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PNC Affordable Lending Solutions

Make the dream of homeownership a reality today. Whether you’re buying a home or refinancing, our highly-trained mortgage professionals review your personal financial situation, discuss your specific needs, and recommend sensible solutions tailored for you.

PNC Mortgage provides specialized home financing solutions that offer:

  • Low down payment options

  • Flexible down payment sources, such as gifts from others

  • Access to specialized government down payment assistance and bond programs

Affordable Lending Programs

  • Low Down Payment Options with Private Mortgage Insurance (PMI) - PMI is a special insurance policy which allows borrowers the flexibility to make down payments smaller than 20%. The premium or cost of the insurance can be paid by either the homeowner, mortgage lender, or by a home seller. Premiums can be paid as a one-time up front charge or spread over loan payments for a specified period of time. It's important to know your options and compare the solutions that best fit your personal financial situation. Learn more

  • Federal Housing Administration (FHA) Loan - Government-backed loan to accommodate low down payments and more flexible qualification criteria.

  • Veteran Affairs (VA) Loans - Guaranteed by the U.S. Department of Veterans Affairs offering special lending programs for U.S. veterans, active duty personnel, reservists, National Guard members, and in some cases, surviving spouses. In many cases, no down payment options are available.

  • PNC Community Mortgage - An exclusive program developed by PNC Mortgage to provide expanded access to buyers with non-traditional credit and limited down payment availability and does not require private mortgage insurance (PMI). This program is not available in all markets, so contact your PNC Mortgage loan officer to review program eligibility.

  • PNC Homeownership Grant - PNC Mortgage will contribute a maximum of $1,200 to be used for closing costs for qualified homebuyers financing a home purchase through PNC Mortgage. This program is not available in all markets, so contact your PNC Mortgage loan officer to review program eligibility.

  • Special Programs for Public Servants - If you’re a public servant, you may enjoy the benefits and flexibility of special programs that offer you lower down payment and qualification options. Requires home ownership education for first time and home purchase buyers.

  • Special Programs to Help Homebuyers - Depending on where you live, you may have access to additional assistance from your local or state government. Check with a PNC Mortgage loan officer to determine what is available in your area.

    • Down Payment Assistance Grants: You may qualify for special funds to be used towards your down payment or closing costs.
    • Bond Programs: Special financing options which typically offer favorable terms and generally lower interest rates.


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Other Ways to Apply

Call 1-877-508-3339

M - F: 10am - 5pm ET

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Call 1-877-762-4685

M - F: 8am - 10pm ET

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© 2016 The PNC Financial Services Group, Inc. All rights reserved. Bank deposit products and services provided by PNC Bank, National Association, Member FDIC. PNC is a registered service mark of The PNC Financial Services Group, Inc ("PNC"). PNC Mortgage is a division of PNC Bank, National Association, a subsidiary of PNC. All loans are provided by PNC Bank, National Association and are subject to credit approval and property appraisal. Terms and conditions of the offer subject to change without notice.

Investments and Insurance: Not FDIC Insured. No Bank or Federal Government Guarantee. May Lose Value.