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PNC HELOC review

The only home equity choice comes with customizable rate options.

PNC only allows you to tap into your home’s equity using a line of credit (HELOC). But the product is called the Choice HELOC because you can choose an adjustable rate credit line or lock in a fixed interest rate, and you can switch between both whenever you’d like throughout your HELOC’s draw period, as long as you pay a transfer fee.


Loan products offeredHELOC
Repayment terms5 to 30 years
Loan limits$5,000 minimum up to 84.9% of the home’s value
State availabilityAvailable in all states

Pros and cons of PNC


  • Autopay discount. Get a .25% discount for setting up autopay from your PNC checking account.
  • Flexible rate options. Choose between a variable or fixed rate throughout your draw period, locking or unlocking the rate as it fluctuates for a $100 transfer fee.


  • Only one choice. PNC doesn’t offer home equity loans or other home equity products, such as a reverse mortgage option.
  • Not transparent about fees. This lender doesn’t list its HELOC closing costs online, so you may not know the fees involved until after you’ve applied.

What types of fees does PNC charge?

PNC doesn’t list any closing costs associated with opening a HELOC or the fees charged, other than the $100 transfer fee whenever you switch between a fixed or adjustable rate on your credit line. So, check with your loan officer to learn what fees you might be responsible for before finalizing your HELOC.

PNC requirements

PNC uses your credit score and income information to determine the terms of your loan but doesn’t detail the exact underwriting requirements online. Borrow up to 84.9% of your home’s value, depending on your equity.


Have the following information ready before you apply:

  • Social Security number
  • Date of birth
  • Home address
  • Appraised value of your home
  • Two years of W-2s
  • Pay stubs
  • Bank statements
  • Information on additional properties you may own

How to apply for a home equity loan with PNC

Apply over the phone with a PNC loan officer or online using the steps below.

  1. Visit the PNC home equity page, scroll down to Take the Next Steps and select Check Rates & Apply.
  2. Answer questions about the line of credit you want and select Continue.
  3. Select one of the payment options shown, or choose Expand to customize the terms of your HELOC. Hit Apply Now.
  4. Select Continue and answer questions about the purpose of your HELOC.
  5. Provide information about you, your home, income and demographics.
  6. Review your information and submit your application.

What types of home equity products does PNC offer?

PNC only offers a HELOC for home equity. So, if you’re looking for a home equity loan or reverse mortgage, you’ll need to shop around for another lender.

Other mortgage products offered by PNC

PNC offers various mortgage products, including the following:

  • Conventional loans
  • Jumbo loans
  • Government-backed loans, such as FHA, VA and USDA
  • Medical professional loan
  • Community loan with low down payment and no private mortgage insurance

How PNC’s home equity products compare to other lenders

PNC’s HELOC offers many customizable options, but it is the only home equity product offered. Many lenders offer home equity loans or reverse mortgages that allow you to take advantage of your home’s equity without having to use a revolving credit line.

Compare HELOC lenders

Compare these lenders and lender marketplaces by the type of home equity product you’re searching for, state availability and minimum credit score. Select See rates to provide the company with basic property and financial details for personalized rates.

Name Product Loan products offered State availability Min. credit score
(NMLS #1717824)
Not available in: DE, HI, KY, MD, NY, SC, TX, UT, WV
Speedy prequalification, minimal fees and a wide range of loans and terms with this HELOC lender.
(NMLS #1136)
HELOC, Home Equity loans
Available in all states
Connect with vetted lenders quickly through this free online marketplace.
Hometap Equity Partners
Hometap Equity Partners
Home equity investment
Only available in: AZ, CA, FL, MA, MD, MI, MN, NC, NJ, NY, OR, PA, VA, WA
Sell a portion of your home's equity for cash without monthly payments or hurting your credit score.

Compare up to 4 providers

PNC reviews and complaints

PNC is not accredited by the Better Business Bureau (BBB), but as of August 2021, it has an A+ rating for answering over 1,650 customer complaints over the last three years. With 149 customer reviews, PNC scores 1.17 out of 5 stars. The lender scores slightly higher on Trustpilot, where it earned a TrustScore of 2.1 out of 5 stars with 69 reviews.

Our verdict

If you’re interested in a HELOC, PNC can be a great choice, especially for existing banking customers who can get a discount on their interest rates for allowing automatic payments. But if you’d rather take out a loan against your home’s equity, you’ll need to search elsewhere.

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