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Learn to apply easily for the PNC Bank Mortgage
If you are in the market for a mortgage, you'd better understand how to apply for one that covers your needs. The PNC Bank Mortgage is a handy option if you have a low or moderate income. Keep reading to learn how to apply!
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PNC Bank Mortgage: You can apply online or in person. It’s your call!
Securing a mortgage is one of the most important steps when you are in the market for a new home. Here you’ll learn how to apply for PNC Bank Mortgage online.
They make the application process quick and easy, so you can focus on finding your dream home. Keep reading to understand more!
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Online application
The PNC Bank has branches available in most states of the U.S., So the application in-person is not possible everywhere nationwide.
On the other hand, you can apply online at any place, and customer service can be done on the phone.
With a quick online application, you can get started searching for your perfect home with pre-approval.
The lender will ask for basic information like your social security number, house location, how much you have as a down payment, and how much you are willing to borrow with them.
Also, you’ll authorize the lender to check your credit score and inform them about your income and assets.
Then they will check the information you provided electronically. You’ll be asked to apply in person if they can’t access or understand the documents required.
In the meantime, you can check out the preapproval of your mortgage and understand the possible rates and terms.
Once you start your application, you can create an account and track your loan process.
Requirements
To apply for a loan with PNC Bank Mortgage, you should meet certain criteria:
- Have a good credit score (at least 620 FICO score);
- Minimum down payment of 3%;
- Have proof of income and/or assets;
- Be a U.S citizen or an authorized resident;
- Be at least 18 years old;
- Have a valid Social Security number.
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Apply using the app
The PNC Bank app is not focused on mortgages. However, you can find some functions that work to track your mortgage.
PNC Bank Mortgage vs. SoFi Mortgage: which one is the best?
If you are looking for a mortgage with more affordable options for low-income and moderate-income borrowers, you should go with PNC Bank.
On the contrary, if you have more money to spend on your house and are thinking about putting more than $100,000 into your property, the SoFi loan is better for you.
PNC Bank Mortgage | SoFi Mortgage | |
Credit Score | 620 or higher. | Conventional: 620; Jumbo: 700. |
Loans Offered | Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA. | Purchase, Refinance, Fixed, Adjustable, Jumbo, Home equity. |
Minimum Down Payment | 3%. | The minimum down payment is 3%. |
APR | The APR varies according to the loan amount and terms. | The APR differs depending on the term and is updated daily on the SoFi mortgage website. |
Terms | Up to 30 years. | 10, 15, 20, or 30 years. |
If you like the SoFi mortgage and want to understand how to apply online and what you’ll need. Find out more about it below.
How to apply for SoFi Mortgage
Do you want to apply for a mortgage with SoFi mortgage? Read on to a complete guideline that covers all you need to know.
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