Santander Home Equity Loans Review


Rating: 8.6 / 10 (Excellent)
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How is Santander rated?
8/10
Services
10/10
Loans
9/10
Qualifications
9/10
Accreditation
7/10
Loan Details
9/10
Customer Support

Santander Bank is a subsidiary of Banco Santander with 650 branches worldwide. The company provides banking services and financial solutions that include investments, borrowing, insurance, home equity and other lines of credit for individuals and businesses.

Services and Features

Santander Bank offers home equity loans that can be paid up to 10 years. It has a fixed rate lock that lets you set up monthly payments and coverts a part of the outstanding balance and access the available funds with their online banking.

Borrowers can use their home equity line of credit for renovations, finance education, and payment for expenses. Santander Bank provides a sample of payment computation that varies per state, draw amount, and interest rates.  


Santander Bank provides a free home appraisal on home equity line of credit. The company will review and decide the kind of assessment based on the required line amount. Santander Bank provides home equity calculator to determine and estimate the home’s value and equity.

Santander Banks has a draw period of 10 years. It is the period of time that you can use to access the home equity funds. When draw period expires, clients can have an additional 20 years to repay the remaining balance.

Services and Features

Home Equity Mortgage Calculator

Refinancing

 ✔    

Online Quotation

Online Application 

Financial Guide

HELOC Draw Period

10 Years

Types of Home Equity Loans

Fixed Rate Loans

Home Equity Lines of Credits (HELOC)

Qualifications

Age

At least 18 years old

Credit Score  (Minimum)

Not Stated

Primary Home Owner

Accreditations

Member of US Department of Housing and Urban Development

 

Member of FDIC

Insured by FHA

Approved by Equal Housing Lender

Plan Details

Origination Fee

Not Stated

Closing Cost

Free

Maintenance Cost

Not Stated

Application Fee

Free

Variable Rate APR

2.74%

Fixed Rate APR     

Not Stated

Help and Support

Mobile App

Telephone Support

Live Chat

Email

FAQs

Home Equity Loan at Santander Bank

Santander Bank offers a good mix of home equity loans which comes with a flexible terms and services that can help borrowers find the best solution for their home equity needs.  

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