Lender profile · HMDA 2023–2025
Synovus Bank mortgage approval rates & lending data
Synovus Bank decided 13,152 mortgage applications and funded 9,764 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 88% | 5,152 / 5,874 | 99% | $255K | 5,094 |
| Home improvement loans | 64% | 1,895 / 2,983 | 89% | $105K | 1,687 |
| Cash-out refinance | 61% | 172 / 284 | 97% | $235K | 166 |
| Refinance | 74% | 2,283 / 3,092 | 90% | $215K | 2,064 |
| Investment property purchase | 88% | 453 / 513 | 97% | $245K | 441 |
| Investment cash-out refinance | 46% | 13 / 28 | 100% | $185K | 13 |
| Investment refinance | 90% | 252 / 279 | 97% | $105K | 245 |
| Investment home improvement | 56% | 55 / 99 | 98% | $165K | 54 |
Synovus Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Georgia | 81% | $215K | 5,807 | 4,464 |
| Florida | 68% | $225K | 3,377 | 2,138 |
| Alabama | 85% | $215K | 2,297 | 1,885 |
| South Carolina | 81% | $245K | 1,223 | 943 |
| Tennessee | 77% | $305K | 404 | 296 |
| North Carolina | 97% | $325K | 34 | 33 |
| Michigan | 0% | — | 2 | 0 |
| Mississippi | 100% | $235K | 2 | 2 |
| Kansas | 0% | — | 1 | 0 |
| Kentucky | 100% | $4M | 1 | 1 |
| Ohio | 0% | — | 1 | 0 |
| Oregon | 100% | $775K | 1 | 1 |
| Texas | 100% | $9.01M | 1 | 1 |
| Virginia | 0% | — | 1 | 0 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.