Santander Bank N.a. Mortgage Rates, Fees & Info
Wilmington, DELEI: TR24TWEY5RVRQV65HD49
Tax ID: 23-1237295
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Santander Bank N.a. is a small bank specializing in Refi and Home Purchase loans. Santander Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Philadelphia, New York, Miami, and Houston among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Santander Bank N.a. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.54% | 11/17/24 |
| 30 Year Conventional Purchase | 6.18% | 11/17/24 |
| 30 Year Conventional Refi | 6.32% | 11/17/24 |
| 30 Year Cash-out Refi | 6.54% | 11/17/24 |
| 30 Year FHA Purchase | 6.99% | 11/17/24 |
| 30 Year VA Purchase | 5.97% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.72% | 11/17/24 |
| 15 Year Conventional Refi | 5.90% | 11/17/24 |
| 15 Year Cash-out Refi | 5.90% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Santander Bank N.a. Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Santander Bank N.a.. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
70Origination Dollar Volume (All Markets)
$1,252,640,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $142,025,000 | $28,405,000 | $0 | 5.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $137,430,000 | $22,905,000 | $0 | 5.55% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $103,880,000 | $10,388,000 | $1,088 | 5.17% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $98,145,000 | $19,629,000 | $0 | 5.79% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $63,025,000 | $21,008,333 | $0 | 5.51% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $60,600,000 | $30,300,000 | $0 | 5.62% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $55,005,000 | $55,005,000 | $0 | 5.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $48,105,000 | $48,105,000 | $0 | 5.24% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 5 | $47,185,000 | $9,437,000 | $0 | 5.60% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $47,010,000 | $23,505,000 | $0 | 5.68% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $46,905,000 | $15,635,000 | $0 | 5.45% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $39,460,000 | $19,730,000 | $0 | 5.87% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $38,005,000 | $38,005,000 | $0 | 5.82% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $37,685,000 | $12,561,667 | $0 | 5.60% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $33,755,000 | $33,755,000 | $0 | 3.10% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $30,260,000 | $15,130,000 | $0 | 5.47% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $30,005,000 | $30,005,000 | $0 | 5.28% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $30,005,000 | $30,005,000 | $0 | 5.78% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $28,005,000 | $28,005,000 | $0 | 4.45% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $26,005,000 | $26,005,000 | $0 | 5.54% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $14,305,000 | $14,305,000 | $0 | 5.62% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $14,005,000 | $14,005,000 | $0 | 5.85% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $13,105,000 | $13,105,000 | $0 | 5.59% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $12,505,000 | $12,505,000 | $0 | 4.37% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $12,005,000 | $12,005,000 | $0 | 5.39% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $11,680,000 | $5,840,000 | $0 | 6.77% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $8,155,000 | $8,155,000 | $0 | 5.61% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $7,345,000 | $7,345,000 | $0 | 5.69% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $6,505,000 | $6,505,000 | $0 | 6.18% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $6,205,000 | $6,205,000 | $0 | 5.32% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 5.37% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,079 | 3.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,328 | 10.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against Santander Bank N.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
Similarity Rank: 21
Similarity Rank: 22
Similarity Rank: 34
Similarity Rank: 40
Similarity Rank: 40
Similarity Rank: 42
Similarity Rank: 45
Similarity Rank: 45
Similarity Rank: 48
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $1,244,665,000 | $18,038,623 | $1,165 | 5.52% |
| HELOC | 1 | $7,975,000 | $7,975,000 | n/a | 7.43% |
For 2023, Santander Bank N.a.'s most frequently originated type of loan was Conventional, with 69 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2023, Santander Bank N.a.'s most frequently cited loan purpose was Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
For 2023, Santander Bank N.a.'s most frequently cited loan duration was 5 Year, with 52 originations. The 2nd most popular length was 10 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $575,000 | $191,667 |
Santander Bank N.a.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
During 2023, Santander Bank N.a.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 53 originations.
Loan Sizing
2023 saw Santander Bank N.a. place emphasis on $1MM+ loans with 67 originations, totaling $1,252,065,000 in origination value.
Applicant Income
Santander Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $255,000 | $255,000 | $1,088 | 2.88% |
| 30-36% | 1 | $15,000 | $15,000 | $1,328 | 10.49% |
| 45% | 1 | $305,000 | $305,000 | $1,079 | 3.75% |
Santander Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.19%
Santander Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination84.29%
Santander Bank N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 70 | $1,252,640,000 | $17,894,857 |