Synovus Bank is on the web at synovus.com, on Twitter @synovus, and on LinkedIn at http://linkedin.com/company/synovus. Synovus Bank is a full-service financial services company that’s proud to meet the banking needs of families, individuals and businesses across the Southeast. Equal Housing Lender. Your first name * Input your first … Trust services for Synovus are provided by STC. For example, a 5% down payment on a home that costs $200,000 would be $10,000. Mary Beth Balzli, president and CEO of Synovus Bank Mortgage, pointed to affordable housing as a "very hot" issue, for which the Columbus, Ga.-headquartered bank has developed a team of specialists spread throughout its footprint in five Southern states and a selection of loan products designed for those customers. 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/. Fannie Mae Day 1 Certainty. 29 Synovus Financial Reviews and Complaints @ Pissed Consumer Synovus Mortgage Corp. is the subsidiary providing mortgages throughout the Bank’s footprint of Georgia, Alabama, Florida, South Carolina, and Tennessee. The affordable mortgage program offers the possibility of 100 percent financing, the potential to qualify with a credit score as low as 620, and the ability to layer on down payment assistance programs. Percent of Travel: 10%. | Terms of Service. Contact a lending specialist for more information. Sign in to your account Welcome back! Synovus Makes $100 Million Affordable Mortgage Commitment. Whether you’re still pursuing your degree or fresh out of college, Synovus is the best place to launch your career in banking and financial services. We offer an Accelerated Banker program for graduating seniors, an Intern program for upcoming juniors and seniors, and entry-level positions for recent graduates. Synovus Mortgage’s AMP Allows Up to 100% Financing. Before creating this blog, Colin worked as an account executive for a wholesale mortgage lender in Los Angeles. If you have an … COLUMBUS, GA., Oct. 2, 2017 — Synovus has committed $100 million to its Affordable Mortgage Program (AMP) for first-time homebuyers and other borrowers who may require assistance to purchase a residence. Additionally, the max loan amount is $424,100, which is the conforming loan limit, meaning it’s a program backed by Fannie Mae and Freddie Mac. At Synovus Mortgage, we offer a variety of mortgage financing options customized to fit your your specific needs. Affordable Loan Solution® mortgage This home loan offers a 3% down payment with no mortgage insurance required. and South Carolina. VA Loans. Second, the borrower must complete pre-purchase homeownership counseling, and a fee does apply for the course. Conventional Fixed Rate and Adjustable Rate loan programs FHA & VA Guaranteed Rural Housing First-time home buyer financing options Affordable housing solutions Specialty financing for licensed medical physicians or dentists … © 2021 Synovus Financial Corp. All rights reserved. The Ukrainian government will launch the Affordable Mortgage program in March 2021, which will simplify access to mortgages and offer a rate of up to 7%. Locations: Lehigh Acres, FL US. At Synovus Mortgage, we offer a variety of mortgage financing options customized to fit your your specific needs. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Your key to world-class wealth management. What Credit Score Do I Need to Get a Mortgage? While you’re at it, you can also look into crowdfunding your down payment…. Log in. Synovus has committed $100 million to its Affordable Mortgage Program for first-time homebuyers and other borrowers who may require assistance to purchase a residence. 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. Synovus Makes $100 Million Affordable Mortgage Commitment COLUMBUS, GA., Oct. 2, 2017 — Synovus has committed $100 million to its Affordable Mortgage Program (AMP) for first-time homebuyers and other borrowers who may … Requisition #: 17345 . Synovus Bank was recognized as the “Most Reputable Bank” by American Banker and the Reputation Institute in 2017, and was named “Best Regional Bank, Southeast” by MONEY Magazine for 2016-17. Banking products are provided by Synovus Bank, Member FDIC. 10 Ways to Save Money on Your Next Mortgage, How to Reduce Closing Costs on Your Mortgage. The bank also offers programs for first-time buyers and an Affordable Mortgage Program, with financing of up to 100% with no mortgage insurance required. Get a call back from one of our lending specialists. Getting yourself financially ready Footnote 1 . Once you determine how much you can afford to pay each month on a mortgage loan, what your interest rate will be, the mortgage period you want (30 years is standard), and your down payment, the Synovus mortgage calculator will tell you what price home you can afford. Coffee, who currently serves as vice president of the Affordable … Affordable Housing Specialist. Sign in to view status or complete next steps on your loan. Job Summary: Provides lending services to the real estate community by serving and identifying financial needs. You must also open an impound account to allow the lender to collect property taxes and homeowners insurance on a monthly basis, which is common for high-LTV lending. Skip to Content Toggle navigation. Loans subject to approval including credit Approval. AMP is available in all five states. USDA Flyer. Affordable Housing Specialist / Mortgage Loan Originator at SYNOVUS MORTGAGE CORP Montgomery, Alabama Area 1 connection. My Synovus. That’s why we offer you our best. