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Best Home Equity Lenders of April 2022 – Forbes Advisor

PNC Bank operates in all 50 states and offers a wide range of mortgage products, including specialty loans for low- and middle-income borrowers.

PNC also offers an innovative online experience called Home Insight, which provides a deep dive into the home buying process, allowing customers to determine the mortgage payment they can afford and start buying homes with real-time quotes and loan products. It also allows customers who have applied for a loan to follow the approval process and upload supporting documents. Additionally, the client can invite real estate agents into the process to monitor progress.

Home Insight combines a home affordability analysis, a monthly payment estimator that factors in insurance and taxes, and the ability to search available real estate listings. It also links unique budgets, real-time rates, and loan products to a real estate listing search to help potential buyers better understand how much home they can afford.

PNC also offers a comprehensive digital pre-approval application, where borrowers can apply online and receive approval in minutes.

Available in all 50 states

PNC has branches for more comfortable borrowers with physical experience in the following states: Alabama, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Wisconsin.

How to register

Borrowers can apply online or in person at a bank. Phone customer support is available Monday through Thursday from 8 a.m. to 9 p.m. ET, Friday from 8 a.m. to 5 p.m. ET, and Saturday from 9 a.m. to 2 p.m. ET.

Speed

Pre-approval takes between 20 and 30 minutes. The average closing time is 45 days, which is in line with the industry average. In some cases, the close can be as short as 30 days.

Credit requirements
Borrowers must have a minimum credit score of 620. For jumbo loans, the minimum credit score is 700.

Types of loans offered

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