Lenders › Synovus Bank
Synovus Bank
HMDA reporter, headquartered in Columbus, Georgia. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
Synovus Bank's 2024 HMDA filing covers 8,375 applications and 5,114 originated loans totalling $1.5bn, in 6 states.
Its denial rate, the share of decided applications the lender denied, was 24.8%, close to the national rate of 24.3% and below the Georgia rate of 26.9%. 948 applications were withdrawn by the applicant and 99 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.6 percentage points (national median 0.3); 16.8% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly home purchase (44%) and other purpose (22%); by loan type, conventional (85%) and FHA (10%).
The largest volumes were in Georgia (2,641 originations), Florida (889 originations) and Alabama (1,003 originations).
Applications were down 23% on 2023.
Compared with Georgia and the nation
| Measure | This lender | Georgia, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 24.8% | 26.9% | 24.3% |
| Median rate spread, percentage points | 0.6 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.8% | 17.5% | 15.6% |
| Average originated loan | $303k | $313k | $329k |
| Home purchase share of originations | 44.2% | 57.0% | 57.0% |
| FHA-insured share of originations | 9.5% | 18.3% | 13.4% |
| VA-guaranteed share of originations | 3.7% | 11.6% | 7.9% |
| Applications withdrawn by applicant | 11.3% | 15.9% | 14.3% |
Georgia is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderGeorgiaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 11,213 |
| 2019 | — | — | — | — | — | 15,214 |
| 2020 | — | — | — | — | — | 27,645 |
| 2021 | — | — | — | — | — | 21,405 |
| 2022 | 18,030 | 11,852 | $3.4bn | 20.7% | 0.3 | 18,048 |
| 2023 | 10,869 | 6,709 | $2.0bn | 24.7% | 0.8 | 10,911 |
| 2024 | 8,375 | 5,114 | $1.5bn | 24.8% | 0.6 | 8,388 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 44% (2,262)Home improvement 13% (669)Refinancing 19% (988)Cash-out refinancing 2% (77)Other purpose 22% (1,118)
By type
Conventional 85% (4,372)FHA 10% (488)VA 4% (191)USDA 1% (63)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 7,225 | 4,372 | 1,697 | 23.5% |
| FHA-insured | 796 | 488 | 99 | 12.4% |
| VA-guaranteed | 265 | 191 | 12 | 4.5% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 89 | 63 | 6 | 6.7% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 5,114 | 61.0% |
| 2 Application approved but not accepted | 400 | 4.8% |
| 3 Application denied | 1,814 | 21.6% |
| 4 Application withdrawn by applicant | 948 | 11.3% |
| 5 File closed for incompleteness | 99 | 1.2% |
| 6 Purchased loan | 13 | 0.2% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 1,814 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| Georgia | 4,208 | 2,641 | $708m | 23.5% | 0.7 |
| Florida | 1,713 | 889 | $374m | 34.8% | 0.7 |
| Alabama | 1,515 | 1,003 | $244m | 17.7% | 0.4 |
| South Carolina | 687 | 421 | $146m | 22.6% | 0.7 |
| Tennessee | 215 | 138 | $59m | 23.1% | 0.9 |
| North Carolina | 30 | 19 | $16m | — | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Muscogee County | GA | 448 | 310 | $58m | 16.2% |
| Fulton County | GA | 409 | 243 | $115m | 25.1% |
| Jefferson County | AL | 353 | 230 | $52m | 20.2% |
| Cobb County | GA | 209 | 117 | $35m | 28.8% |
| Pinellas County | FL | 190 | 106 | $25m | 32.2% |
| Houston County | GA | 135 | 103 | $28m | 10.6% |
| Clarke County | GA | 157 | 95 | $25m | 18.5% |
| DeKalb County | GA | 145 | 90 | $28m | 23.8% |
| Gwinnett County | GA | 150 | 89 | $21m | 28.4% |
| Oconee County | GA | 121 | 86 | $32m | 17.0% |
| Harris County | GA | 116 | 85 | $18m | 12.5% |
| Hillsborough County | FL | 129 | 83 | $86m | 22.3% |
| Montgomery County | AL | 130 | 81 | $15m | 12.6% |
| Walker County | AL | 126 | 80 | $16m | 18.1% |
| Chatham County | GA | 126 | 80 | $31m | 25.0% |
| Forsyth County | GA | 121 | 79 | $19m | 25.6% |
| Limestone County | AL | 105 | 77 | $19m | 11.2% |
| Cherokee County | GA | 121 | 76 | $17m | 29.8% |
| Madison County | AL | 119 | 75 | $23m | 20.4% |
| Santa Rosa County | FL | 106 | 75 | $19m | 19.6% |
| Charleston County | SC | 123 | 74 | $38m | 27.8% |
| Walton County | GA | 106 | 74 | $12m | 24.0% |
| Escambia County | FL | 114 | 73 | $19m | 24.0% |
| Bulloch County | GA | 104 | 70 | $14m | 24.2% |
| Richland County | SC | 102 | 64 | $16m | 18.1% |
| Lee County | AL | 88 | 63 | $18m | 12.0% |
| Troup County | GA | 98 | 60 | $13m | 33.3% |
| Shelby County | AL | 80 | 56 | $16m | 21.6% |
| Davidson County | TN | 82 | 53 | $18m | 24.7% |
| Tuscaloosa County | AL | 93 | 51 | $8.1m | 32.9% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 0 | 0 | 0 | 0 |
| Jul 2026 | 0 | 0 | 0 | 0 |
| Jun 2026 | 0 | 0 | 0 | 0 |
| May 2026 | 0 | 0 | 0 | 0 |
| Apr 2026 | 0 | 0 | 0 | 0 |
| Mar 2026 | 0 | 0 | 0 | 0 |
| Feb 2026 | 0 | 0 | 0 | 0 |
| Jan 2026 | 3 | 3 | 0 | 0 |
| Dec 2025 | 16 | 15 | 1 | 0 |
| Nov 2025 | 19 | 17 | 1 | 1 |
| Oct 2025 | 13 | 12 | 1 | 0 |
| Sep 2025 | 14 | 13 | 1 | 0 |
Fiscal-year totals (VA): FY2018 45,693,052 · FY2019 59,166,395 · FY2020 100,356,694 · FY2021 129,539,130 · FY2022 64,047,799 · FY2023 57,227,206 · FY2024 65,160,606 · FY2025 64,977,043. Matched to the VA lender name "SYNOVUS BANK"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did Synovus Bank originate in 2024?
5,114 loans totalling $1.5bn, from 8,375 applications reported under HMDA. It also purchased 13 loans from other institutions, which are counted separately.
What is Synovus Bank's denial rate and how does it compare?
24.8% of decided applications were denied in 2024, against 24.3% nationally and 26.9% in Georgia. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Synovus Bank lend in most?
By originations: Muscogee County, GA (310), Fulton County, GA (243), Jefferson County, AL (230), Cobb County, GA (117) and Pinellas County, FL (106).
What loan types does Synovus Bank make?
Conventional 4,372, FHA 488, VA 191 and USDA 63 originations in 2024; by purpose, home purchase 2,262, home improvement 669, refinancing 988, cash-out refinancing 77 and other purpose 1,118.
What reasons did Synovus Bank report for denials?
The first denial reason recorded most often was debt-to-income ratio (1,149), other (269) and credit history (207), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 1 Oct 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.