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. This funding is an exceptional opportunity to help people become homeowners, said Steve Shoemaker, director of residential mortgage for Synovus Mortgage Corp. AMP 1 is a flexible product with the possibility of 100 percent financing, … “This funding is an exceptional opportunity to help people become homeowners,” said Steve Shoemaker, director of residential mortgage for Synovus Mortgage Corp.  “AMP1 is a flexible product with the possibility of 100 percent financing, the potential to qualify with a credit score as low as 620, and the ability to layer on down payment assistance programs.”. 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. In a press release, Synovus Mortgage Corp. director of residential mortgage Steve Shoemaker commented on the flexibility of AMP, noting that it has “the ability to layer on down payment assistance programs.”. In 2020, we invested more than $80 million in low-income housing properties through low-income housing tax credit transactions. Probably not. Business customers have access to checking and savings accounts, as well as loans and lines of credit. Synovus Mortgage Corp. has launched a zero down mortgage option, Known as the Affordable Mortgage Program or AMP, Available to home buyers in Alabama, Florida, Georgia, South Carolina and Tennessee. Join to Connect. Robin Holley: Weston. 1. The Synovus Reynoldstown branch provides a full range of personal and business banking products and an array of home mortgage products, including Synovus’ own Affordable Mortgage Program … This communication is directed to properties in those states. You just need to know which numbers to plug in. Anyway, the company just announced that they had committed $100 million to AMP for first-time home buyers and others in need of financial assistance when purchasing a primary residence. Otherwise, we will treat your assertion or request per our standard policies and procedures. Job Type: Full-time. 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. But what about AMP? As expected, there are a lot of rules involved, and not everyone will qualify for 100% financing. You are about to leave the Synovus web site for a third-party site. Per their website that explains the program to some degree, this seems to mean using state bond programs and federal agency assistance, along with AMP’s flexible qualifying guidelines, to purchase a home with no down payment. Our benefits program gives you the freedom to make choices that meet your physical, emotional, … It seems you can only get a fixed-rate mortgage, though it’s possible other loan types are also permitted. Synovus Mortgage Corp. has launched a zero down mortgage option; Known as the Affordable Mortgage Program or AMP; Available to home buyers in Alabama, Florida, Georgia, South Carolina and Tennessee; They’ve committed $100 million toward the special program so act fast! Your down payment combined with your mortgage cover the full purchase price of the home. Promotes mortgage products to clients. failure . 2 How we can help you: Affordable Mortgage Program. Contact Us. Many new home buyers are intimidated by the idea of saving up a large … What Mortgage Rate Can I Get With My Credit Score? You matter here, so we offer training and development opportunities, competitive benefits, ways to contribute to the community, and clear paths to internal promotions to ensure your career with the Synovus mortgage team is constantly growing. Step-by-step guide for your everyday banking tasks, Financing solutions tailored to healthcare property developers and owners, Answers to your questions about requirements. Community Resource for Home Buyer Education, 706-993-8253 3 Contact Us. Home Financing . The property has to be your primary residence, You must complete pre-purchase homeownership counseling, The max loan amount is capped at the conforming loan limit, Minimum credit score appears to be 620 and only fixed mortgages are available. First Time Home Buyers . Your contact information *required. This guide explains the basics of getting a mortgage, including down payments, closing costs, escrow, PMI, mortgage points, and more. The good news is private mortgage insurance isn’t required, though as I always say, if the LTV is above 80%, you’re paying mortgage insurance, whether explicitly or through a higher interest rate and/or fees. Shift: First. Community Heroes . Our Down Payment Grant program offers a grant equaling 3% of the home purchase price, up to $10,000, to be used for a down payment in select markets. Synovus has committed $100 million to its Affordable Mortgage Program (AMP) for first-time homebuyers and other borrowers who may require assistance to purchase a residence. Synovus Bank, NMLS #408043. He has been writing passionately about mortgages for nearly 15 years. The funds do not require repayment. Footnote 2 SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Can I Lower My Mortgage Rate Without Refinancing? “This funding is an exceptional opportunity to help people become homeowners,” said Steve Shoemaker, director of residential mortgage for Synovus Mortgage Corp. “AMP is a flexible … Cheryl Banks: How Synovus helps Local Non-Profits Increase Home Ownership. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. © 2021 Synovus Bank, Member FDIC and Equal Housing Lender. Coffee and Dolihite were previously with Regions and helped grow its affordable housing department from … There’s also the bit about being a first-time buyer or at least a borrower “who may require assistance,” so there could be an income limit as well. FL HFA Loan . Loans subject to approval, including credit approval. FHA 203K Loan. Federal Home Loan Bank Benefits for First Time Homebuyers. 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