PNC Bank mortgage review 2026

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The Yahoo Finance View: A good choice for borrowers, particularly on the East Coast, PNC Bank offers first-time home buyers grants, PMI-free loans, and medical professional loans. It's also earned a spot on Yahoo Finance's list of the best FHA mortgage lenders.

PNC Bank has some in-depth tools for first-time home buyers, a competitive home equity line of credit — and some unique transparency with its mortgage rates. Two areas that could be improved: an easier guide to several specialty loan programs and a better customer service rating.

Overall, PNC scores well in Yahoo Finance's reviews of leading lenders.

Key benefits

• A PNC grant of up to $15,000 can be applied to closing costs or a down payment to income-eligible borrowers or those living in a qualified area.

• PNC offers a Community Loan that allows a down payment as low as 3% with no private mortgage insurance.

• A Medical Professional program provides mortgage loans up to $1.5 million, with cash gifts allowed to fund a portion of the down payment. Private mortgage insurance is also waived.

Need to know

• According to the latest J.D. Power Mortgage Origination Satisfaction Study, PNC ranks below average in customer satisfaction.

• Specialty loan programs are difficult to find on PNC's website and are not highlighted on the home loans main page. Here’s where we found them.

Get started at PNC Bank’s mortgage website.

PNC home loan product offerings

PNC Bank offers these home loans:

• Conventional loans

• FHA loans

• VA loans

• USDA loans

• Purchase mortgages

• Refinance loans

• Cash-out refinance loans

• Fixed-rate mortgages

• Adjustable-rate home loans

• Jumbo loans

• Interest-only mortgages (on jumbo loans)

• Second home loans

• Investment property loans

• Lot loans

• Manufactured home mortgages (not on the website, but availability confirmed)

• Construction loans

• Renovation loans

• ITIN mortgages (not on the website, but availability confirmed)

• Piggyback loans (called combination loans at PNC)

• Medical professional loans

• HELOCs

PNC mortgage does not offer these home loans:

• Guest house/ADU loans

• Nonqualified mortgages

• Energy-efficient mortgages

• 1% down payment mortgages

• Buydown loans

• Bridge loans

• Home equity loans

Discover how to get a mortgage as a non-U.S. citizen with an ITIN loan.

PNC Bank mortgage for first-time home buyers

PNC takes a deep dive into buying a home for first-timers with its Home Insight Planner.

Rather than just a series of how-to articles and typical educational resources — which PNC has as well — this tool helps potential home buyers create a dashboard where they can compare mortgage products, interest rates, workup payment options, and more. Plus, you can save your favorite options.

You can also access your credit score, something you'll want to know before you get too deep into the home-buying process.

• MORE: See our picks for the best mortgage lenders for first-time home buyers.

PNC Bank mortgage for home equity lending

PNC offers a home equity line of credit (HELOC), allowing the convenience — and possible interest savings — of drawing money from your home's equity only as needed.

PNC home equity line of credit

Depending on where you live and how much you can borrow, there are a few moving parts to the maximum loan-to-value ratio (LTV), but generally, it's from 80% to 89.9% of your home's current market price estimate.

PNC HELOC fees

A one-time origination fee may be charged based on the approved line of credit and the property location. Origination fees are currently being charged in every U.S. state except Texas.

You'll also pay a $50 annual fee.

You can choose a fixed or variable interest rate and even change your mind later. However, there is a $100 fee to switch.

• How does a fixed-rate HELOC work?

PNC Bank home mortgage loan rates 2026

Sample mortgage rates are available by entering a home's purchase price, your down payment, credit score range, the amount you need to borrow, and the ZIP code where the property is located. The form is not tied to a required contact with a representative. We like that.

Besides, providing even just a little information helps to make the sample rates a little closer to reality.

On the day we researched the site, the sample rates shown from our information were a 30- and 15-year fixed-rate and a 7-year adjustable-rate mortgage. You can click into two additional sections to see more rates, and there are links to FHA and VA mortgage rates.

The rate assumptions are clearly posted, and in this instance, a debt-to-income ratio (DTI) of 36% was required.

All are very nicely organized, well-presented, and easy to navigate.

• Here are 8 strategies for getting the lowest mortgage rates.

How PNC scores on mortgage rates and loan costs

Yahoo Finance uses 2024 Home Mortgage Disclosure Act data from almost 5,000 mortgage companies to score mortgage lenders on issued mortgage rates and total loan costs. We score each lender on a scale of 1 (lowest) to 5 (highest).

For example, with mortgage rates a lender with a lower score charged a higher-than-median mortgage interest rate for loans issued in 2024. A higher score would indicate a lender granted lower-than-median home loan interest rates to borrowers in 2024.

With total home loan costs, a lower score would indicate that a lender charged higher-than-median total home loan costs in 2024. A high rating would mean that a mortgage lender offered lower-than-median all-in home loan costs in 2024.

PNC home loan rates score: 3 out of 5 stars

PNC total loan costs score: 3 out of 5 stars

What this means: PNC offered a near-median mortgage rate of 6.5% and a near-median total loan cost of $4,802.19 to borrowers in 2024.

PNC mortgage application

Many lenders use third-party solutions on their websites for the application process. The PNC mortgage application is just that, online software using one of the largest white-label providers of digital loan tools. You can import financial information, including salary and bank accounts, and track your loan application as it moves through underwriting.

