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Choice HELOC Speed to Close

Eligible clients may be ready to close in as little as 6 days.

Which Closing Timeline Do I Qualify For?

Faster-Close: Be ready to close in as little as 6 days

Eligible clients must submit all required documents within 24 hours of applying and meet specific eligibility requirements. Subject to credit approval.

Required documents typically include:

Pay stub dated within 30 days of application date, containing year-to-date income
Most recent 2 consecutive years W-2s
Homeowners Insurance declaration page or policy
Most recent mortgage balance statement

Faster-Close eligibility requirements:

Collateral located in PA, OH, FL or NJ
Property Value is between $75K and $750K
Choice HELOC line amount is $400,000 or less
Single family primary residence homes
Client is a W2 Wage earner with 6 months at current employer or retired
Client must consent to the use of electronic delivery and electronic signature of loan disclosures.
Unfreeze credit if applicable

Examples of circumstances that require the standard track:

Collateral requires interior inspection or is in a Special Flood Hazard Area (SFHA)
Property is held by a Trust or LLC or is closing with a Power of Attorney (POA)
Property has a title insurance requirement
Simultaneous close with a mortgage
Property Report lists undisclosed liens or judgements or requires a Property Tax Report (PTR) for additional tax verification purposes

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Standard Close: 30 Days to Close on average

75% of applications are approved in 30 calendar days or less. If additional documents beyond the required documents identified for the Faster-Close are needed, you generally will not be eligible for the Faster-Close. Documents should be submitted as soon as possible after applying.

See application checklist for more information.

Additional required documents may include:

Full interior appraisal
Explanation of recent credit inquires
Last 2 years' personal tax returns
Flood insurance policy
Trust agreement
Recorded Power of Attorney
Last 2 years' business tax returns

Circumstances that may require additional documents include:

Rental Incomes
Self-Employed
Second homes
Vacation homes
Non-single-family dwellings
Multi-unit properties
Condominiums
Large acreage property
Homes deeded in a Trust
Credit lines greater than $400,000 up to $1M

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After an application is submitted, a PNC representative will contact the client to provide updates specific to the loan application and review any applicable next steps and/or outstanding tasks that may need to be completed to help expedite the closing timeline.

Clients identified as initially eligible for a Faster-Close may be informed of the requirements and potential timeline to close. Please note that additional eligibility restrictions identified later in the application process may affect Faster-Close eligibility.

If eligibility changes, the client will be notified and provided with an updated closing timeline as needed. If the loan application receives final approval, the client will be contacted to schedule a closing appointment at the earliest available time that is convenient for them.

Learn More About PNC Choice HELOC

"Faster-Close" and the supporting statement “Be ready to close in as little as 6 days” were substantiated through internal PNC reporting that showed it took eligible clients a median of 6 business days (excluding weekends and holidays) from the date of application to being ready to schedule a closing appointment. This reporting is based on a sample of applications from 5/4/26 to 6/9/26, where required documents were typically provided within 24 hours of applying and the client met all eligibility requirements. Eligibility assumes that PNC can use a computerized model to determine property value. A full interior appraisal would most likely preclude eligibility for a Faster-Close timeline. The time from application to being ready to close may be different for each client based on their individual application characteristics including, but not limited to, those listed above.

Eligibility for a Faster-Close does not guarantee that your Choice HELOC will be processed, approved and be ready to close within six (6) business days. Additional eligibility restrictions may be identified during the processing of a client's application (e.g., title, flood zone, appraisal, or property issues) which may impact closing timelines. If issues arise during the processing of a client's application, additional time may be required, and the client may no longer qualify for a Faster-Close. PNC will make reasonable efforts to process applications for eligible clients as quickly as possible; however, closing timelines, including those for both the Faster-Close and Standard Close, are only estimates and not guaranteed.

PNC is a registered mark of The PNC Financial Services Group, Inc. (“PNC”). All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.

Brilliantly Boring is a registered mark of The PNC Financial Services Group, Inc.

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PNC Bank, National Association.

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