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Important disclosure information

Terms and conditions available for applications taken on or after March 21, 2024.

1. The variable rate used to create these examples is calculated by using prime plus 0.40% APR (with a 0.25% discount for auto-deduct from a Synovus personal deposit account, a $250,000 commitment amount and first lien position) APR is based on several factors including credit score, credit history, Loan to Value (LTV), commitment amount and lien status. APR is subject to a minimum floor rate of 3.99% for relationship balances below $500,000, and 2.99% for Inspire and Private Wealth relationship balances greater than or equal to $500,000. The maximum LTV may vary with the amount borrowed, credit score, location, relationship program and balance, and property type. APR is subject to a minimum floor rate. The maximum APR rate is 18.00%. The relationship balance used for the rate determination is defined as the balance in place at the time of application. Private Wealth and Inspire Account clients are subject to different terms and conditions. For more information on Inspire, see Synovus.com/SynovusInspire. For more information on Private Wealth, see Synovus.com/PrivateWealth. Back
2. Conversion Option Rules - The 30 year HELOC offers an interest only or 1.50% payment (or $50 minimum) during the initial draw period of 10 years. The draw period is followed by a 20-year repayment with a payment of 1.50% of the balance (or a $50 minimum). You are allowed to convert all, or any portion of the balance above $5,000, to a fixed rate/fixed term. Conversions are limited to three fixed rate options during the draw period; there is a $50 fee for each option. Once converted, that balance will remain at that fixed rate for the remainder of the term selected and cannot be selected for conversion again. Fixed rates available for selection vary based on the term chosen for repayment, discount received for auto debit, amount converted, Loan to Value (LTV) and credit history. Note that Private Wealth and Inspire Account clients are subject to different rates and conditions. For more information on the Inspire program, see Synovus.com/SynovusInspire. For more information on Private Wealth, see Synovus.com/PrivateWealth. The repayment period for these options cannot exceed the HELOC’s maturity date. Back
3. Illustrative Example - The fixed rates featured in the examples are based on a HELOC with a 49.90% Loan to Value (LTV), a auto debit discount of 0.25%, a $250,000 commitment amount and first lien position and term of fixed rate option term of 15 or 30 years. The fixed APRs are computed by adding a fixed rate conversion margin (less any relationship or auto debit discount) and a fixed rate option term premium, to the prime rate at conversion. The 15 year fixed rate example is computed by using the prime rate at the time of conversion of 8.50% (as of March 21, 2024) and adding the base of 0.40% (0.65% less a 0.25% discount for having auto debit) plus a fixed rate option term premium of 0.30% APR for 15 equaling a total fixed rate of 9.20% APR. The 30 year fixed rate example is computed by using the prime rate at the time of conversion of 8.50% (as of March 21, 2024) and adding the base margin of 0.40% (0.65% less a 0.25% discount for having auto debit) plus a fixed rate option term premium of 0.50% APR for 30 years equaling a total fixed rate of 9.40% APR. Back