Synovus Bank in Alabama vs the state
13.4%Denial rate-6.46 pts vs state
15.8%Decision denial rate-9.24 pts vs state
70.1%Origination rate+14.73 pts vs state
6.75%Median rate+0.25 pts vs state
0.34Rate spread (pts)+0.05 pts vs state
$90kMedian applicant income
1,016Loans originated
194Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,650 | 1,065 | 15.8% | 7.00% | #25 |
| 2024 | 1,515 | 1,003 | 14.9% | 6.88% | #30 |
| 2025 | 1,449 | 1,016 | 13.4% | 6.75% | #36 |
What Synovus Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Synovus Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 335 | 233 | 49 | 14.6% |
| Madison County | 117 | 83 | 15 | 12.8% |
| Walker County | 115 | 93 | 5 | 4.3% |
| Lee County | 108 | 73 | 15 | 13.9% |
| Montgomery County | 104 | 67 | 13 | 12.5% |
| Limestone County | 100 | 78 | 6 | 6.0% |
| Morgan County | 79 | 58 | 7 | 8.9% |
| Russell County | 76 | 50 | 16 | 21.1% |
| Shelby County | 74 | 47 | 14 | 18.9% |
| Tuscaloosa County | 68 | 46 | 17 | 25.0% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 1,449 applications in 2025, of which 1,016 were originated and 194 denied.
13.4% of all applications, or 15.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Synovus Bank originated in Alabama in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are Synovus Bank's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology