Rate may increase after settlement.
Combination Loan
Buy a home with as little as 10.1% down & enjoy lower monthly costs.
Overview
1st and 2nd combination mortgages can eliminate the need for private mortgage insurance and provide flexibility in your home financing
Facts & Figures
Purchase a home with as little as 10.1% down and enjoy lower monthly costs. The 80-10-10 Combination Loan consists of a first mortgage from PNC for 80% of your home’s value, a PNC Bank home equity line of credit second mortgage for 9.9% of the value, and a 10.1% cash down payment.
- For a 20% down payment, put down as little as 10.1% of the purchase price and finance the remaining 9.9% with a Home Equity Line of Credit
- Potentially lower your monthly payment by eliminating private mortgage insurance (PMI)
- Interest on both loans may be tax-deductible. Consult a tax advisor
Costs & Fees
Typically these fees range from 2% to 6% of the loan amount.
Combination Loan FAQs
Top customer questions about Combination Loans.
Mortgage Calculators
Comparing loan options? Just looking for how much you can borrow? Use our home lending calculators to understand your home buying options and help you decide.
Mortgage Process Guide
Understand the basics before you start the mortgage process.
Need More Information?
From first mortgage to home equity, from setting up your online account to payment processing – explore the Understanding Home Lending Center to find the answers you need.
We Are a Trusted Partner
Whether you need a mortgage pre-approval[1] or help after the closing, we’re available online, on the phone or face-to-face in your neighborhood branch. Here’s what you can expect from us:
- Pre-approval Services – So you can house hunt with confidence knowing how much you can afford.
- Online Application Support - Our digital mortgage application lets you track and update your application, through every step of the approval process.
- Service After the Closing – We’re with you every step of the way. We service most of our customers’ home mortgage loans.
Applying with PNC
Mortgage Made Easy
Getting a mortgage doesn't have to be intimidating. Find out how the process works, from getting prepared to closing.
Have questions? Want to learn more?
Access Multiple Tools to Manage Your Home Lending Journey
Your home, your goals, your plan
Discover the possibilities and build the right plan for you with Home Insight® Planner
- Explore at your own pace – no need to sign in or share contact information until you're ready
- Compare interest rates, payment estimates, and product options with Scenario Builder
- Check what you can afford – run the numbers with our home lending calculators
- Find your dream home – browse active listings and save your favorites
- Start the online preliminary preapproval,[5] without impacting your credit score.[6]
Insights
Why Did My Mortgage Payment Go Up?
Discover why your mortgage payment may have increased. Understand how escrow, taxes, and rates impact your monthly payment and what steps you can take.
7 min read
Refinancing? Staying with your current lender might be the smartest move
Your current loan servicer may offer better rates, faster approvals and fewer hurdles than starting with someone new.
3 min read
When Is The Best Time To Buy A Home?
It’s less about market conditions and more about your own financial condition.
7 min read
Have Questions?
We're Here to Help
Borrower must satisfy pre-approval conditions outlined in commitment letter. Final loan approval and amount are subject to verification of loan data, property appraisal and underwriting conditions.
PNC's internal process for completing the pre-underwriting review typically takes 24 hours, while completing the underwriting review typically takes an additional 24 hours, which equates to 2 business days (when all required documentation has been provided by the client upfront).
Child support or alimony income can be used if you received it for the past 12 months and it will continue for at least three years into the loan period. However, alimony, child support, or separate maintenance income need not be included if it is not to be considered as income available to repay the loan.
PNC Mortgage pay by phone transactions are free via our automated phone service or with agent assistance.
Final loan approval and amount are subject to verification of loan data, property appraisal and underwriting conditions.
PNC will make one or more soft credit inquires during the digital online preliminary preapproval process, which will not affect your credit score. If you later submit an application, a hard credit inquiry will be made which may affect your credit score.
Digital pre-approval requires the assistance of a Mortgage Loan Officer. After the first part of the application process is complete, a PNC Mortgage Loan Officer will reach out to finish the remainder of the preapproval.
PNC, PNC HomeHQ, PNC Home Insight and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has a pending patent application directed at various features and functions of Home Insight® Planner. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
©2026 The PNC Financial Services Group, Inc. All rights reserved.
PNC Bank, National Association. Member FDIC
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