Synovus Bank Mortgage Lending & HMDA Data, 2023
In 2023, Synovus Bank of Columbus, GA reported 10,911 mortgage applications totaling $3.1 billion, down 40% from 2022. The average application was for $281,301, and applicants reported an average income of $198,158. 61% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (2,790), Columbus, GA-AL (664) and Tampa-St. Petersburg-Clearwater, FL (622) (applications in parentheses).
| Mortgage Company & Address | Synovus Bank Po Box 120 Columbus, GA 31902 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 10,911 |
| Total Mortgage Loan Application Amount | $3,069,285,000 |
| Average Mortgage Loan Application Amount | $281,301 |
| Highest Mortgage Loan Application Amount | $41,005,000 |
| Average Applicant Income | $198,158 |
| Highest Applicant Income | $8,888,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Synovus Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Roswell, GA | 2,790 | $ 815,310,000 | $ 292,225 | $ 201,000 |
| Outside any metro area | 1,124 | $ 296,850,000 | $ 264,101 | $ 195,736 |
| Columbus, GA-AL | 664 | $ 120,810,000 | $ 181,942 | $ 135,555 |
| Tampa-St. Petersburg-Clearwater, FL | 622 | $ 151,930,000 | $ 244,260 | $ 147,000 |
| Birmingham-Hoover, AL | 482 | $ 115,460,000 | $ 239,543 | $ 166,000 |
| Athens-Clarke County, GA | 280 | $ 75,930,000 | $ 271,178 | $ 216,000 |
| Pensacola-Ferry Pass-Brent, FL | 278 | $ 66,000,000 | $ 237,410 | $ 191,000 |
| Columbia, SC | 265 | $ 62,405,000 | $ 235,490 | $ 137,000 |
| Huntsville, AL | 256 | $ 73,400,000 | $ 286,718 | $ 159,000 |
| Charleston-North Charleston, SC | 252 | $ 68,930,000 | $ 273,531 | $ 211,000 |
| North Port-Sarasota-Bradenton, FL | 243 | $ 95,915,000 | $ 394,711 | $ 286,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 215 | $ 94,505,000 | $ 439,558 | $ 250,000 |
| Savannah, GA | 188 | $ 56,790,000 | $ 302,074 | $ 235,000 |
| Jacksonville, FL | 187 | $ 82,255,000 | $ 439,866 | $ 316,000 |
| Orlando-Kissimmee-Sanford, FL | 149 | $ 39,635,000 | $ 266,006 | $ 203,000 |
| Crestview-Fort Walton Beach-Destin, FL | 148 | $ 55,460,000 | $ 374,729 | $ 296,000 |
| Montgomery, AL | 147 | $ 28,045,000 | $ 190,782 | $ 215,000 |
| Augusta-Richmond County, GA-SC | 143 | $ 36,685,000 | $ 256,538 | $ 178,398 |
| Tuscaloosa, AL | 138 | $ 22,290,000 | $ 161,521 | $ 107,000 |
| Cape Coral-Fort Myers, FL | 134 | $ 31,660,000 | $ 236,268 | $ 185,000 |
| Greenville-Anderson-Mauldin, SC | 129 | $ 41,355,000 | $ 320,581 | $ 262,000 |
| Rome, GA | 117 | $ 24,555,000 | $ 209,871 | $ 102,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 112 | $ 52,930,000 | $ 472,589 | $ 378,000 |
| Warner Robins, GA | 109 | $ 19,585,000 | $ 179,678 | $ 124,000 |
| Albany, GA | 106 | $ 16,500,000 | $ 155,660 | $ 117,000 |
| Auburn-Opelika, AL | 106 | $ 20,100,000 | $ 189,622 | $ 122,000 |
| Miami-Miami Beach-Kendall, FL | 102 | $ 47,240,000 | $ 463,137 | $ 386,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 92 | $ 35,460,000 | $ 385,434 | $ 364,000 |
| Chattanooga, TN-GA | 91 | $ 27,285,000 | $ 299,835 | $ 167,538 |
| Decatur, AL | 90 | $ 18,350,000 | $ 203,888 | $ 101,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 87 | $ 28,535,000 | $ 327,988 | $ 245,517 |
