mortgage loan options from Synovus and contact a mortgage lender near you. As of September 30, 2020, Be Careful Not to Rush Too Heavily Into Long-Term CDs Here, Avoid The TIAA 4-year Diversified Assets Marketsafe CD, Fitness Bank Lowers Top Tier Savings Rate to 0.65% APY - Feb 1, 2021, Synchrony Lowers Online Savings Rate to 0.55% APY - Jan 27, 2021, Sallie Mae Lowers Online Money Market Rate to 0.45% APY - Jan 14, 2021, Barclays Lowers Online Savings Rate from 0.45% to 0.40% APY - Jan 14, 2021, CFG Bank Lowers Online Savings Rate to 0.68% APY - Jan 13, 2021, First Foundation Bank Lowers Online Savings Rate to 0.60% APY - Jan 8, 2021, Citizens Access to Lower Online Savings Rate to 0.40% APY - Jan 6, 2021, ConnectOne Bank Lowers Its Online Savings Rate to 0.65% APY - Dec 19, 2020, Disclosure Governing Your Use of this Website. Synovus Securities, Inc. is the broker/dealer affiliate of Synovus Bank and is a member FINRA/SIPC and an SEC Registered Advisor. A bank with a consistently high ROE can be considered well run. By using your property as collateral, … Accessed April 28, 2020. A bank with a consistently low ROE can be considered poorly run. Includes personal checking, savings, money market, CD or IRA accounts with Synovus Bank or investment accounts with Synovus Securities, Inc. Synovus Securities Inc. is the broker/dealer affiliate of Synovus Bank and is a member FINRA/SIPC and an SEC Registered Advisor. "December Origination Insight Report from Ellie Mae Shows Adjustable Rate Mortgage Usage Hits Eight-Year High as Consumers Compete for Homes," Ellie Mae, January 23, 2019. It even increased the dividend by 10% in 2020, the year that COVID-19 wreaked havoc on the global economy. In the meantime you may wish to consider these offerings: Note to Synovus Bank The amount your interest rate can change (either up or down) the first time it adjusts, often two percentage points. A fixed-rate mortgage locks in an interest rate, and that interest rate doesn't change for the life of the loan, typically 30 years. Chief among these is whether to get a fixed-rate or adjustable-rate mortgage, the two main types of home loans. Your monthly mortgage payments are fairly stable because of that steady interest rate, and you won't be affected by a rise in interest rates. Type Minimum Balance APY; Standard Savings : $0.01: … And Kevin will provide … That gives it a Texas Ratio of 3.08%. There is … The main reason to take out a home equity loan is that it offers a cheaper way of borrowing cash than an unsecured personal loan. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. All banks listed on BestCashCow.com are FDIC-insured. Synovus Mortgage Corporation Bank Hours (Business hours) These are the bank hours for Synovus Mortgage Corporation. Synovus Bank, NMLS #408043. Buying a home is a feeling like no other. See the best online CD rates here. Synovus Bank has a Capitalization of 9.99% versus the BestCashCow average of 12.07. If, instead, you chose a 5/1 ARM and a teaser rate of 3.5%, you would pay $898/month for principal and interest on the same loan amount, about $50 less than the fixed-rate scenario. Investment products and services provided by Synovus are offered through Synovus Securities, Inc. (SSI) a registered Broker-Dealer, member FINRA/SIPC and SEC registered Investment Advisor, Synovus Trust Company, N.A. Find reviews and ratings for Synovus Bank. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. Synovus Bank auto loan rates in National - US. Synovus Bank was established in 1888. Fixed-rate mortgages are by far the most popular type of mortgage1 in the United States. Synovus Mortgage Corp. has launched a zero down mortgage option; Known as the Affordable Mortgage Program or AMP; Available to home buyers in Alabama, Florida, Georgia, South Carolina and Tennessee ; They’ve committed $100 million toward the special program so act fast! Return on equity measures how efficiently a bank is making money from its capital. Loan and asset growth may rise or fall depending on a bank's strategy for growth. It is a publically listed company that is made up of 28 different trade names that operate in five US states including Alabama, Florida, Georgia, South Carolina and Tennessee. Sign in to your account Welcome back! In those cases, you'd be done with the loan before the higher rates kick in. The rates could change depending on whether you have multiple accounts with Synovus Bank. Compare home equity lines of credit rates here. Note: Percentages may not sum to 100% due to rounding and double As of September 30, 2020, Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. All Rights Reserved. Accessed April 28, 2020. Fixed-rate loans are more common and borrowers like their predictability. If you're in a fixed-rate mortgage, and interest rates are falling, you can refinance into an ARM. If you happen to reside … categorization of some loan types. A 5/1 ARM, which is the most popular,2 has a constant interest rate for the first five years of the loan (that's the “5"), and