If you’re looking to refinance a loan over $424,100, you’ll most likely need a special type of mortgage. With a jumbo loan from PNC, you can finance up to $5 million.
Key Features and Benefits
- Standard fixed or adjustable rate terms
- Interest only, home purchase and cash-out options also available.
- Fixed loan terms between 10 and 30 years
- Finance between $424,100 and $5 million
- One-year adjustable rate terms with periods of 5, 7 and 10 years where the rate remains unchanged, after which the rate may increase or decrease each year based on market conditions*
- Can be used for primary or second home purchases
*Rate may increase after settlement.