Combination Loan

Buy a home with as little as 10.1% down & enjoy lower monthly costs.

1st and 2nd combination mortgages can eliminate the need for private mortgage insurance and provide flexibility in your home financing

Ready to Apply?

Provide preliminary information to start the pre-approval or loan process.


Let's Talk

Discuss your options with a mortgage loan officer.


We're a Trusted Partner

You can feel confident choosing us as your financial partner for this important milestone in your life.

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 — Home Insight® Tracker 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.

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 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 3% - 5% of the loan amount.

Home Insight® Planner

Set your budget. Search for homes. See real time rates.

  • Create a household profile to generate home affordability scenarios
  • View finances and adjust categorized expenses to find payment budget
  • Connect budgets, rates, products, and homes to understand what you can afford
  • Search for homes within your budget
  • Save homes you want as part of your home summary

Try Out PlannerLearn More

Combination Loan FAQs

Top customer questions about combination loans.

What is the difference between a Fixed Rate Mortgage and an Adjustable Rate Mortgage?

Fixed rate mortgages have a locked interest rate that will remain the same for the life of the loan. The interest rate on an Adjustable Rate Mortgage will change on an annual basis after the predetermined initial interest rate period expires.

Ready to Apply? Let's Talk

Discuss your preferences, learn more about your loan options, and see if you are pre-qualified.

Online:

Provide some preliminary information to begin the pre-approval or loan process today!

Get Started Online

With a Loan Officer:

We are available at branches nationwide to discuss your preferences, learn about your loan options, and see if you're pre-qualified.

Find a Loan Officer

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?

Important Legal Disclosures and Information

  1. Pre-approvals are subject to property underwriting and appraisal. Borrower must satisfy pre-approval conditions outlined in commitment letter. Loan amount subject to property appraisal.

  2. PNC Mortgage pay by phone transactions are free via our automated phone service or $7 with agent assistance, unless payments are made from PNC Bank accounts or as otherwise restriced by state law.

For Adjustable Rate Mortgages loans ("ARMs"), rates may increase after settlement.

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, PNC HomeHQ, PNC Home Insight, and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has pending patent applications directed at various features and functions of Home Insight Planner and Home Insight Tracker. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.

©2021 The PNC Financial Services Group, Inc. All rights reserved. PNC Bank, National Association.

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