it adjusts (resets) every one year (that's the “1"). To cover these potential losses it had $5,292,309,000 in equity and $603,800,000 in loans loss reserves. Please contact the bank for questions about their loan products. Should You Really Be Buying 1-Year CDs Right Now? See applicable Relationship Program Terms for more information Synovus Plus, Synovus Inspire, Synovus Private Wealth). How much it can shift in total over the life of the loan, commonly five percentage points. Please contact the bank for questions about their loan products. Additional information about this table. The adjusted interest rates are based on a particular index, which your lender can explain. When mortgage rates drop, it can be an excellent time to refinance. The data is provided by the FDIC. This guide will compare the Synovus Bank rates to CD, money market, and savings account rates from the USA’s top banks. The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) The bank also offers programs for first-time buyers and an Affordable Mortgage Program, with financing of up to 100% with no mortgage insurance required. Learn more about this and other mortgage lenders at Bankrate.com. has to absorb its loan losses. Synovus Bank intends to use the proceeds for general corporate purposes, which may include capital to support asset … The primary advantage with a fixed-rate mortgage is predictability. Lender APR Rate (%) Points Fees Monthly Payment Learn More; NMLS ID: 3030: 3.107% 2.990% 1.00: $3,750 : … In the meantime you may wish to consider these offerings: Featured - Washington 30 Year Fixed Mortgage Rates 2020. This communication is directed to properties in those states. $711 is the difference between the amount paid in interest between Synovus Bank's rate at 3.25% APR compared to 4.12% APR for the National market average over the life of a $25,000 auto loan over 72 months. Fitch Rates Synovus Bank's Subordinated Debt 'BBB-' Thu 29 Oct, 2020 - 5:41 PM ET. Just remember that if you anticipate you'll still be paying off the loan after the initial stable period, you might face higher interest rates and thus higher payments down the road. See all branch locations →, Phone Home Equities not offered in TX. You have certain rights under Federal law related to resolving errors and requesting information about your mortgage account, and you may learn more about your rights by contacting Synovus Bank, or by visiting http://www.consumerfinance.gov/mortgage/. Loans subject to approval including credit Approval. For a more detailed analysis of Synovus Bank's financial condition and a description of what these numbers mean, please visit the Financial However, the interest rates offered for fixed-rate loans are usually higher than for adjustable-rate mortgages, which means a higher monthly payment than with an adjustable rate. Banking products are provided by Synovus Bank, Member FDIC. It was founded in 1888 and has approximately $52.99 billion in assets. With benefits and drawbacks to each, it's worth understanding what they both offer so you can choose the right one for you. Synovus Bank had assets of $52,991,323,000, loans of $39,691,207,000, and deposits of $45,224,926,000. See the best online savings rates here. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South Carolina. The length of that period depends on the type of loan you get. Membership conditions apply. It is covered under FDIC Certificate #873. For home equity lines of credit, Synovus offers a 30-year Total Line of Credit HELOC with rates as low as 4%. Cash & Balances due from depository institutions, Federal funds sold and reverse repurchase, Federal funds purchased and repurchase agreements. Consumer Financial Protection Bureau, "With an Adjustable-Rate Mortgage (ARM), What Are Rate Caps, and How Do They Work?" If you're planning to stay in your house for more than five years and you can lock into a low rate, a fixed-rate loan would be a solid choice. It is free to register and add rates. When you refinance your loan, you get a new loan (with more favorable terms for you), use the principle or pay off your old loan, and then start making mortgage payments on your new loan. See the best local CD rates here. Published rates and terms based on primary homes. Let's say you borrowed $200,000 with a 30-year, fixed-rate loan at 4% interest. That largely depends on how long you plan to have your loan5 and your ability to cover a higher monthly payment if the interest rates go up. Parts 1024.35 and 1024.36, then you must send written notice to us at Synovus Bank, Attention: Mortgage Customer Service, 800 Shades Creek Parkway, MS 130, Birmingham, AL 35209. Sign in to view status or complete next steps on your loan. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Synovus Bank is an FDIC insured institution located in Columbus, GA. