Get the keys to your home with a piggyback loan from Santander Bank.

80-10-10 Combination Loan

If you've found your dream home, but the 20% down payment is a stretch, consider Santander Bank's 80-10-10 Combination Loan., Also known as a piggyback loan, which an 80-10-10 Combination Loan combines a mortgage with a variable rate home equity line of credit (HELOC) to lower your down payment. With down payments as little as 10.01%, one application, and one closing, an 80-10-10 loan is it's an affordable and convenient approach to home ownership.

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80-10-10 Combination Loan Advantages

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More Affordable

Purchase your home for as little as 10.01% down.

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Lower Monthly Payment

Pay less every month by eliminating the need for Private Mortgage Insurance (PMI).

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Potential Tax Deductibility

Potentially take advantage of tax-deductible interest on both your first mortgage and home equity line of credit (HELOC).

What is an 80-10-10 Combination Loan?

The Santander Bank 80-10-10 Combination Loan is a piggyback loan option that allows customers to make home ownership a reality with as little as 10.01% down. The 80-10-10 Combination Loan consists of a first mortgage from Santander Bank for 80% of your home's value, a variable rate home equity line of credit (HELOC) as a piggyback loan for 9.99% of the home's value, and the 10.01% cash down payment.
80% First Mortgage
9.99% Home Equity Line of Credit
10.01% Cash Down Payment

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1 All loans subject to approval.

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