Synovus Makes $100 Million Affordable Mortgage Commitment

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.

“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.”

Synovus Mortgage Corp. is the subsidiary providing mortgages throughout the Bank’s footprint of Georgia, Alabama, Florida, South Carolina, and Tennessee. AMP is available in all five states.

¹Loans subject to approval, including credit approval. Certain terms and restrictions apply.

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. 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. Synovus Bank is on the web at synovus.com, on Twitter @synovus, and on LinkedIn at http://linkedin.com/company/synovus. Equal Housing Lender.