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Overall lender rating
| Feature | Insider rating (out of 5) |
| Loan types | 5 |
| Affordability | 4 |
| Customer satisfaction | 4 |
| Trustworthiness | 4 |
| Total | 4.25 |
Pros and cons
| Pros | Cons |
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PNC Bank mortgage rates and fees
PNC shows customized mortgage rates on its website when you enter your zip code and desired loan amount. It shows rates for a variety of fixed-rate and adjustable-rate mortgage terms, plus FHA and VA loan rates.
Take these personalized rates with a grain of salt, though. PNC doesn't let you enter information like your credit score or down payment amount at this stage, which it will eventually use to determine your rate once you apply for preapproval.
PNC does charge some lender fees, but the exact fees vary based on where you live and how much you borrow. Its origination fee typically ranges from $675 to $1,240 — although it doesn't charge origination fees on FHA, VA, or USDA mortgages.
PNC Bank vs. Bank of America
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Types of home loans Conforming, jumbo, FHA, USDA, VA, home equity loan, HELOC, construction | Types of home loans Conforming, jumbo, FHA, VA, HELOC |
Alternative credit data No | Alternative credit data No |
| Get Started | Get Started |
PNC has more types of home loans than Bank of America, so it will be the clear choice if you need a USDA mortgage, construction loan, or home equity loan.
You might prefer Bank of America for down payment assistance. PNC has its $1,500 grant, but Bank of America has down payment and closing cost assistance that often results in even more money. Programs vary by state.
PNC Bank vs. Fairway Independent Mortgage Corporation
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Types of home loans Conforming, jumbo, FHA, USDA, VA, home equity loan, HELOC, construction | Types of home loans Conforming, jumbo, FHA, USDA, VA, reverse, renovation |
Alternative credit data No | Alternative credit data Yes |
| Get Started | Get Started |
PNC and Fairway Independent Mortgage Corporation both provide a range of home loans. You'll go to PNC for a USDA mortgage, HELOC, home equity loan, or construction loan. But Fairway has reverse mortgages and renovation loans.
Fairway is the better option if you have a low credit score, or none at all. Like most lenders, PNC checks your credit score to decide whether to approve you for a loan. But Fairway lets you apply with alternative credit data, such as proof that you pay bills on time.
How PNC Bank mortgages work
PNC provides loans in all 50 US states and Washington, DC. You can get the following types of home loans through PNC:
- Conforming
- Jumbo
- FHA
- VA
- USDA (It's hard to find information about USDA loans on the website, but PNC does offer them)
- Fixed-rate
- Adjustable-rate
- Home equity line of credit (HELOC)
- Home equity loan
- Construction loan
PNC does not offer reverse mortgages.
If you refinance, you can choose between a rate-and-term refinance or cash-out refinance. You may also streamline refinance your FHA, VA, or USDA loan.
Ask PNC about applying for the PNC Homeownership Grant. You'll receive $1,500 to use toward buying expenses such as closing costs. PNC doesn't provide much information online, but you can talk to an agent about the grant.
To speak with customer support, call Monday through Thursday from 8 a.m. to 9 p.m. ET, or Friday from 8 a.m. to 5 p.m. ET. Or call Saturday from 9 a.m. to 2 p.m. ET.
The Better Business Bureau gives PNC Bank an A+ rating. A good BBB rating signifies a company responds effectively to customer complaints, has honest advertising practices, and is transparent in how it handles business.
Despite PNC's great BBB score, the bank has had one recent public scandal. In 2019, PNC was accused of aiding a man in carrying out a fake debt relief project, which cost customers a total of $85 million. In 2014, PNC had suspected the man of running a scheme and closed his bank accounts. But nine months later, the bank let him open more accounts.
PNC Bank mortgage FAQ
PNC offers many types of mortgages, so it could be easy to find one that you qualify for. However, you'll need to have a decent credit score, because it doesn't accept alternative forms of credit like proof of paying bills on time. You should have a minimum 620 credit score for a conforming mortgage.
From the time you make an offer on a home, it typically takes around 45 days until closing. PNC will issue its final approval after the home appraisal and subsequent loan decision. After the final approval, it should take seven to 10 days to close.
PNC allows you to make mortgage payments by using online banking, setting up automated payments, mailing in your payment, visiting a branch, or paying over the phone. If you choose to pay over the phone, you'll pay a $7 fee if the payment is coming out of a non-PNC bank account.
Mortgage and refinance rates by state
Compare your PNC mortgage rate to rates in your state below:
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Washington DC
West Virginia
Wisconsin
Wyoming
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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