- Budget with confidence, knowing that your interest rate and monthly principal and interest (P&I) payments won’t change during your loan term.
- Spread out your payments over up to 30 years, or pay your home off sooner with a variety of loan terms. You can choose repayment terms from 10 to 30 years.
- Lock in your interest rate and reduce your exposure to changes in the economy.
Home sweet loan.
Compare our Mortgage Products.
Buying a home is a major milestone, but figuring out how to pay for it can stressful. We offer a variety of mortgage products and are here to help you choose the right one for you.* We’ll also help you through the mortgage process, from pre-qualification to closing, to make your home buying experience as stress-free as possible.
Select products to compare:
Fixed RateAdjustable Rate
Federal Housing Administration (FHA)
Department of Veteran Afffairs (VA)
Contruction
Jumbo
Fixed Rate
Adjustable Rate
Federal Housing Administration (FHA)
Department of Veteran Afffairs (VA)
Contruction
Jumbo
For borrowers looking for
- The same interest rate for the life of the loan.
- Variety of repayment terms from 10 to 30 years.
- Lower interest rates than fixed-rate mortgages.
- Variety of repayment terms from 5 to 10 years.
- Smaller down payments.
- Loans for qualified veterans, reservists, or active duty personnel.
- Flexible terms
- Interest-only payments during construction One loan that combines your construction costs and permanent mortgage.
- Higher loan amounts
- Available as fixed-rate or adjustable-
What you need to know
- Higher monthly payments.
- Rates fluctuate after a period of time.
- Loan size limits may apply based on state or county.
- Loan must be for primary residence.
- Loan size may be limited. Loan size limits may apply based on state or county
- Loan must be for primary residence. Loan must be for primary residence.
- High credit score.
- High monthly payments.
- Higher interest rate than fixed- or adjustable- rate mortgages.
- Partial loan payments.
- Requires higher credit score, income, and down payment.
Down payment requirements
As low as 3% of purchase amount
As low as 3% of purchase amount
3.5% of purchase amount
0% of purchase amount
10% or more of purchase amount
20% or more of purchase amount
Income requirement
Moderate
Moderate
Low to Moderate
Moderate
High
High
Credit risk elegibiliy
High
High
Low
Low
High
High
Fixed-interest rate
Yes
No
Yes
Yes
Yes
Yes
Terms available
10, 15, 20, 30 years
5, 7, or 10 years
Fixed-Rate 10, 20, or 30 years
Adjustable-Rate Mortgages 30 years
15 or 30 years
Fixed-Rate 15, 20, 25, or 30 years
Adjustable-Rate Mortgages 15 or 30 years
Fixed-Rate 15, 20, 25, or 30 years
Adjustable-Rate Mortgages 15 or 30 years
Mortgage insurance
If down payment <20%
If down payment <20%
Yes
No
If down payment <20%
If down payment <20%
Compare our loan benefits:
- Enjoy an affordable monthly payment, lower than a fixed-rate mortgage.
- Interest payments during the early years of your Adjustable Rate Mortgage (ARM) loan will be generally lower than those of a fixed-rate mortgage.
- Save money on interest payments if you plan to move or refinance within a few years.
- Your initial interest rate will remain the same for a period of 5, 7, or 10 years, depending on the mortgage you choose, and then adjust semi-annually, based upon current interest rates.
- With down payment options as low 3.5%, you’ll need less cash up front for your down payment and closing costs with an FHA loan.
- FHA loans are available for all income levels and may allow you to use a gift or grant for all or a portion of your down payment or closing costs.
- Use an FHA loan to purchase or refinance your home, and choose from a variety of fixed-rate and adjustable rate loan options.
- With down payment options as low 3.5%, you’ll need less cash up front for your down payment and closing costs with an FHA loan.
- FHA loans are available for all income levels and may allow you to use a gift or grant for all or a portion of your down payment or closing costs.
- Use an FHA loan to purchase or refinance your home, and choose from a variety of fixed-rate and adjustable-rate loan options.
- Choose from multiple home construction loan interest rate and term options, including zero points loans, to meet your needs.
- Save money by making interest-only payments while your home is being built.
- Put the equity in your land toward your down payment requirements, or use your loan funds to purchase your lot.
- Take out one loan that combines your construction costs and permanent mortgage.
- For borrowers needing higher loan amounts.
- Available as fixed-rate or adjustable-rate loans.
- Jumbo mortgages are available for primary residences, second or vacation homes and investment properties, and are also available in a variety of terms, including fixed-rate and adjustable-rate loans.
EZApplySM from Santander®
Ready when you are with the fastest and simplest way to apply and close on a Santander Mortgage.
- Apply fast and paperless any time, anywhere.
- Track your application status from start to finish.
- Work with a loan specialist assigned to you
- Close the loan at your convenience.
Pre-qualify quickly and easily.
Start or check the status of your application.
How Santander Home Lending steps up.
- Competitive rates on the right mortgage for you.
- Service your way, in-person or online.
- Access to more than 500 branches across the Northeast.
- An A+ Better Business Bureau Rating.
Highly rated Mobile Banking App.
234k ratings as of 1/26/2021.
Bank your way. Check your balance, deposit checks, pay bills, shop with Apple Pay®, or transfer money, virtually anywhere, any time.
Santander PROTECHTION.
Digital banking with Santander PROTECHTION gives you the confidence and control to bank online with peace of mind.
- Manage accounts. Know you’re safe with us, using digital controls for cards, alerts, and more.
- Manage cards. Activate debit and credit cards, put a misplaced card on hold, report them lost or stolen, and request replacements.
- Set up alerts. Select and customize the alerts you want to receive, refine alert settings, and choose whether to receive them via text, email, or both.
Have questions?
1-855-684-4968
Call our Home Lending Center.
Arrange a meeting with one of our loan specialists.
* All loans subject to approval.
© Santander Bank, N. A. 
Equal Housing Lender - Member FDIC