However, you can't just zip through a PNC online mortgage application and get an instant mortgage preapproval. After you complete the initial portion of the application, you'll need to contact a loan officer to finish it up and see if you qualify.

You can also apply by calling a PNC loan specialist or scheduling a callback at your convenience.

PNC has a helpful mortgage application section on its website called "What to expect: From application through closing." The guide includes the documents required, how you will be notified about a loan decision and other details of the home loan process.

PNC mortgage preapproval

To gain preapproval, you will have to provide financial information and work with a PNC mortgage loan officer to submit your application. You should also expect to do the following:

• Verify your loan income and financial assets.

• Provide additional financial information as requested.

• Wait for your PNC home loan officer to contact you by phone or email to notify you of the application decision.

What documents do I need for mortgage loan preapproval?

PNC mortgage home-buyer tools and calculators

In addition to the Home Insight Planner mentioned up top, PNC has a Mortgage Scenario Builder so you can compare mortgage options. The tool requires you to create a profile with your name, address, and email, so we didn't try it out.

PNC also has a few calculators to choose from, including:

• Home affordability

• Mortgage payments

• Down payment

• Extra payments

• Closing costs

• Home refinancing savings

• Refinancing costs

How much house can you afford? Use our home affordability calculator.

PNC mortgage pros and cons

Pros

• PNC mortgage earns a high rating (5 stars) in our Affordability category for offering a wide range of home loan solutions.

• PNC Bank home loans get a 5-star score for Mortgage Rate Transparency for providing sample interest rates based on relevant information you provide without having to be contacted.

• Offering an ample resource of web-based borrower educational material earns PNC Bank mortgage 4 stars in our Online Features category.

Cons

• Receives average marks for offering near-median interest rates and loan costs. PNC is no bargain — but it is not expensive either.

What are mortgage points, and should you pay for them?

How PNC mortgage compares to other mortgage lenders

PNC mortgage vs. Chase Home Lending

PNC offers construction loans, but Chase Home Lending doesn't. However, Chase offers financing for second homes and investment properties.

Chase offers a $5,000 closing guarantee in as little as three weeks.

The right lender for you depends on your particular needs. That's the power of comparison shopping lenders. And you don't have to do all of the homework. Applying with multiple lenders can help surface your best loan offer.

Chase mortgage review

PNC mortgage vs. Bank of America mortgage

Both banks offer closing costs and down payment assistance. PNC Bank has grants up to $15,000 to eligible borrowers in qualified areas. Bank of America mortgage offers grants of up to $7,500 towards closing costs and $10,000 for down payment assistance for qualified buyers.

According to J.D. Power, Bank of America and PNC are on opposite sides of the customer satisfaction scale. BofA ranks near the top of J.D. Power's 2025 Satisfaction Study, while PNC is near the bottom.

Bank of America mortgage review

PNC mortgage vs. Wells Fargo mortgage

PNC Bank and Wells Fargo are well known on opposite ends of the country. PNC is a noted home loan lender on the East Coast, while Wells Fargo mortgages have a long history of serving the West Coast.

However, PNC mortgages have a service profile of lending to both bank customers and borrowers without a PNC banking relationship. Wells Fargo decided to primarily serve existing bank customers.

PNC Bank mortgages also offer home equity lines of credit, while Wells Fargo currently doesn't offer any second mortgage options.

Wells Fargo mortgage review

PNC mortgage FAQs

What is the 800 number for PNC?

The number for PNC mortgage customer service is (800) 822-5626

What does PNC stand for?

PNC resulted from the 1983 merger of two Pennsylvania banks: Pittburgh National Corporation and Provident National Corporation. Today's PNC Financial Services Group is a publicly traded company using the stock ticker PNC.

How do I find a local PNC mortgage loan officer?

You can use this tool to search for a PNC home loan officer in your area.

Methodology:

Yahoo Finance reviews and scores mortgage lenders with quintile scoring in five primary categories: 1) Interest rates. Using 2024 Home Mortgage Disclosure Act data from almost 5,000 mortgage companies, we score mortgage lenders on issued mortgage rates below or above the annual median of reporting lenders. 2) Affordability. A measure of loan product availability and the willingness of a lender to offer government-backed loans, low down payments, down payment assistance, and consideration of nontraditional credit. 3) Loan costs. HMDA data is again analyzed, and lenders are rated based on total loan costs compared to the annual median. 4) Rate transparency. The ability of a website user to obtain a mortgage interest rate estimate. We score lenders based on whether rates are enhanced with discount points or high credit score requirements, disclaimers revealing rate assumptions, sample advertised rates, and whether adjustable or no discount point rate estimates are available. 5) Online features. An analysis of the educational material, calculators, and additional resources available to users.

Review of Nationwide Multistate Licensing System (NMLS) data on regulatory actions can trigger a penalty to the score of any lender with a consumer mortgage-related administrative or enforcement action within the past five years.

Advertisers or sponsorships do not influence ratings.

Editorial disclosure for mortgages:

The information in this article has not been reviewed or approved by any advertiser. The details on financial products, including interest rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the lender's website for the most current information. This site doesn't include all currently available offers.

Laura Grace Tarpley edited this article.

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