PNC mortgage rates and fees being lower than the industry average was validated using 2022 and 2023 Federal HMDA data. Data assumptions include: both purchase and refinance funded home loans for all unit types where the transaction was a first lien across all product types and for all loan amounts. Data assumptions excluded: all home equity, reverse mortgage and balloon payment transactions. National average interest rates for 2022 were 4.65%, while PNC’s average was 4.10%. National average origination charges were $3,369, while PNC’s average was $2,251. National average interest rates for 2023 were 6.61%, while PNC’s average was 6.44%. National average origination fees were $3,965, while PNC's average was $2,232.
Best Mortgage Lender 2023
Our flexible financing options and dedicated support make for award-winning home lending.
We’re committed to supporting your entire homeownership journey, throughout the life of your loan and beyond.
Our user-friendly and high-tech digital banking experience help set us apart as a top 5 largest bank and a top 10 home lending originator.
Proud to Be Recognized Nationally
September 2023
What Makes Us Different
Proven performance by delivering lower mortgage rates and lower origination fees in back to back years (compared to the industry avg.)[1]
- Lower average mortgage interest rates.
- Lower average mortgage originations fees.
- When comparing PNC mortgage rates and origination fees to the national industry average.
We feature a wide range of standard and specialty home lending products, along with down payment assistance solutions, that can help make the American Dream of home ownership more easily attainable.
- Home Buying, Refinancing, and Home Equity options.
- Standard products: Conventional and Jumbo loans (with fixed and adjustable rate terms), Choice Home Equity Line of Credit (with fixed and variable rate line options).[2]
- Specialty products:[3] Construction-to-permanent, Renovation-to-permanent and Lot (land) loans, along with customized lending solutions for both Medical Professionals and PNC Private Banking clients.
- Low-down-payment products:[4] 0% down (VA and USDA), 3% down (PNC Community Loan and 5 different Fannie/Freddie products), 3.5% down for credit scores as low as 600 (FHA).
- Down Payment Assistance (DPA): PNC Grant programs that may be combined to offer up to $12,500[5] in down payment or closing costs funds along with other state-specific DPA programs.
- Relationship discounts for PNC clients: like our .25% rate discount[6] for PNC CHELOC clients who set up and maintain automated payments from a qualifying PNC checking account.
Explore PNC Mortgage Offerings
Refinance Mortgages:
From our self-serve online tools and educational resources, to our high-tech user-friendly digital apply platform, we offer a simplified digital experience that makes home lending easier to understand and navigate.
- Easy-to-use[7] digital tools: customizable Mortgage Rate Check tool for exploring today's products and rates, Mortgage Calculators for researching the costs and benefits of home lending, Home Insight Planner® Dashboard for building and comparing personalized loan options
- High-tech user-friendly digital apply platform: featuring advanced technology[8] that can reduce manual paperwork (VOI/VOA), help save time and energy (e-upload, e-sign, e-close) and help you manage and keep up-to-date on the status of your application
Designed to deliver speed and ease throughout the home lending experience, so that you can close on-schedule and at the fast speed you may need.
- Quick-and-easy prequalification: Check your buying power online in less than 30 minutes,[9] with no impact to your credit score.[10]
- High-speed preapprovals: Receive a fully verified preapproval letter in just 2 day[11] backed by a PNC Underwriter.
- Lightning-Fast closing speeds when needed: Built with the ability to close in as little as 21 days on eligible[12] home buying purchase products.
- With a personal dedication to closing your home loan on-schedule.[13]
We seek to build lifelong relationships supporting your long-term financial wellness. Your dedicated PNC MLO will be there for you long after closing, offering support and guidance to help you achieve all your future home lending goals.
- By delivering an exceptional home lending experience: Where 9 out of 10 PNC mortgage clients said they would recommend their PNC MLO to friends, family or colleagues.[14]
- By providing continued personalized support: At PNC, you don’t have to worry about your mortgage loan being sold off after closing.[15] That means you PNC MLO will be there for any support you may need, and for any future home lending goal you might have.
- By continuing to offer support long after you close on your first home loan: Your dedicated MLO will be there to help you take the next step in your home lending journey (from refinancing to home equity and for your future home buying needs), along with being able to connect you with the right internal partners needed to help you achieve any of your other personal financial, business and investment goals.
Explore & Find Your Path
Learn about your mortgage options and take your first step to home ownership.
Tools to Help You Decide
If you prefer to explore options on your own:
Mortgage Calculators
Mortgage Calculators to decide how much house you can afford, calculate mortgage payments, learn what to expect for closing costs and more.
Customizable Rate Tool
Customizable Rate Tool to explore our rates, fees and payment options. You can customize by size, down payment, credit score and zip code.
First-Time Homebuyer Guide
Explore what you’ll need to know when considering your first home purchase.
Specialized Grants & Affordability Programs
Check out what we offer to help make mortgage and home equity affordable.
Apply Online
When you’re ready, start an application at your convenience.