My Synovus. Your down payment combined with your mortgage cover the full purchase price of the home. For example, a 5% down payment on a home that costs $200,000 would be $10,000. Skip to Content Toggle navigation. FHA 203K Loan. 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. What Credit Score Do I Need to Get a Mortgage? Fannie Mae Day 1 Certainty. For home equity lines of credit, Synovus offers a 30-year Total Line of Credit HELOC with rates as low as 4%. Second, the borrower must complete pre-purchase homeownership counseling, and a fee does apply for the course. 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. Synovus Bank, NMLS #408043, is an Equal Housing Lender. FL HFA Loan . Can I Lower My Mortgage Rate Without Refinancing? Down payments are usually expressed as a percentage of the home's price. 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. This guide explains the basics of getting a mortgage, including down payments, closing costs, escrow, PMI, mortgage points, and more. While you’re at it, you can also look into crowdfunding your down payment…. Locations: Lehigh Acres, FL US. Develops loan referrals and repeat … 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. My Synovus Business Banking … Affordable Housing Specialist / Mortgage Loan Originator at SYNOVUS MORTGAGE CORP Montgomery, Alabama Area 1 connection. Loans subject to approval including credit Approval. Your key to world-class wealth management. However, it’s probably nominal. 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! Probably not. In 2020, we invested more than $80 million in low-income housing properties through low-income housing tax credit transactions. 2 How we can help you: Affordable Mortgage Program. It seems you can only get a fixed-rate mortgage, though it’s possible other loan types are also permitted. Want to receive the latest real estate and mortgage news direct to your inbox? Synovus Mortgage’s AMP Allows Up to 100% Financing. That’s why we offer you our best. Synovus Mortgage’s AMP Allows Up to 100% Financing, How to Get a Mortgage: From Start to Finish, 21 Things That Can Raise Your Mortgage Rate. 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. They’ve committed $100 million toward the special program so act fast! Many new home buyers are intimidated by the idea of saving up a large … Certain terms and restrictions apply. Synovus Bank operates mainly in the Southeast United States, with more than … Our benefits program gives you the freedom to make choices that meet your physical, emotional, … This communication is directed to properties in those states. For one, the property has to be a primary residence (no second homes or investments), though it can be a single-family residence, condo, or townhome. Synovus has appointed industry veterans Brian Coffee and Reed Dolihite to help establish its affordable housing business. Job Summary: Provides lending services to the real estate community by serving and identifying financial needs. 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/. Prime Minister Denys Shmyhal said this during the All-Ukrainian Forum "Ukraine 30. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Your contact information *required. 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. 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. He has been writing passionately about mortgages for nearly 15 years. 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. Sign in to view status or complete next steps on your loan. Synovus Bank is on the web at synovus.com, on Twitter @synovus, and on LinkedIn at http://linkedin.com/company/synovus. Job Type: Full-time. 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. © 2021 Synovus Financial Corp. All rights reserved. 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. Robin Holley: Weston. 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. Affordable Housing Specialist. Promotes mortgage products to clients. 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 … 1. Footnote 1 . 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 … and South Carolina. Federal Home Loan Bank Benefits for First Time Homebuyers. As a Synovus team member, we know you’ll give your best every day. VA Loans. The funds do not require repayment. “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 … 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. Footnote 2 Trust services for Synovus are provided by STC. Contact a lending specialist for more information. 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. Banking products are provided by Synovus Bank, Member FDIC. Percent of Travel: 10%. 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. 10 Ways to Save Money on Your Next Mortgage, How to Reduce Closing Costs on Your Mortgage. AMP is available in all five states. Area of Interest: Mortgage. 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. Community Resource for Home Buyer Education, 706-993-8253 All rights reserved. Home Financing . Synovus Bank customers have access to personal banking solutions, including checking and savings accounts, personal and vehicle loans, and mortgages and home equity lending. Coffee, who currently serves as vice president of the Affordable … Requisition #: 17345 . © 2021 Synovus Bank, Member FDIC and Equal Housing Lender. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. "The first thing those team members need is a passion for … For the sales professional, we offer a robust product suite and collaborative support model. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Cheryl Banks: How Synovus helps Local Non-Profits Increase Home Ownership. Synovus Mortgage Corp. is the subsidiary providing mortgages throughout the Bank’s footprint of Georgia, Alabama, Florida, South Carolina, and Tennessee. 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. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Loans subject to approval, including credit approval. “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.”. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Join to Connect. Your first name * Input your first … Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and retail banking, investment, and mortgage services together with its affiliates through 248 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. … NMLS# 1310645. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Step-by-step guide for your everyday banking tasks, Financing solutions tailored to healthcare property developers and owners, Answers to your questions about requirements. Job Description. In any case, it’s yet another potential zero down option for borrowers in the states of Alabama, Florida, Georgia, South Carolina and Tennessee who lack down payment funds. Serving GA, SC, FL, AL, & TN. Equal Housing Lender. Affordable Loan Solution® mortgage This home loan offers a 3% down payment with no mortgage insurance required. We offer an Accelerated Banker program for graduating seniors, an Intern program for upcoming juniors and seniors, and entry-level positions for recent graduates. 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%. If you have an … Get a call back from one of our lending specialists. The mortgage would cover the remaining $190,000. 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.”. | Terms of Service. Sign in to your account Welcome back! Through their family of companies spanning commercial and retail banking, mortgage and investments, they’re committed to building long-term relationships and providing responsive, caring service for their customer. USDA Flyer. Business customers have access to checking and savings accounts, as well as loans and lines of credit. Copyright © 2006-2021 - The Truth About Mortgage.com, Powered by the lovely Wordpress platform. COLUMBUS, Ga.-- (BUSINESS WIRE)-- 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. At Synovus Mortgage, we offer a variety of mortgage financing options customized to fit your your specific needs. 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. But what about AMP? You are about to leave the Synovus web site for a third-party site. If you happen to reside in Alabama, Florida, Georgia, South Carolina and Tennessee, you may want to look into Synovus Mortgage’s AMP if you have little set aside for a down payment on a home. Per Shoemaker, it may be possible to qualify with a credit score as low as 620, though you should always shoot for higher to obtain a lower mortgage rate. Mortgage.Com, Powered by the lovely Wordpress platform of STC and Creative Financial Group, a of. Web at synovus.com, on Twitter @ Synovus, and easy way to send Money division. Los Angeles is currently limited to two specific mortgage products Resource for home equity lines credit! Example, a division of STC and Creative Financial Group, a %. 4 % our control, and easy way to send Money this mortgage offers a Total! % financing offer a variety of mortgage financing options customized to fit your your specific needs for home Education. To Reduce Closing costs on your Loan FL, AL, & TN costs. 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