Realizing your dream of owning your own home can be easier than it seems, especially with Banco Santander's real estate financing solutions.
With competitive rates, affordable terms, and a digitalized process, Santander has stood out among Brazil's leading banks when it comes to mortgage loans.
In this article, you'll understand how financing works, who can apply, what documents are required, and much more. All of this with a focus on clarity, security, and financial planning.
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How Santander Real Estate Financing Works
Banco Santander's real estate financing allows individuals to purchase new, used, or under-construction residential properties, or even transfer contracts from other banks. The offer involves borrowing up to 80% of the property's value, and the customer repays this amount in monthly installments with terms of up to 35 years.
Santander uses the SAC (Constant Amortization System) or Price amortization system, depending on the customer's choice, and offers different payment methods that can be adjusted to each consumer's profile.
Types of Financeable Properties
- New or used residential properties
- Commercial properties (in some specific cases)
- Properties under construction with partner developers
- Properties awarded with special conditions
Term and Percentage Financed
- Payment term: up to 420 months (35 years)
- Financed amount: up to 80% of the property (on average)
- Possibility of using FGTS as a down payment or for amortization
Who Can Apply for Santander Real Estate Credit?
Financing is available to individuals between the ages of 18 and 75. Applicants must demonstrate sufficient income to cover the monthly installments, which must not exceed 30% of their net family income.
Basic prerequisites:
- Be over 18 years old
- Have a regularized CPF
- Present proof of income compatible with the amount requested
- Not have serious restrictions on the name at the time of analysis
- Submit mandatory documents required by the bank
Required Documentation
When initiating the financing process, the customer must submit certain documents for credit analysis. The following are the main ones:
Buyer's Documents
- Identity document (RG or CNH)
- CPF
- Proof of marital status (birth or marriage certificate)
- Updated proof of residence
- Proof of income (pay stub, bank statements or income tax return)
Property Documents
- Updated registration certificate
- Purchase and sale agreement
- IPTU payment statement
- Property appraisal report (prepared by the bank)
Santander Financing Simulation
Before taking out a loan, we highly recommend running a simulation to understand the installment amounts, interest rates, ideal term, and total contract value. Santander real estate financing simulator is available free of charge on the bank's official website.
Step by step to simulate
- Visit the official Santander website
- Choose the option “Simulate real estate financing”
- Enter the value of the property and the down payment
- Choose the desired deadline
- Report your monthly income
- Check the estimated installment value with interest
What are the interest rates?
Santander's interest rates are competitive and vary depending on the customer's profile, the amount financed, the term, and the relationship with the bank. Currently, rates can range from 9.99% per year + TR (Reference Rate), but this may change depending on the economic climate.
Factors that influence the rate:
- Entry fee
- Chosen deadline
- Property type
- Customer credit profile
- Relationship with the bank (such as having a current account or salary credited at Santander)
Financing with FGTS
If the buyer meets the legal requirements, it is possible to use the Severance Indemnity Fund (FGTS) both for the down payment on the property and to pay off the outstanding balance. This is an excellent way to reduce the amount of installments or even pay off part of the loan with less financial impact.
Santander Awarded Properties
A little-publicized advantage is the financing of properties awarded by SantanderThese are properties repossessed by the bank due to default and resold with special conditions. Prices are often below market value, and the bank offers financing at even more attractive rates.
These opportunities are ideal for those looking to save money on purchases or invest in real estate.
Advantages of Santander Real Estate Financing
- ✔️ Digital process: many steps can be done online
- ✔️ Specialized support to answer questions
- ✔️ Flexible payment terms
- ✔️ Possibility of using FGTS
- ✔️ Competitive rates and long terms
- ✔️ Option of properties awarded with below-market value
Tips for Getting Approved for Financing
To increase your chances of having your financing proposal approved, follow some best practices:
- Keep your CPF regularized
- Avoid committing more than 30% of your income to debt
- Organize all documentation in advance
- Have a reasonable down payment to reduce the amount financed
- If possible, start or maintain a relationship with the bank (e.g., open a checking account)
Santander Financing Process Stages
The process is divided into phases, from simulation to signing the contract:
- Financing simulation
- Submission of documents and credit analysis
- Property valuation
- Final approval of the proposal
- Signing of the contract
- Notary registration and credit release
Final Considerations
Real estate financing through Santander is a safe, practical, and affordable alternative for those looking to buy their own home or make an investment. With flexible terms, competitive rates, and the ability to complete almost the entire process online, the bank offers solutions that meet the needs of different buyer profiles.
If you're planning to take this important step in your life, it's worth checking out Santander's terms and conditions, simulating financing, and organizing your documents. With the right preparation, your dream of owning a home may be closer than you think.
For more details, visit Banco Santander's official website or find a branch near you.