Synovus Makes $100 Million Affordable Mortgage Commitment
October 02 2017 - 8:30AM
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.
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