| Macon-Bibb County, GA | 84 | $ 18,010,000 | $ 214,404 | $ 161,000 |
| Valdosta, GA | 84 | $ 10,610,000 | $ 126,309 | $ 90,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 79 | $ 30,565,000 | $ 386,898 | $ 248,000 |
| Naples-Immokalee-Marco Island, FL | 72 | $ 29,340,000 | $ 407,500 | $ 291,000 |
| Brunswick, GA | 71 | $ 23,315,000 | $ 328,380 | $ 258,000 |
| Gainesville, GA | 70 | $ 18,230,000 | $ 260,428 | $ 210,000 |
| Tallahassee, FL | 63 | $ 22,115,000 | $ 351,031 | $ 240,000 |
| Sumter, SC | 50 | $ 10,540,000 | $ 210,800 | $ 187,000 |
| Lakeland-Winter Haven, FL | 48 | $ 8,780,000 | $ 182,916 | $ 148,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 40 | $ 8,710,000 | $ 217,750 | $ 155,000 |
| Mobile, AL | 40 | $ 8,630,000 | $ 215,750 | $ 109,000 |
| Port St. Lucie, FL | 40 | $ 13,020,000 | $ 325,500 | $ 194,000 |
| Dalton, GA | 36 | $ 4,340,000 | $ 120,555 | $ 100,000 |
| Daphne-Fairhope-Foley, AL | 33 | $ 13,675,000 | $ 414,393 | $ 305,000 |
| Punta Gorda, FL | 33 | $ 5,605,000 | $ 169,848 | $ 369,000 |
| Palm Bay-Melbourne-Titusville, FL | 31 | $ 51,245,000 | $ 1,653,064 | $ 242,000 |
| Spartanburg, SC | 31 | $ 22,385,000 | $ 722,096 | $ 124,000 |
| Dothan, AL | 26 | $ 6,640,000 | $ 255,384 | $ 141,000 |
| Sebastian-Vero Beach, FL | 24 | $ 3,790,000 | $ 157,916 | $ 156,000 |
| Panama City, FL | 18 | $ 7,140,000 | $ 396,666 | $ 221,000 |
| Florence, SC | 17 | $ 2,495,000 | $ 146,764 | $ 203,000 |
| Charlotte-Concord-Gastonia, NC-SC | 15 | $ 6,095,000 | $ 406,333 | $ 201,466 |
| Ocala, FL | 8 | $ 1,220,000 | $ 152,500 | $ 95,000 |
| Florence-Muscle Shoals, AL | 5 | $ 1,305,000 | $ 261,000 | $ 92,000 |
| Knoxville, TN | 5 | $ 1,025,000 | $ 205,000 | $ 222,000 |
| The Villages, FL | 5 | $ 2,285,000 | $ 457,000 | $ 225,000 |
| Gainesville, FL | 4 | $ 1,210,000 | $ 302,500 | $ 483,000 |
| Asheville, NC | 3 | $ 1,345,000 | $ 448,333 | $ 462,000 |
| Gadsden, AL | 3 | $ 1,855,000 | $ 618,333 | $ 141,000 |
| Gulfport-Biloxi-Pascagoula, MS | 3 | $ 1,825,000 | $ 608,333 | $ 97,000 |
| Hinesville, GA | 3 | $ 305,000 | $ 101,666 | $ 114,000 |
| Anniston-Oxford-Jacksonville, AL | 2 | $ 310,000 | $ 155,000 | $ 98,000 |
| Durham-Chapel Hill, NC | 2 | $ 530,000 | $ 265,000 | $ 108,000 |
| Hattiesburg, MS | 2 | $ 790,000 | $ 395,000 | $ 216,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 1,060,000 | $ 530,000 | $ 407,000 |
| Memphis, TN-MS-AR | 2 | $ 160,000 | $ 80,000 | $ 123,000 |
| Raleigh, NC | 2 | $ 780,000 | $ 390,000 | $ 246,000 |
| Sebring, FL | 2 | $ 240,000 | $ 120,000 | $ 55,000 |
| Cincinnati, OH-KY-IN | 1 | $ 4,005,000 | $ 4,005,000 | $ 0 |
| Clarksville, TN-KY | 1 | $ 355,000 | $ 355,000 | $ 72,000 |
| Cleveland, TN | 1 | $ 515,000 | $ 515,000 | $ 1,063,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 45,000 | $ 45,000 | $ 96,000 |
| Homosassa Springs, FL | 1 | $ 215,000 | $ 215,000 | $ 109,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Winston-Salem, NC | 1 | $ 165,000 | $ 165,000 | $ 0 |
Mortgage Loan Application Detail Totals for Synovus Bank in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 4,638 | $1,757,990,000 | $379,000 | $17,825,000 | $187,000 | $5,323,000 |
