PNC Closing Cost Assistance Grant Increased to $5,000.
The PNC Closing Cost Assistance Grant can make buying a home more affordable. That’s why now, for a limited time, we’re offering the opportunity for eligible homebuyers to receive a credit up to $5,000. If you meet eligibility requirements and your home is located in a qualified community,* you can use this credit for a home purchase or limited cash-out refinance transaction to:
- Put toward a down payment
- Reduce or eliminate your closing costs
- Cover other prepaid costs, such as establishing an escrow account for property taxes and insurance renewals
To learn more and to see if this credit is available for you, connect today with a local PNC Mortgage Loan Officer.
*A PNC Mortgage Loan Officer can help determine your eligibility for this offer. To qualify, borrower’s household income must be at or below 80% of the median household income for the metropolitan statistical area (MSA) or the financed property must be located in a low- or moderate-income census tract as designated by the FFIEC and the property must be located in an eligible PNC market.
Loan applications taken on or after February 8, 2021, are eligible for a maximum of $5,000. Eligible loan applications taken prior to February 8, 2021, will remain eligible for a maximum of $1,500.
The PNC Closing Cost Assistance Grant may not exceed actual closing costs and prepaids.
The PNC Closing Cost Assistance Grant may be applied to home purchase or limited cash-out refinance transactions (purpose of refinance must be rate and term only). Other programs may be available.
PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
