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Important news about home lending:

Understanding the changes at Santander

Santander is no longer accepting any new mortgage or home equity line of credit (HELOC) applications as of February 11, 2022.

We considered many factors in making this decision, which are explained in the question and answer section below. If you’re a current home loan client or have recently applied for a home loan with us, please know that this change does not affect you. We will continue to service current loans and loan applications under the same terms.

  

Fast facts about this decision

Overview

On February 2, 2022, we announced our decision to stop originating residential mortgage and home equity lines of credit (HELOCs). We will continue to service our existing home loans and lines and will honor pending mortgage and HELOC applications. The last day Santander accepted new home loan applications was February 11, 2022. We continue to process complete applications and close approved loans that were submitted as of 11:59 p.m. Eastern Time Friday, February 11.

Mortgage

If you have an existing mortgage with us, you are not currently impacted by this change. We’ll continue to service these home loans just as we have been. Your rate and term will remain unchanged.

HELOC

If you have an existing home equity line of credit (HELOC) with us, you are not currently impacted by this change. We’ll continue to service these home loans just as we have been. Your rate and term will remain unchanged.