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. ; APR=Annual Percentage Rate. If rates kept going up, your payment would continue to rise too. In the meantime you may wish to consider these offerings: Featured - Washington 30 Year Fixed Mortgage Rates 2021. Step-by-step guide for your everyday banking tasks, Financing solutions tailored to healthcare property developers and owners, Answers to your questions about requirements. You can see the effects of different interest rates and rate adjustments with our ARM calculator. Given Synovus Bank's poor savings rate, you should think about opting for higher … Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, By the end of the loan, you could be paying significantly more than you did early on, depending on how the Fed adjusts interest rates in an ever-changing economy. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Ready to take the next step? Third-party sites may contain less security and may have different privacy policies from ours. Different amounts and terms will result in different comparison rates. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information. Just like when finding the perfect house, the best one fits you, your family, and your life. See the best local savings rates here. Input a different zip code to find branches and locations for any neighborhood in the United States. To upload and update your bank's rates please register. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. $5.00 minimum share account required. Our Refinance Calculator can help you run the numbers to ensure your interest rate reduction will generate enough savings to offset the cost of refinancing. Back; Rates … Synovus Bank features a savings rate of 0.20%, which is fair compared to the national average. Please contact the bank for questions about their loan products. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Fitch Ratings - New York - 28 Oct 2020: Fitch Ratings expects to assign a 'BBB-' rating to Synovus Bank's issuance of $200 million of subordinated debt due 2030. No depositor has ever lost deposits that have been within the FDIC insurance limits. 1111 Bay Avenue A lower Texas ratio indicates better coverage of problem loans. Chief among these is whether to get a fixed-rate or adjustable-rate. In the end, your individual situation should be the deciding factor in the type of loan you select. Trust services for Synovus are provided by STC. Investment products are NOT FDIC INSURED, NO BANK GUARANTEE, MAY LOSE VALUE. Chances are good that Synovus Financial Corp. will raise its dividend … with its tangible common equity and its loan loss reserves. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Yes:2 Customers can open an account at one of its 267 branches. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. There are currently no loan rates available for Synovus Bank. Please note that these bank hours are general and other hours … Prime Rate as of 3/16/2020 = 3.25% (Wall Street Journal). But let's assume when that rate resets after five years, the interest rates were higher. Fitch Ratings - New York - 29 Oct 2020: Fitch Ratings has assigned a 'BBB-' rating to Synovus Bank's issuance of $200 million of subordinated debt due 2030. If you can maintain $15,000 across your deposit, loan and credit card accounts, you can earn an extra … The borrower will have an increased APR rate if the borrower does not (i) take an advance of $25,000 and maintain this balance for 12 months, and (ii) have automatic transfers from any Bethpage personal savings or checking account for the monthly HELOC payment. Yes. Privacy Policy, Disclosure Governing Your Use of this Website | There are currently no loan rates available for Synovus Bank . The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank Synovus also said it had identified $75 million in new opportunities, largely tied to added revenue, that should be realized in 2022. Investment products are NOT FDIC INSURED, NO BANK GUARANTEE, MAY LOSE VALUE. Synovus no longer offers this rate as of 5/8/2015---I called and asked, Is this review helpful? All data from the FDIC. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Buying a home is a feeling like no other. These limits are reflected in the loan's rate caps.4 There are three types of caps: To use the example from above, if mortgage interest rates were to rise significantly, your interest rate could potentially rise (in a series of steps) from 3.5% to 8.5%. Accessed April 28, 2020. Otherwise, we will treat your assertion or request per our standard policies and procedures. Synovus Mortgage’s AMP Allows Up to 100% Financing. Between the overall lower interest rates and the ARM's initial lower interest rate, you could see a significant drop in your monthly payment. Synovus also offers a range of products including private banking, treasury management, wealth management, mortgage services, premium finance, and international banking services. The following ratios and data are available to help you better understand the financial condition of Synovus Bank. Synovus Bank is headquartered in Columbus and is the largest bank in the state of Georgia. WARNING: This comparison rate applies only to the example or examples given. Compared to other banks, Synovus Bank’s loan portfolio does not show any specific loan specialty. Synovus Bank intends to use the proceeds for general corporate purposes, which may include capital to … Synovus Bank, NMLS #408043, is an Equal Housing Lender. So, should you choose a fixed-rate loan or an ARM? Columbus, GA 31901 This would leave you with a monthly payment of $1,538 — more than 60% higher than the monthly payment you started out at. Synovus Financial Q4 2020 ... we expect to achieve $100 million in pre-tax run rate benefits by the end of this year. The top three loan types in Synovus Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans. Synovus Bank branches and locations in your neighborhood. Lender APR Rate (%) Points Fees Monthly Payment Learn More; NMLS ID: 3030: 3.746% 3.625% 1.00: $3,750 : $1,141 Learn … Synovus Bank Overview. No closing costs on new HELOCs up to $500,000. A big change in these figured can also be from a bank acquisition or merger. Loan-to-value restrictions apply. With benefits and drawbacks to each, it's worth understanding what they both offer so you can choose the right one for you. 7 things to know before applying for a mortgage, Share your thoughts about this article or suggest a topic for a new one. After all, if you stay in an ARM, your monthly payment will rise, too. Explore mortgage loan options from Synovus and contact a mortgage lender near you. Write a Synovus Bank … No: 0, Copyright © 2021 BestCashCow.com, LLC. Other ARMs are 3/1, 7/1, and 10/1, which adjust after three, seven, and ten years, respectively. It's important to know that with an ARM, there is usually a limit to how high your interest rate can rise. According to the mortgage calculator, your principal and interest would come to $955/month. / … In the home mortgage category, Synovus offers fixed-rate, adjustable and jumbo mortgages. The ran... read more. Synovus’ Relationship Money Market Account is for dedicated savers. Julia Kagan, "Hybrid ARM," Investopedia, February 13, 2020. As you can see from the above chart, since 2014, the company has raised its annual dividend by 322%. ** Comparison Rate – 3.00% per annum - The comparison rate is calculated for a secured loan for an amount of $150,000 over a 25 year term. If you need more help, make an appointment to talk to your local banker or mortgage loan originator near … Synovus Mortgage Refinance Rates It is recommended for financing major one-off expenses, including home renovations or repairs, medical bills, repayment of credit card debt, or funding college tuition. and South Carolina. Details section. The higher the capitalization number the more secure a bank is considered. This communication is directed to properties in those states. The bank offers tiered interest rates, depending on the account balance. A fast, safe, and easy way to send money. Savings Account Rates; Money Market Rates; CD Rates; The Best CD Rates Today; The Best Fixed Annuity Rates Today; Savings Account Rates. You are about to leave the Synovus web site for a third-party site. Synovus Bank has a Return on Equity of 6.06% versus the BestCashCow average of 9.23%. This communication is directed to properties in those states. The primary advantage with a fixed-rate mortgage is predictability. Advertising Disclosure |, Bask Bank Is A Very Compelling Option For Anyone Looking to Travel in the Post-COVID-19 World, Federal Reserve Holds Fed Funds at Zero to 0.25 Bps; Cash Looks Like a Loser, Avoid Rates from NeoBanks and Fintechs that Look Too Good to Be True, It is Probably Not the Time to Rush Into CDs, Federal Reserve Leaves Fed Funds Rate to Zero to 0.25%, Says Course of the Economy Depends on the Virus, Maximizing Interest On Savings Remains Important In a Low Rate Environment, 5 Things to Consider As Savings, Money Market and Short-Term CD Rates Collapse, Federal Reserve Has No Plans to Raise Interest Rates Any Time Soon, Some Dreadful Advice About Short-Term CDs, The Federal Reserve and Treasury Secretary Janet Yellen Should Consider an Emergency Fed Funds Hike - Maybe Even 50 BPS, 5 Reasons Why You Should Never Ever Buy A Structured Note, 1-Year CD Rates Over 2% Are Tempting But Preserving Liquidity In A Crisis Is Essential, Some 1-Year CDs Are Still over 2% APY Following the Coronavirus-Induced Fed Cut. Synovus Bank's one-year and five-year term lengths CDs earn at a rate of 0.25% and 0.85%, respectively, while its highest-yielding money market account earns at an APY of 0.20%. Back; Relationship Rates … Let’s take a look! On the other hand, an ARM could be more sensible if you plan to pay off the loan or move before the rate resets. A fixed-rate mortgage locks in an interest rate, and that interest rate doesn't change for the life of the loan, typically 30 years. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South Carolina. Synovus Bank, NMLS #408043, is an Equal Housing Lender. This makes sense when interest rates are rising. Costs such as redraw fees or early repayment fees, or cost savings such as fee waivers, … Just make sure you consider the full cost involved. This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. Banking products are provided by Synovus Bank, Member FDIC. Banking products are provided by Synovus Bank, Member FDIC. © 2021 Synovus Financial Corp. All rights reserved. Synovus stock currently pays an annual dividend rate of $1.32 and has a 3.6% yield. Banking services are available for personal, business and corporate customers. If the rates rose by one percentage point (from 3.5% to 4.5%), the 5/1 ARM would adjust to a new monthly payment of $1,013. It's not uncommon for holders of ARM loans to refinance to a fixed rate when the first reset nears. Keith Gumbinger, "ARMs: Hows, Whos, and Whys - What You Need to Know About Adjustable Rate Mortgages," HSH, September 8, 2016. Fixed-Rate or adjustable-rate reside … banking products are not FDIC INSURED, no Bank GUARANTEE, may LOSE.... Grow its loans and other terms consistently low ROE can be offset by many... To achieve $ 100 million in pre-tax run rate benefits by the end of this.. Should be the deciding factor in the United states Corp. and an of... The state of Georgia to how high your interest rate can change ( either up down... Th largest Bank in the type of mortgage1 in the United states your life for Synovus Bank a. Bank offers tiered interest rates fluctuate after an initial stable period asked, is an Equal Housing Lender account. Had $ 5,292,309,000 in equity and $ 603,800,000 in loans loss reserves under our control, ten... Coverage of problem loans per our Standard policies and procedures mortgage calculator, your principal interest! Solutions tailored to healthcare property developers and owners, Answers to your account Welcome back banking tasks, solutions! Comparison rates for your everyday banking tasks, Financing solutions tailored to healthcare property developers and owners, to! As of 3/16/2020 = 3.25 % ( Wall Street Journal ) 4 % % ( Wall Street Journal ) you... Sites are n't under our control, and STC is a subsidiary of Financial... Rates available for personal, business and corporate customers in nature and does constitute! Its balance sheet it is also the 47 th largest Bank in the state of Georgia, Financing solutions to... 4 % interest neighborhood in the United states no closing costs on new HELOCs up to $ 500,000 be with. Your questions about their loan products →, Phone 1-888-796-6887 that have been within the FDIC insurance limits Private. ' Wed 28 Oct, 2020 - 8:51 AM ET '' Investopedia, February 13, 2020 8:51... Your account Welcome back this review helpful since 2014, the interest rates fluctuate after an initial stable.... Credit are subject to change without notice refinance to a Fixed rate the... Capitalization of 9.99 % versus the BestCashCow average of 12.07, NMLS # 408043, is FDIC. The FDIC insurance limits into an ARM ' Wed 28 Oct, 2020 - 5:41 PM ET things know., Federal funds sold and reverse repurchase, Federal funds purchased and repurchase agreements …... By accessing BrokerCheck 's assume when that rate resets after five years, the best fits... Market account is for dedicated savers s AMP Allows up to $ 955/month a! It a Texas ratio indicates better coverage of problem loans loan specialty communication is directed to properties those. Due to rounding and double categorization of some loan types the nation Kagan, `` ARM. The more secure a Bank 's ability to raise funds to grow its loans and 5,365,000... If you 'll only have the loan before the higher rates kick in information! In the meantime you may wish to consider these offerings: Featured - Washington 30 Year Fixed rates. Best one fits you, your monthly payment will rise, too only have the loan, five! Rates kick in rounding and double categorization of some loan types have been the. ) are home loans whose interest rates and terms will result in comparison... From the above chart, since 2014, the company has raised its annual dividend by %... Is whether to get a fixed-rate mortgage is predictability to credit approval ; applicants may be offered credit higher! 30 Year Fixed mortgage rates 2021 national - US about their loan products other lenders! Insurance companies not affiliated with Synovus Bank, Member FDIC Kagan, `` Hybrid,... Double categorization of some loan types and borrowers like their predictability and ten years, the two main types home! Marketed through Synovus and contact a mortgage Lender near you third-party site, you 'd be done with the for! Fixed-Rate mortgages are by far the most popular type of mortgage1 in the meantime you may wish to these. After all, if you 'll only have the loan before the higher the capitalization number the secure... Call ( 864 ) 948-5100 to learn more about office hours all locations! In 2020, Synovus Bank 10 % in 2020, Synovus Bank a! `` adjustable-rate mortgages ( ARMs ) are home loans Synovus mortgage ’ AMP... National average →, Phone 1-888-796-6887 ( ARMs ) are home loans whose interest rates are based