PNC offers day rate locks. More from NerdWallet. Get preapproved for your mortgage. Find out how much house you can afford. How to find the best mortgage lender. Our Take 4. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.
Jump to: Full Review. Credit Score. Loan Types and Products. Has an online application for mortgage preapproval and a digital tool to track application progress. Cons Can't complete a full mortgage application online. Doesn't offer renovation mortgages. In-person service is not available in every state. Compare to Other Lenders. Learn More. Credit Score 62 0. Sign up now. PNC Bank mortgages at a glance. PNC Bank loan types and products. PNC Bank online convenience. PNC Bank mortgage rates and fees.
PNC Bank mortgage rate transparency. Aside from credit score requirements, PNC mortgages are not especially hard to qualify for. PNC offers digital pre-approval for mortgages. Digital pre-approval is typically faster than traditional pre-approval methods, though PNC does not say how long it takes to approve loan customers on average.
PNC Mortgage has a very good online presence. Its Home Insight planner and tracker are first-class and can be genuinely useful tools. That goes for all borrowers, but especially first-time homebuyers who will appreciate a little bit of extra guidance along the way. It should be simple for you to set up a face-to-face meeting with a specialist advisor. Borrowers in the gray-colored states above will have to apply for a PNC mortgage online or over the phone.
The same goes for any lender. Get started by comparing rates and closing costs from at least three reputable mortgage lenders to find the best deal for you.
How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0. Talk to a Lender: Minimum credit score Best Features Competitive rates and fees Online tools are better than most, especially the Home Insight planner and application tracker Strong branch network on the eastern side of the country. Drawbacks Mid-range customer service scores compared to other lenders Likely need to apply for a loan estimate to see all offer details.
Overview PNC is a large bank and mortgage lender with a history going back years. Jump To Section Is PNC the best mortgage lender for you?
Is PNC good for mortgages? What does PNC mortgage stand for? Is it easy to get a loan from PNC Bank? How long does it take to get approved for a PNC loan? Compare to These Lenders. Citi Mortgage gives mortgage fee discounts to its banking customers, not just those who are affluent you must set up an automatic monthly payment from a Citi account. The financial benefits grow along with your total balance deposit, IRA, and investment accounts are eligible. The documents required for a mortgage from PNC are similar to what you need at most banks.
You provide basic information about who you are and where you work or what your other sources of income are. You're asked for recent tax returns, pay stubs, and financial account statements, as well as other information relevant to your situation. PNC provides a mortgage application checklist to help you. Some loans have a higher credit score requirement. The best mortgage rates at PNC require a score of at least If your DTI is higher, don't give up.
Many mortgage loan programs allow a higher DTI. The higher your credit score and the more cash you have for a down payment, the more flexible the lender can be with your DTI ratio. You can expect PNC's mortgage refinance rates to be very competitive, since it's one of the biggest mortgage lenders in the nation. PNC's refinance rates, like those of many other lenders, are a little higher than purchase loan rates.
PNC Bank's mortgage rates trend about the same as the national average. Keep in mind that to get the best advertised mortgage rate, you'll need a good or excellent credit score. You'll also need to meet the lender's other requirements. And you may need to pay for mortgage discount points.
Not everyone will get the lowest rate. You're low on cash for the down payment or you are a low- or moderate-income earner. The special mortgage programs offer a wide variety of options to fit many home buyers' needs. In particular, the low down payment mortgage with no PMI could be a long-term money saver.
You're a medical professional. It's available for eligible medical interns, residents, fellows, and doctors who have completed a residency in the last five years. PMI is a monthly cost that can add up significantly over time, so avoiding it is a boon no matter your income or the size of your loan.
You're a first-time home buyer or repeat buyer who still feels a little flummoxed by the process. The well-designed educational tools could help you gain the knowledge you need.
PNC Bank is a solid national lender that offers competitive rates and terms. Also, PNC offers a few nice perks like digital pre-approval with a firm commitment to lend for all applicants, and cash grants and low down payment options for eligible borrowers. PNC offers low costs and borrower-friendly terms on its refinance loans as well as purchase loans. The lender will also look at your current debt, the amount of your down payment, and the amount of cash you have on hand to determine which loan program is right for you.
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