Refinancing at a longer repayment term may lower your mortgage payment, but may also increase the total interest paid over the life of the loan. Refinancing at a shorter repayment term may increase your mortgage payment, but may lower the total interest paid over the life of the loan. Contact us to discuss the option that best meets your needs.
Home Mortgage Loans
Financing your home
with PNC
Get a head start with a Preliminary Pre-approval
A PNC Preliminary Pre-approval offers an estimate of the maximum home price you may be able to afford. You can start your online preliminary pre-approval today to check your home buying power without impacting your credit score.
Not Ready to Apply?
Are you just beginning your home financing journey?
Best Mortgage Lender, 2024 by Nerdwallet
January 2024
PNC is proud to be recognized as the 2024 Best Mortgage Lender by NerdWallet in multiple categories:
- First-Time Home Buyers
- FHA Loans
- Jumbo Loans
- Cash-Out Refinancing
- Home Equity Lines of Credit
Estimate Your Rate
Use Home Insight® Planner to access multiple tools to manage your mortgage journey.
An innovative self-serve digital tool that provides a one-stop-shop for all your upfront home buying needs:
- Customize and compare multiple home loan products - save the ones you like the best.
- Search active home listings – find your dream home.
- View and update your estimated credit score – providing more accurate information improves the overall experience.
- Access our home lending calculators and other educational resources – take the time to do your own research.
- Connect with a PNC Mortgage Loan Officer – get the professional hands-on support that you deserve.
- Start an online preliminary preapproval without impacting your credit score.
Mortgage Calculators
Comparing loan options? Just looking for how much you can borrow? Use our home lending calculators to understand your refinancing options and help you decide.
The PNC Mortgage Loan Process
PNC Bank provides ongoing support for homebuyers throughout the mortgage loan process.
Step 1. Get a Preliminary Pre-Approval
A preliminary pre-approval can help inform your budget by providing an estimate of the maximum home price you may be able to afford. With PNC's preliminary pre-approval, you can check your home buying power online without impacting your credit score.
Step 2. Find Your New Home
Work with a licensed real estate agent to find the right home and get the seller to accept your offer.
Step 3. Complete the Home Loan Application
Once the home is under contract, you can submit financial documents to complete the mortgage application.
Step 4. Work with Your PNC Loan Officer
The loan officer will review the application, request additional documentation as needed, and draft the loan docs for your signature.
Step 5. Get the Funding to Close on Your New Home
With the loan docs signed, the funds are made available so you are “clear to close” on the new home.
Home Mortgage Loan Resources
We can help increase your purchasing power
For first-time buyers, military service members, medical professionals and modest-income households, we have down payment and closing cost assistance programs to help you make the most of your budget.
Learn the basics of homebuying with our guide.
As exciting as buying a home can be, it can also feel overwhelming if it’s your first time. We provide additional support for first-time homebuyers with useful tools and guidance.
- First-Time Homebuyer Guide - this comprehensive overview gives valuable insight into each step of the homebuying process, from start to finish.
- Affordability Calculator – estimate how much you can afford to spend on a new home.
- Down payment and Closing Cost Assistance Programs – learn your options that can help make home lending more affordable.
Fixed-Rate Mortgages
A fixed rate allows you to “lock in” the interest rate for the full term of the loan. Because the interest rate doesn’t change, you make the same payment each month until the loan is repaid. If rates go down in the future, you could refinance to lock in a new, lower rate.
Adjustable-Rate Mortgages (ARMs)
An adjustable rate will increase and decrease throughout the life of your loan, depending on market conditions. There’s an introductory period with a fixed rate, after which your rate will automatically decrease when market rates fall and automatically increase when market rates rise.
Explore Adjustable Rate Mortgages
Jumbo Loans
These loans exceed the loan maximum amounts set by Fannie Mae, Freddie mac and the Federal Housing Agency. Exceeding the maximum amount means these agencies can’t buy the loans from the originator on the secondary mortgage market.
FHA Loans
These loans are government-backed, which means they have more flexible qualification criteria than conventional loans. There are fixed- and adjustable-rate options.
VA Loans
These loans are exclusively available to military service members, veterans and their spouses for purchasing a primary residence. They’re backed by the Department of Veterans Affairs, allowing those who serve our country access to favorable home loan terms like competitive interest rates and down payments as low as 0% for well-qualified buyers.
USDA Loans
These loans are available for low-to-moderate-income buyers in rural areas, backed by the U.S. Department of Agriculture. They’re intended to promote homebuying in less-populated areas by offering low downpayment options on qualifying properties.
Medical Professional Loans
These loans are for the unique financial needs of medical professionals and are available to interns, residents, and doctors who have completed residency in the last five years. They offer up to $1.5 million in home financing and allow gift funds to be used as part of a down payment. There’s also no private mortgage insurance required for buyers with a down payment less than 20%.
Mortgage Insights Articles
What is Earnest Money and How Much Should You Expect to Pay?
Earnest money is often used in real estate transactions to demonstrate a commitment from the buyer to the seller.
7 min read
How to Sell a House by Owner
Discover how to effectively sell a house by owner in our detailed guide. From setting the right price to managing paperwork, we cover it all for FSBO success.
8 min read
FHA vs. Conventional Loan: What Homebuyers Should Know
Learn more about FHA vs conventional loans. Discover the key differences, benefits, and drawbacks to make an informed decision for your home purchase.
5 min read
Other Home Lending Options from PNC
Have Questions?
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Rate may increase after settlement.
Important Notice to Servicemembers and Their Dependents. If you are currently eligible for benefits provided by Servicemembers Civil Relief Act (SCRA), refinancing current debt may not be beneficial.
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