Synovus Bank · South Carolina · 2025

Synovus Bank in South Carolina: approval rate, denial rate and rates (2025)

Synovus Bank took 682 mortgage applications in South Carolina in 2025, ranking #81 of 1,143 lenders active in the state. It originated 67.2% of them and denied 17.6% (20.1% of the applications it decided), against a statewide denial rate of 18.3%.

682Applicationsin SC
20.1%Decision denial ratestate 23.5%
7.20%Median ratestate 6.50%
$245,000Median loanstate $225,000
$186MVolume31 counties

Synovus Bank in South Carolina vs the state

17.6%Denial rate-0.71 pts vs state
20.1%Decision denial rate-3.37 pts vs state
67.2%Origination rate+10.55 pts vs state
7.20%Median rate+0.70 pts vs state
0.42Rate spread (pts)+0.20 pts vs state
$133kMedian applicant income
458Loans originated
120Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
202397563318.1%8.23%#51
202468742119.8%8.05%#74
202568245817.6%7.20%#81

What Synovus Bank lends in South Carolina

By loan purpose

Home purchase 281 41% · 7.1% denied
Refinance 144 21% · 20.1% denied
Cash-out refinance 12 2% · 16.7% denied
Home improvement 74 11% · 29.7% denied
Other / HELOC 171 25% · 27.5% denied

By loan type

Conventional 628 92% · 18.3% denied
FHA 36 5% · 13.9% denied
VA 17 2% · 0.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied South Carolina applicants

Debt-to-income ratio 74 62%
Other 15 13%
Credit history 15 13%
Unverifiable information 8 7%
Collateral 7 6%
Insufficient cash 1 1%

Where in South Carolina

Counties with the most Synovus Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Charleston County 1227131 25.4%
Richland County 1107618 16.4%
Lexington County 775411 14.3%
Beaufort County 634211 17.5%
Horry County 57437 12.3%
Greenville County 55419 16.4%
Sumter County 30185 16.7%
Spartanburg County 26204 15.4%
Kershaw County 25212 8.0%
Berkeley County 2079 45.0%

Other large lenders in South Carolina

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,40316.8%6.63%
Vanderbilt Mortgage and FinanceF 12,27240.7%6.50%
United Shore Financial ServicesB 9,23612.8%6.13%
21st MortgageF 6,51048.2%10.41%
Dhi Mortgage CompanyB 6,18417.4%4.99%
Navy Federal Credit UnionD 5,42421.2%7.50%
First-Citizens Bank & TrustB 5,39920.9%6.38%
Freedom MortgageB 5,2967.3%6.25%
Mortgage Research CenterC 5,18919.1%6.25%
Bank of AmericaF 5,00933.1%6.24%

Frequently asked questions

South Carolina: 682 applications in 2025, of which 458 were originated and 120 denied.

17.6% of all applications, or 20.1% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Synovus Bank originated in South Carolina in 2025 was 7.20%, against a statewide median of 6.50%.

About this data. Figures are Synovus Bank's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology