Synovus Bank in Tennessee vs the state
24.9%Denial rate+7.72 pts vs state
28.1%Decision denial rate+6.37 pts vs state
62.2%Origination rate+4.08 pts vs state
8.00%Median rate+1.38 pts vs state
0.79Rate spread (pts)+0.56 pts vs state
$153kMedian applicant income
115Loans originated
46Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 292 | 192 | 19.5% | 7.13% | #139 |
| 2024 | 215 | 138 | 20.9% | 8.98% | #193 |
| 2025 | 185 | 115 | 24.9% | 8.00% | #227 |
What Synovus Bank lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Synovus Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 50 | 29 | 17 | 34.0% |
| Williamson County | 39 | 26 | 11 | 28.2% |
| Hamilton County | 39 | 24 | 3 | 7.7% |
| Rutherford County | 8 | 3 | 3 | 37.5% |
| Wilson County | 7 | 4 | 3 | 42.9% |
| Blount County | 4 | 2 | 2 | 50.0% |
| Sumner County | 4 | 3 | 1 | 25.0% |
| Bradley County | 4 | 2 | 2 | 50.0% |
| Giles County | 4 | 3 | 0 | 0.0% |
| Coffee County | 3 | 2 | 1 | 33.3% |
Other large lenders in Tennessee
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,503 | 17.3% | 6.50% |
| United Shore Financial Services | B | 12,458 | 10.9% | 6.12% |
| Regions Bank | C | 11,247 | 36.5% | 4.99% |
| Vanderbilt Mortgage and Finance | F | 9,649 | 35.8% | 8.75% |
| Mortgage Research Center | C | 6,568 | 17.3% | 6.25% |
| FirstBank | C | 5,677 | 14.5% | 6.88% |
| CMG Mortgage | A | 5,643 | 2.9% | 6.50% |
| Freedom Mortgage | B | 5,493 | 8.0% | 6.25% |
| Pennymac Loan Services | C | 5,331 | 11.2% | 6.00% |
| Mortgage Investors Group | B | 4,454 | 3.5% | 6.50% |
Frequently asked questions
Tennessee: 185 applications in 2025, of which 115 were originated and 46 denied.
24.9% of all applications, or 28.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Synovus Bank originated in Tennessee in 2025 was 8.00%, against a statewide median of 6.62%.
About this data. Figures are Synovus Bank's own HMDA filing for properties located in Tennessee, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology