consumersadvocate.org has been visited by 100K+ users in the past month Refinancing a mortgage means you'll pay off an existing loan and replace it with a new one. Save on personal mortgages at SmartBank. There are many reasons to refinance and replace an existing mortgage. Single family residence. The bank was established in 1888 under the name Columbus Bank and Trust Company, and now it manages more than $27 billion in assets through its network of products and services. Synovus Bank, NMLS #408043. 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. The bank was established in 1888 under the name Columbus Bank and Trust Company, and now it manages more than $27 billion in assets through its network of products and services. Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. Membership conditions apply. 7 things to know before applying for a mortgage. Many people refinance their mortgages in order to reduce monthly payments, switch from an adjustable-rate to a fixed-rate, or to pay off their mortgage early. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Current rates in Nashville, Tennessee are 2.87% for a 30 year fixed loan, 2.30% for 15 year fixed loan and 3.10% for a 5/1 ARM. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. However, to earn interest you must keep a minimum balance of $1000. Third-party sites may contain less security and may have different privacy policies from ours. South Carolina Federal offers its members many types of real estate loans including: First and second mortgages and home equity lines of credit; for purchase or refinancing; fixed or variable rates. Loan Assumptions and Disclosures These sample rates are published weekdays at 10:00am EST. Synovus Bank lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina and South Carolina. Sign in to view status or complete next steps on your loan. In general, refinancing a mortgage typically costs 2% to 3% of the amount you're financing. Whether you’re purchasing your first home or refinancing your current one, our physician home loans are specifically designed to suit your needs. Clients using a TDD/TTY device: 1-800-539-8336. Grow your deposits faster with best-of-market rates and save money on loans with terms that fit your needs. Synovus Bank Customer Reviews, Frequently Asked Questions, Rates, Branches, Related Articles, and Financial Summary - 2020 The primary advantage with a fixed-rate mortgage is predictability. 1 was here. Low Rates, More Home VA buyers qualify for up to 6% more house when partnering with CB&T Mortgage for their home loan. Later, I will write an article talking further about Synovus Bank home mortgage, such as types, application, interest rate, etc. When you’re ready to buy, build or renovate a home, our mortgage loan originators are here to share the insights they’ve gained from serving their local markets for years. This communication is directed to properties in those states. Home Equities not offered in TX. What are the Synovus Bank Premium Money Market Account rates? Others refinance in order to access cash to pay off other high-interest loans such as car loans and credit card loans. A jumbo loan is what it sounds like—big, meaning bigger than what would ordinarily be the limit. Clients using a relay service: We offer financing of up to $3 million on first and second homes, with both fixed- and adjustable-rate options. If you can make monthly mortgage payments but need 100% financing or perhaps assistance with the down payment, our suite of first-time homebuyer products may help you on the path to home ownership. The 30-year fixed loan is by far the most common loan program, but adjustable rate mortgage (ARM) and 15-year fixed loans offer lower rates. Refinance loan. You’ll have a fixed interest rate for a set period of time, usually three or five years. For mortgages, home loans, competitive mortgage rates and expert advice, contact a SmartBank representative today. Banking products are provided by Synovus Bank, Member FDIC. (The “conforming limit” set by Fannie Mae and Freddie Mac guidelines for a 1-unit property is $548,250 for most of the country.) Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Created with Highcharts 6.1.0. Loans are subject to approval, including credit approval. Current mortgage refinance rates Your key to world-class wealth management. 2204 Lakeshore Drive Birmingham, AL 35209 (205) 567-7337 Published rates and terms based on primary homes. Mortgage rates are going down and we're encountering a lot of unknowns with coronavirus. Refinancing also lets you change your mortgage terms so that if you're looking to pay off your home sooner, you can swap a 30-year mortgage for a 15-year loan -- and vice versa, if you're struggling with higher payments u… How Synovus Bank's Savings Rates Compare It carries a set interest rate for the life of the loan, which means you’ll never be affected by rising market rates. A cash-out refinance has 2 functions: it can be used to lower the interest rate on your mortgage, Affordable Home Loans And Mortgage Advice and to simultaneously borrow a large sum from the equity you’ve built up. Purchase, Refinance , Construction and Home Equity options available; A mortgage specialist can help you determine whether the Professional loan might be right for you. Other features of the account include free standard checks, up to four ATM withdrawal refunds a month and online and mobile banking. Synovus is an Equal Opportunity Employer supporting diversity in the workplace. Auto loan rates, mortgage loan rates, CD rates & more. Loan to Value of 80%. © 2021 Synovus Financial Corp. All rights reserved. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Here's some insight. Closing costs applicable and escrow required. Synovus Bank. Find your lowest mortgage or refinance rate today. Probably not. Synovus Bank Premium Money Market Account offers an APY starting at 0.05% and ranging up to 0.20% (APY stands for annual percentage yield, rates may change). Nashville, TN Mortgage Rates. Loan-to-Value (LTV) based on lesser of the appraised value or sales price of the subject property, which must appraise for at least the proposed sales price. If you're ok with the higher monthly payment of the 15-year fixed loan or the possibility of your rate changing with the ARM, one of these loan programs could help you pay much less interest over time for your home loan. Fixed-rate mortgages are by far the most popular type of mortgage 1 in the United States. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. The frequency of adjustments, the published index of interest rates and the margin rate will all be spelled out in the terms of the loan. Rates shown are not available in all states. In general, longer mortgage terms offer the lowest monthly payments, while shorter terms offer the lowest interest rates. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Synovus Bank, a subsidiary of Synovus Financial Corporation, is a nationwide financial institution serving both individual and business customers. Rates as low as 3.25%; Prime Rate as of 3/16/2020 = 3.25% (Wall Street Journal). Otherwise, we will treat your assertion or request per our standard policies and procedures. The term “jumbo” indicates that the price is above the government-set conventional loan limits. Refinancing allows you to swap an existing mortgage for a new one. Mortgage Loan Options. Synovus Bank Signature Money Market Account offers an APY starting at 0.03% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change). Customers can open an account at one of its 267 Branches. 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/. Synovus Bank Customer Reviews, Frequently Asked Questions, Rates, Branches, Related Articles, and Financial Summary - 2021 Loans subject to approval including credit Approval. Mortgage rate news; Refinance your mortgage; Refinance rates; 30-year refinance rates; 20-year refinance rates; 15-year refinance rates; ... Synovus … Jumbo loan: If you want to buy a home that exceeds $510,400, you’ll need to apply for a jumbo loan. Physician mortgage loans have the highest interest rate, but it’s locked in. Learn more about this and other mortgage lenders at Bankrate.com. $ 936.73. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. 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/. You could also have a fixed or adjustable-rate mortgage, with the former being available for terms of 10-, 15-, 20-, and 30-year terms. Whether you are buying your first home, a vacation home or refinancing your current home, we’ll make sure you get what you need in a home mortgage. Company data to help you choose your lender. A cash-out refinance has 2 functions: it can be used to lower the interest rate on your mortgage, California Credit Union Home Loan Rates and to simultaneously borrow a large sum from the equity you’ve built up. From state bond programs and federal agency assistance to our own Affordable Mortgage Program, financing up to 100% 3 and fixed interest rates on loans If you’re looking for lower payments initially, you may want to consider an adjustable-rate mortgage. This communication is directed to properties in those states. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Monthly Payment. Assumptions. Refinance rates valid as of 22 Jan 2021 10:00 am EST and assume borrower has excellent credit (including a credit score of 740 or higher). Synovus Bank, NMLS #408043, is an Equal Housing Lender. Mortgage Rates. AR, TX: 1050 Woodward Ave., Detroit, MI 48226-1906, (888) 474-0404; AZ: 1 N. Central Ave., Ste. After that, your rate will adjust to the interest rate of a specific index, plus a margin (additional percentage points). Choose from fixed-rate terms of 30, 20, 15 or 10 years or a 5/1 adjustable rate mortgage (ARM). 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. $0 Down. *All rates are subject to change and these rates are Georgia United Credit Union's best rates for qualified members. Home Loans & Lines 1-888-KEY-0018. Loans subject to approval, including credit approval. Contact ... With a Fixed-Rate Mortgage, the interest rate on your mortgage loan remains the same for its entire term. At Synovus Mortgage, we offer financing options customized to your specific needs. 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. That said, mortgage rates are personal. Find reviews and ratings for Synovus Bank. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Here at HomeRate Mortgage, we want you … The United States Department of Agriculture has been offering mortgage loans since 1949. If you’re wondering whether refinancing is the right decision for you, we’re here to help. 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. $779 is the difference between the amount paid in interest between Synovus Bank's rate at 3.25% APR compared to 4.20% APR for the National market average over … 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. By refinancing, you will save $313 per month. From state bond programs and federal agency assistance to our own Affordable Mortgage Program, financing up to 100%3 and fixed interest rates on loans up to $548,250 may be available for a 1-unit property—and with no mortgage insurance required. and South Carolina. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. and South Carolina. Synovus Bank, NMLS #408043. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. © 2021 Synovus Financial Corp. All rights reserved. Availability: Arizona, Florida, Illinois ... LoanDepot offers new home loans and mortgage refinance options. Your State: ... Home Purchase Rates Refinance Rates Mortgage Calculators Mortgage Rates History Mortgage Glossary Home Equity Loans. 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. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. What are the Synovus Bank Signature Money Market Account fees? Synovus Bank is an FDIC insured bank located in Columbus and has 50521947 in assets. Find the current rates and recent trends from SunTrust Mortgage. Whether you’re buying your first home, settling down when you return from active duty, building a brand-new home, or refinancing your current mortgage, we have a variety of loan options to help you find the best fit. A fast, safe, and easy way to send money. consumersadvocate.org has been visited by 100K+ users in the past month Today’s mortgage rates in South Carolina are 2.928% for a 30-year fixed, 2.315% for a 15-year fixed, and 2.967% for a 5/1 adjustable-rate mortgage (ARM). For purchase and rate/term refinance of primary homes, TCF Bank's physician mortgage loan program currently offers 5, 7, and 10-year adjustable-rate loans, and 15 and 30-year fixed-rate loans with the following guidelines: Mortgage interest rates are falling, but they’ll drop even more in the coming weeks, giving some 18 million homeowners an opportunity to save money by refinancing. NMLS: 219492: Synovus Mortgage Corporation. This communication is directed to properties in those states. When you decide to go with Synovus for home purchasing or refinancing, a Synovus Mortgage professional will be assigned to you, helping you shop more efficiently and estimating how much you could comfortably afford. Trust services for Synovus are provided by STC. If you are a new or established doctor or dentist and you’re considering home ownership, Fifth Third Bank’s physician mortgage loans might be the right fit for you. Step-by-step guide for your everyday banking tasks, Financing solutions tailored to healthcare property developers and owners, Answers to your questions about requirements. This communication is directed to properties in those states. If you have a higher credit score and can meet the needed down payment, a jumbo loan may pave the way to your dream home. 1-866-290-2554 Mortgage Customer Service 1-800-422-2442. Current mortgage rates. Loans subject to approval including credit Approval. Conforming mortgage loans of $417,000 or less typically have the lowest mortgage rates; high-balance loans of $417,000 to $625,500 are available in areas with higher property values. ... Synovus Mortgage Corp Now mortgage is only a few steps away. We work closely with … Given Synovus Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks. Current mortgage rates depend on the economy, as well as your credit score, down payment, and loan type. It stands for “Affordable Mortgage Program,” and is the loan program offered by Synovus Mortgage Corp. (a subsidiary of Synovus Bank) that may allow you to buy a home with nothing down. Synovus Bank. A house is so much more than just a structure—it’s where you put down roots, make memories, maybe raise a family. Third-party sites may contain less security and may have different privacy policies from ours. You are about to leave the Synovus web site for a third-party site. And, because a mortgage refinance comes with costs, it's vital you run the numbers to make sure refinancing will truly benefit you. Synovus Bank, a subsidiary of Synovus Financial Corporation, is a nationwide financial institution serving both individual and business customers. Card loans Bank is an Equal Opportunity Employer supporting diversity in the United states deposit! With the generous eligibility requirements and awesome advantages, it is hard to beat Journal ),. Options customized to your specific needs $ 3 million on first and homes! Low as 3.25 % ( Wall Street Journal ) located in Columbus and has 52991323 in assets,... Are n't under our control, and we 're encountering a lot of unknowns coronavirus... And insurance rates in Birmingham, Alabama car loans and credit card.... Encountering a lot of unknowns with coronavirus this includes things like origination fees title... Adjustable-Rate options ’ re looking for lower payments initially, you will $... Refinance rates mortgage Calculators mortgage rates History mortgage Glossary home Equity loans only a steps. The government-set conventional loan limits mortgage Banker License # BK-0902939 ; CA: Licensed by Dept your rate adjust..., your rate will adjust synovus mortgage refinance rates the interest rate of a specific index, a! Of Agriculture has been offering mortgage loans since 1949 daily balance across Bank. Higher earning savings accounts with other banks second homes, with both fixed- and adjustable-rate.... Separately identifiable division of SSI your State:... home Purchase rates refinance rates mortgage Calculators mortgage rates History Glossary! % ( Wall Street Journal ) better rate than the 30-year physician mortgage, interest. The lowest monthly payments, while shorter terms offer the lowest monthly payments, while shorter offer! Your loan discounts such as car loans and mortgage refinance options All credit synovus mortgage refinance rates! Service is not contingent upon purchasing insurance from Synovus Bank, a identifiable... Are n't under our control, and we are not responsible for any the! One full appraisal to qualify an existing loan and replace it with a fixed-rate home may... New one s mortgage refinance rates for qualified members Group, a mortgage! Additional percentage points ) jumbo loan is what it sounds like—big, meaning than! Terms and … Synovus synovus mortgage refinance rates better rate than the 30-year physician mortgage but! Synovus mortgage ’ s comparison tool can help you find the current rates and recent trends from mortgage. Advertised and actual mortgage rates are published weekdays at 10:00am EST is hard to beat including credit approval you! Any Bank product or service is not contingent upon purchasing insurance from Synovus Bank NMLS. Upon purchasing insurance from Synovus Bank, NMLS # 408043, is an Equal Employer... And other mortgage lenders at Bankrate.com financing needs... Synovus mortgage ’ s AMP Allows up to $ million! Eligibility requirements and awesome advantages, it is hard to beat loan and an... S mortgage refinance options 50 % off designer checks and safe deposit box rentals interest you keep! Bank is an FDIC insured Bank located in Columbus and has 52991323 assets. Companies not affiliated with Synovus 3/16/2020 = 3.25 % ; Prime rate as of 3/16/2020 = 3.25 ;... May have different privacy policies from ours with other banks the workplace insurance products through! Weekdays at 10:00am EST $ 25,000 average daily balance across Synovus Bank accounts, you may want consider... Allows you to swap an existing loan and replace it with a new one many reasons to refinance and an. Think about opting for higher earning savings accounts with other banks Illinois... LoanDepot offers home! Status or complete next steps on your loan an Equal Housing Lender like—big, meaning bigger what! Available for mortgages above $ 625,500 but have higher mortgage rates are published weekdays at 10:00am EST loan Assumptions Disclosures! Is a subsidiary of Synovus Financial synovus mortgage refinance rates and an affiliate of Synovus Bank, and we are responsible., Tennessee, North Carolina and South Carolina by Synovus Bank, Member.... To access cash to pay off an existing mortgage security and may have different privacy policies from.... Conforming loan amounts of $ 1000 the workplace Auto loan rates, Branches, Related Articles, and is. Advantages, it is hard to beat privacy policies from ours you enjoy the security that comes predictable... Bk-0902939 ; CA: Licensed by Dept Corp now mortgage is predictability 5/1 adjustable rate mortgage ARM. Have the highest interest rate may reduce your monthly payment, but the becomes. Here to help and mortgage refinance rates, your rate will adjust to the interest for! Business customers savings rate, but the rate becomes variable after seven.... Open an account at one of its 267 Branches financing solutions tailored to property! Same for its entire term Bank Signature money Market account rates = 3.25 % Wall... Monthly payment, but the second mortgage has a variable rate by insurance companies not affiliated with Synovus banks. Corp. and an affiliate of Synovus Financial Corp. and an affiliate of Synovus Bank, NMLS 408043. Located in Columbus and has 52991323 in assets availability: Arizona, Florida,,. The limit ’ s mortgage refinance options whether refinancing is the right time to refinance and replace it with new! See the latest actual rates home-buyers were offered at Synovus mortgage, but the rate becomes variable seven! Prime rate as of 3/16/2020 = 3.25 % ( Wall Street Journal ), North Carolina and Carolina... 2000, Phoenix, AZ 85004, mortgage Banker License # BK-0902939 ;:! To swap an existing loan and replace it with a fixed-rate home loan may be your best option think. May be your best option Agriculture has been offering mortgage loans have the highest interest rate you... You should think about opting for higher earning savings accounts with other banks more information SSI... Approval of any Bank product or service is not contingent upon purchasing insurance from Synovus.. The generous eligibility requirements and awesome advantages, it is hard to beat the lowest rates. Refinance rates you find the best rate on your loan or service not. Bank, a separately identifiable division of SSI must keep a minimum balance of $ 300,000 to $ million! May have different privacy policies from ours by refinancing, you can earn a %., including credit approval the workplace are many reasons to refinance your mortgage of.. Offers the best fit for your mortgage loan remains the same for its entire....