Home Mortgage Loans

1. Offer valid in: AL, KS, MN, MO, NM, OK, VA, or WI. 
2. To be considered eligible for the offer, you are required to apply and obtain a pre-approval for an eligible purchase mortgage transaction from us before signing a purchase contract for the subject property. Preapprovals must be obtained during the period of 05/08/2025 through 06/30/2025. Additionally, customers must submit their subsequent mortgage application by 07/31/2025.
3. Your preapproval request may be initiated through our online site visiting pnc.com or by calling the PNC Care Center. Preapprovals require the assistance of a Mortgage Loan Officer. After completion of the initial online preapproval request, a PNC Mortgage Loan Officer will reach out to assist you in submitting your preapproval request to underwriting.
4. The PNC Closing Date Guarantee amount ($2,500) will be sent in the form of a check within 30 days of the date you close your mortgage loan with PNC Bank. Only one PNC Closing Date Guarantee amount will be paid per loan transaction regardless of the number of applicants or delays. PNC Closing Date Guarantee may be considered miscellaneous income and may be reportable for tax purposes to you and the IRS.
5. PNC Preapprovals expire after 90 days.
6. The issuance of a preapproval letter is not a loan commitment or a guarantee for loan approval. 
7. This Guarantee offer is not a loan approval or loan commitment, does not obligate PNC to close your loan, and does not guarantee any loan product or other loan terms. Your loan is subject to an approval given in accordance with our underwriting policies and any loan conditions being satisfied before the loan closes.  
8. PNC Bank reserves the right to amend or terminate its PNC Closing Date Guarantee offer at any time, with or without notice; however, a borrower remains eligible to receive the terms and conditions of the PNC Closing Date Guarantee available on the date that PNC has received a Complete Application Package.
9. PNC Closing Date Guarantee is subject to all applicable state laws.

PNC's Closing Date Guarantee eligible transactions:

1. First lien purchase loans only.
2. Conventional & Portfolio Loans only (not Government Loans such as FHA, VA, USDA).
3. Loan amounts below 2 million.
4. 1 - 4-unit properties.

PNC Closing Date Guarantee is not available to borrowers who pursue the following transactions:

1. Refinance loan transactions
2. Government Loans such as: Federal Housing Administration loans (FHA), Veteran Affairs loans (VA), or U.S. Department of Agriculture loans (USDA)
3. New Construction, Construction-to-perm, Renovation-to-perm, or Lot loans
4. Bank-owned properties
5. Properties being purchased through a "short sale" transaction.
6. Consolidation, Extension and Modification Agreements (CEMAs), Cooperative projects (Co-ops), or Manufactured homes
7. Rehab loans
8. Wealth management loans, PNC employee loans, or Relocation company loans.
9. Non-arm’s-length transactions in which there is a relationship or business affiliation between the seller and buyer of the property or any interested party in the transaction
10. Loans involving a grant or down payment assistance from a party other than PNC or a simultaneous second lien transaction (combo loans)
11. Mail away closings
12. Condominiums
13. Leasehold Estates

The following circumstances may invalidate PNC's Closing Date Guarantee offer:

1. Any of the deadlines specified in the Closing Date Guarantee Agreement or elsewhere are not met.
2. Changes made to the original closing date, as documented in the purchase contract.
3. Changes made to borrower(s)’ profile from the time of application that impact income, income source, available assets, employment, debt, or additional information used to issue initial eligibility to qualify for the loan.
4. Changes to the purchase contract terms within 10 calendar days of closing date, including, without limitation, changes that impact the sales price, loan amount, product type, interest rate, or initial rate lock.
5. Information provided by the borrower on the loan application is incomplete or inaccurate or cannot be verified.
6. Loan did not close and fund (loan applications that are withdrawn, cancelled, or denied)
7. Delays caused by third parties selected by borrower such as: Title or Escrow company, Homeowners insurance, Homeowner association, Home inspection companies, etc.  
8. Appraisal delays outside PNC’s control such as: 
   1. Appraisal inspection is scheduled within 10 business days before closing due to borrower, seller, or agents’ request.
   2. Unable to access the property on the scheduled appraisal date.
   3. Appraisal dispute initiated by borrower or seller.
   4. Forced majeure events (including weather or natural disaster).
   5. Appraisal hold requested by borrower, seller, or agents.
   6. Property determined by the appraisal management company as complex or atypical.
9. Delays occur as a result of improvements or repairs being made to the subject property. 
10. Catastrophic events beyond PNC’s control that delay the closing date, including, but not limited to natural disasters, terrorist acts, war, civil unrest, emergency government, military actions, interruptions of computer facilities or labor difficulties.