| Other Purpose | 2,709 | $495,895,000 | $183,000 | $5,005,000 | $206,000 | $5,280,000 |
| Refinancing | 1,714 | $523,850,000 | $305,000 | $41,005,000 | $245,000 | $7,113,000 |
| Home Improvement | 1,653 | $238,305,000 | $144,000 | $3,255,000 | $177,000 | $8,888,000 |
| Cash-out Refinancing | 197 | $53,245,000 | $270,000 | $1,405,000 | $123,000 | $931,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 7,016 | $1,899,340,000 | $270,000 | $5,155,000 | $207,000 | $8,888,000 |
| Black or African American | 1,475 | $290,395,000 | $196,000 | $3,525,000 | $106,000 | $1,580,000 |
| Not Provided | 1,094 | $374,760,000 | $342,000 | $3,835,000 | $271,000 | $5,280,000 |
| Hispanic | 592 | $145,520,000 | $245,000 | $3,005,000 | $172,000 | $3,497,000 |
| Not applicable | 315 | $207,575,000 | $658,000 | $41,005,000 | $0 | $0 |
| Asian | 291 | $93,065,000 | $319,000 | $3,005,000 | $187,000 | $4,366,000 |
| American Indian or Alaskan Native | 28 | $7,560,000 | $270,000 | $1,725,000 | $129,000 | $570,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $4,110,000 | $411,000 | $3,255,000 | $65,000 | $135,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 9,631 | $2,726,735,000 | $283,000 | $41,005,000 | $212,000 | $8,888,000 |
| FHA-insured (Federal Housing Administration) | 948 | $244,740,000 | $258,000 | $605,000 | $86,000 | $741,000 |
| VA-guaranteed (Veterans Administration) | 244 | $78,410,000 | $321,000 | $795,000 | $112,000 | $528,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 88 | $19,400,000 | $220,000 | $405,000 | $74,000 | $121,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 6,709 | $1,961,445,000 | $292,000 | $41,005,000 | $209,000 | $7,113,000 |
| Application Denied By Financial Institution | 2,379 | $462,325,000 | $194,000 | $3,785,000 | $150,000 | $8,888,000 |
| Application Withdrawn By Applicant | 1,140 | $454,600,000 | $398,000 | $5,005,000 | $195,000 | $3,747,000 |
| Application Approved But Not Accepted | 532 | $132,970,000 | $249,000 | $5,005,000 | $278,000 | $4,726,000 |
| File Closed For Incompleteness | 109 | $46,685,000 | $428,000 | $2,295,000 | $230,000 | $1,549,000 |
| Loan Purchased By The Institution | 42 | $11,260,000 | $268,000 | $555,000 | $84,000 | $206,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 8,532 | $2,606,960,000 | $305,000 | $41,005,000 | $211,000 | $7,113,000 |
| Debt-To-Income Ratio | 1,421 | $287,325,000 | $202,000 | $3,785,000 | $105,000 | $8,888,000 |
| Other | 402 | $67,570,000 | $168,000 | $3,005,000 | $271,000 | $5,280,000 |
| Credit History | 279 | $46,565,000 | $166,000 | $1,345,000 | $153,000 | $4,843,000 |
| Collateral | 168 | $31,980,000 | $190,000 | $1,705,000 | $226,000 | $1,834,000 |
| Unverifiable Information | 75 | $17,035,000 | $227,000 | $1,505,000 | $163,000 | $2,400,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 24 | $9,000,000 | $375,000 | $1,815,000 | $170,000 | $1,280,000 |
| Employment History | 10 | $2,850,000 | $285,000 | $465,000 | $69,000 | $182,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Synovus Bank's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Synovus Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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