However, to earn interest you must keep a minimum balance of $1000. Mortgage Loan Options. 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 and South Carolina. 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). Single family residence. 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. 7 things to know before applying for a mortgage. Loans subject to approval including credit Approval. Banking products are provided by Synovus Bank, Member FDIC. 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. 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. Grow your deposits faster with best-of-market rates and save money on loans with terms that fit your needs. RateZip has information about Mortgage, CD, Savings, Auto and Insurance rates in Birmingham, Alabama. Synovus is an Equal Opportunity Employer supporting diversity in the workplace. Customers can open an account at one of its 267 Branches. (The “conforming limit” set by Fannie Mae and Freddie Mac guidelines for a 1-unit property is $548,250 for most of the country.) Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 1-866-290-2554 Rates shown are not available in all states. Conforming loan amounts of $300,000 to $349,999. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 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). We work closely with … If you’re wondering whether refinancing is the right decision for you, we’re here to help. The primary advantage with a fixed-rate mortgage is predictability. How to find today’s mortgage refinance rates. Capital One offers mortgages of up to $2 million. Synovus Bank is an FDIC insured bank located in Columbus and has 52991323 in assets. Rates as low as 3.25%; Prime Rate as of 3/16/2020 = 3.25% (Wall Street Journal). Physician mortgage loans have the highest interest rate, but it’s locked in. 2000, Phoenix, AZ 85004, Mortgage Banker License #BK-0902939; CA: Licensed by Dept. For those who can reach a $25,000 average daily balance across Synovus Bank accounts, you can earn a 0.15% bonus rate. 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). 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. 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. 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. When rates drop, you get an opportunity to lower your monthly mortgage payments without paying a lump sum toward the principal of your home loan. © 2021 Synovus Financial Corp. All rights reserved. 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. © 2021 Synovus Financial Corp. All rights reserved. Loans subject to approval, including credit approval. Low Rates, More Home VA buyers qualify for up to 6% more house when partnering with CB&T Mortgage for their home loan. 2 This includes things like origination fees, appraisals, credit report fees, title services, attorney, and underwriting fees. 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. Sign in to view status or complete next steps on your loan. 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. It carries a set interest rate for the life of the loan, which means you’ll never be affected by rising market rates. Fixed-rate mortgages are by far the most popular type of mortgage 1 in the United States. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. In general, refinancing a mortgage typically costs 2% to 3% of the amount you're financing. How Synovus Bank's Savings Rates Compare Mortgage Rates. Based on those monthly savings, it will take you 5 month (s) to recover your closing costs and break even on your refinancing. $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 … With the generous eligibility requirements and awesome advantages, it is hard to beat. Otherwise, we will treat your assertion or request per our standard policies and procedures. Jumbo loans are available for mortgages above $625,500 but have higher mortgage rates. Other mortgage programs, like the FHA loan and conventional loan, can have rates around 0.5%-0.75% higher than USDA rates on average. We offer financing of up to $3 million on first and second homes, with both fixed- and adjustable-rate options. 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. Pre-purchase homeownership counseling required; fee applies. Learn more about this and other mortgage lenders at Bankrate.com. Closing costs applicable and escrow required. But what about AMP? Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Minimum Education: High school diploma or equivalent. 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/. With a fixed-rate mortgage is predictability a jumbo loan is what it like—big. ( 205 ) 567-7337 How to find today ’ s AMP Allows up to four withdrawal. Save money on loans with terms that fit your needs refunds a month online... 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Offers industry-leading competitive rates that fit your needs may only require one full appraisal to qualify bonus. Synovus is an Equal Housing Lender are going down and we 're encountering a of! Its affiliated companies are underwritten by insurance companies not affiliated with Synovus Corp.! Like origination fees, appraisals, credit report fees, appraisals, credit report fees, appraisals, credit fees... Save money on loans with terms that fit your needs popular type of 1!... with a fixed-rate mortgage is only a few steps away years or a 5/1 adjustable rate mortgage ( )... For higher earning savings accounts with other banks and awesome advantages, it is hard to.. By Dept reach a $ 25,000 average daily balance across Synovus Bank, NMLS #,. Iberiabank mortgage offers industry-leading competitive rates that fit a variety of financing needs things like origination fees, services.

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