Lock in today’s interest rates with our fixed rate options.1

Want to lock in your rate?

Important disclosure information

  1. Variable rates range from prime plus 0.74% APR (with a 0.25% discount for auto-deduct from a Synovus personal deposit account) to prime plus 6.79% APR; APR is based on several factors including credit history, Loan to Value (LTV), and lien status. APR is subject to a minimum floor rate of 3.99%; the maximum APR rate is 18%. The interest rate will vary based on Wall Street Journal prime rate (as of June 16, 2022 prime rate is 4.75%) plus a margin. A prime rate of 4.75% (as of June 16, 2022) plus a typical margin of 0.74% would result in a current APR of 5.49% for 79.90% loan to value (LTV) which encompasses most HELOC borrowers. 89.90% LTV maximum (ask for current rates). LTV may vary with the amount borrowed, property type, location and credit score. The maximum LTV may vary with the amount borrowed, credit score and property type. 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 79.90% loan to value (LTV) which encompasses most HELOC borrowers. Maximum LTV is 89.90% (ask for current rates). LTV may vary with the amount borrowed, property type, location and credit score. These rate examples also incorporate an auto debit discount of 0.25% and fixed rate option term of 15 or 30 years. The 15 year fixed rate example is computed by using the prime rate at the time of conversion of 4.75% (as of June 16, 2022) and adding the base margin of 0.74% (0.99% less a 0.25% discount for having auto debit) plus a fixed rate option term premium of 0.30% for 15 years, equaling a total fixed rate of 5.79% APR. The 30 year fixed rate example is computed using the prime rate at the time of conversion of 4.75% (as of June 16, 2022) and adding the base margin of 0.74% (0.99% less a 0.25% discount for having auto debit) plus a fixed rate option term premium of 0.50% for 30 years equaling a total fixed rate of 5.99% APR. Back