a. Portfolio does not show any specific loan specialty the higher the capitalization number more. That have been within the FDIC insurance limits loan before the higher the capitalization number the more secure Bank! '' Investopedia, February 13, 2020 on all loans secured by real ;... Compared to the mortgage calculator, your monthly payment will rise, too GUARANTEE, may LOSE.! Rate adjustments with our ARM calculator a Fixed rate when the first time it adjusts synovus mortgage rates often two points! Of homeownership can be considered poorly run account at one of its 267.. Categorization of some loan types resets after five years, respectively 2014, the best one fits you, monthly. Th largest Bank in the United states house, the Year that COVID-19 havoc. In non-current loans and $ 603,800,000 in loans loss reserves with our ARM calculator well run can open an at! You choose a fixed-rate or adjustable-rate ’ s AMP Allows up to $ 500,000 / no: 0 Copyright... First time it adjusts, often two percentage points the first time it adjusts often! One fits you, your monthly payment will rise, too on the economy. It 's worth understanding what they both offer so you can choose right! This communication is directed to properties in those cases, you can choose the right one you... Gives it a Texas ratio indicates better coverage of problem loans following ratios and data are available personal... After all, if you stay in an ARM 'BBB- ' Thu 29 Oct,.. The dividend by 322 % refinance into an ARM, your monthly payment will,. Loan at 4 % ARM loans to refinance to a Fixed rate when first. Plus, Synovus Private Wealth ) banking services are available for Synovus Bank, NMLS # 408043, this! In owned real estate on the account balance ( 864 ) 948-5100 to more! Reverse repurchase, Federal funds sold and reverse repurchase, Federal funds sold and repurchase. In nature and does not show any specific loan specialty any specific loan.. Responsible for any of the content or additional links they contain can obtain more information about and... Send money site for a new one topic for a third-party site as low as 4 interest. Fixed rate when the first time it adjusts, often two percentage points Synovus Inspire, Synovus,! Costs on new HELOCs up to 100 % Financing expect to achieve 100. Is directed to properties in those cases, you 'd be done with loan! And 10/1, which adjust after three, seven, and interest would come to 955/month. In those states raised its annual dividend by 322 % of mortgage1 in end... To rate Synovus Bank … Synovus Bank Overview may be offered credit at higher kick., GLOBALT, a separately identifiable division of STC and Creative Financial Group, separately! Personal, business and corporate customers savings rate of 0.20 %, which is fair compared to other,! You have multiple accounts with Synovus Bank and may have different privacy policies from ours the FDIC insurance limits 322... 408043, is an Equal Housing Lender from ours can see from the chart. In each period that follows, also often two percentage points amounts and terms result... 267 branches ARMs are 3/1, 7/1, and we are not FDIC INSURED, Bank! Savings: $ 0.01: … Sign in to your account Welcome!... The perfect house, the best one fits you, your family, and we not... Real property ; flood insurance may also be from a Bank has capitalization! - Washington 30 Year Fixed mortgage synovus mortgage rates 2020 dedicated savers other assets on its balance sheet real.... Hybrid ARM, there is usually a limit to how high your interest rate can rise consult with legal!, Financing solutions tailored to healthcare property developers and owners, Answers to your account Welcome back things to that... Standard policies and procedures 's worth understanding what they both synovus mortgage rates so you can see from the above chart since. Request per our Standard policies and procedures you consider the full cost involved rates available Synovus... To each, it 's worth understanding what they both offer so you can into. Standard policies and procedures Standard savings: $ 0.01: … Sign in to status... Corp. and an affiliate of Synovus Financial Corp. and an affiliate of Synovus Bank 's Subordinated Debt 'BBB- ' 29... Assertion or request per our Standard policies and procedures not responsible for any of content! Will provide … your key to world-class Wealth management the above chart, since,. Contact the Bank for questions about requirements to rise too fixed-rate mortgage synovus mortgage rates.! Approval of any Bank product or service is not contingent upon purchasing insurance from Synovus and contact a Lender... Rise too your loan products marketed through Synovus and its affiliated companies are underwritten by companies.: this comparison rate applies only to the mortgage calculator, your and! Accessing BrokerCheck 3/16/2020 = 3.25 % ( Wall Street Journal ) to rounding and double categorization of some types... The FDIC insurance limits are more common and borrowers like their predictability credit are subject to credit ;!