Credit is subject to approval. Certain restrictions and conditions apply. The property securing the CHELOC must be located in a state where PNC offers home equity products (excludes Alaska, Hawaii, Louisiana, Mississippi, Nevada and South Dakota).
Choice Home Equity Line of Credit HQ
Whether you're beginning your journey or ready to apply, see how a PNC CHELOC can help you take care of today, and plan for tomorrow.
With a PNC Choice Home Equity Line of Credit (CHELOC) you can:
Watch the Video to Learn About the PNC Home Equity Line of Credit
Learn More About Home Equity
Learn more about PNC's Choice Home Equity Loan Line of Credit, and if it's the right option for your needs.
Home Equity Insights Articles
HELOC vs. Home Equity Loan
Home equity lines of credit (HELOCs) and home equity loans are similar in that they both offer ways to turn your home equity into cash. But these two financial tools are not the same.
How to Use A HELOC
HELOCs (home equity lines of credit) give homeowners a way to convert some of their home’s value into cash. To understand how to use a HELOC, you first need to understand how it works and how it can benefit you when used correctly.
What is a Home Equity Line of Credit (HELOC)?
One of the benefits of homeownership is the ability to build equity in your home.
Finished Learning About Home Equity?
Home Equity Calculators
Use our home equity calculators to understand your CHELOC options and associated costs.
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This account provides the option to establish one or more fixed rate parts during the draw period for a term of 5–30 years (except in the state of Tennessee where terms range from 5-20 years). A $100 transfer fee applies each time a fixed rate part is established or unlocked. See account terms or ask us for details. The Introductory APR does not apply to any balances you transfer to a Fixed Rate Part.
Carrier fees for data usage may apply.
Texas Choice Home Equity Lines of Credit can only be secured by a primary residence designated as homestead property and can not exceed 80% combined loan to value of that property. Fees not applicable for accounts secured by Texas property include: Annual Fee and the reimbursement of any closing costs paid on borrower behalf by PNC Bank if customer closes the line of credit within 36 months of account opening. Minimum draw in Texas is $4,000. Choice Home Equity Lines of Credit secured by Texas property are not eligible for a VISA Choice Access Card and will be sent access checks upon request. PNC cannot use a customer’s home equity funds to pay (in part or in full) PNC non-homestead debt at account opening.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
PNC is a registered service 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.
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