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PNC is good for borrowers looking for a quick preapproval and those who want the option of working with a brick-and-mortar bank.
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Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing, home equity line of credit (HELOC), home equity loan, investment property, interest-only
Min. credit score required
620 for conventional loans, 620 for jumbo loans, 620 for FHA loans, 640 for USDA loans
Nationwide availability
Available in all U.S. states
Min. down payment
3.5% for FHA loans
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NMLS: 446303
4.8
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing, home equity line of credit (HELOC), home equity loan, investment property, interest-only
Nationwide Availability
Available in all U.S. states
Min. credit score required
620 for conventional loans, 620 for jumbo loans, 620 for FHA loans, 640 for USDA loans
Available in all 50 states
Online and in-person options to apply
Application can be tracked online
Limited app functionality
PNC is good for borrowers looking for a quick preapproval and those who want the option of working with a brick-and-mortar bank.
PNC advertises daily rates on its website, but you’ll need to enter your loan amount and zip code to access them. Its lender fees might include an origination fee and other closing costs. These expenses might vary by loan type and amount and other factors, but typically range from 3 percent to 5 percent of the loan amount, according to its website. Some discounts might be available for purchase customers.
Available to borrowers in all 50 states, PNC offers a robust slate of mortgage products, including conventional and government-insured loans (FHA, VA and USDA), as well as jumbo loans for more expensive properties. The bank also provides solutions if you’re interested in tapping your home’s equity or refinancing.
PNC is not accredited by the Better Business Bureau, but it has an A+ rating from the organization. It has less favorable reviews on Trustpilot, but many of the complaints are related to personal banking, not mortgage products specifically. The bank also ranked above average in J.D. Power’s 2021 Primary Mortgage Origination Satisfaction Study, but below average in J.D. Power’s 2021 Primary Mortgage Servicer Satisfaction Study.
The process of obtaining a mortgage through PNC might look something like this: If qualified, you’ll get an online preapproval in as little as 24 hours, and a conditional approval in approximately three to five business days. When you’re ready, you can also apply for a loan online. The bank recently revamped its digital application, allowing you to seamlessly import income information using your bank credentials. Currently, the bank is averaging 41 days to close, but can accommodate shorter timelines if needed.
Unlike some other big bank lenders, PNC doesn’t offer an app for mortgage borrowers, but some of its browser-based mortgage functions can be accessed through the general banking app. You might also be able to e-sign some closing documents.
The bank’s customer service hours are Monday through Friday, 7 a.m. to 10 p.m. ET, and Saturday and Sunday, 8 a.m. to 5 p.m. ET.
PNC offers a range of refinancing options, and you can apply for a refi online or in person.
NMLS: 446303
4.4
36 ratings
This lender has 0 reviews.
86% of customers would recommend this lender.