PNC Bank Mortgage Rates and Review(s)

August 30, 2010 No Comments »

PNC Bank, based out of Pennsylvania, is one of the largest banks in the US with roughly 1,157 offices throughout the country.

They offer a wide range of mortgage, home loan and refinancing products to consumers with APR’s that are generally below the national averages.

They have fixed rate mortgages with 10, 15, 20 and 30 year terms as well as adjustable rate mortgages (ARMs), FHA loans, interest only mortgages, VA loans and jumbo mortgages.

 

Mortgage Rates offered through PNC Bank:

(Rates accurate as of 8/27/2010. Visit their mortgage center here for updated rates or visit our mortgage center to compare PNC Bank’s mortgage rates with hundreds of offers both locally and nationally.)

Fixed Rate Mortgages:

- 10 year fixed rate mortgage going for between 3.912% APR and 4.024% APR depending on credit history.

- 15 year fixed rate mortgage going for between 3.992% APR and 4.306% APR depending on credit history.

- 20 year fixed rate mortgage going for between 4.430% APR and 4.808% APR depending on credit history.

- 30 year fixed rate mortgage going for between 4.453% APR and 4.815% APR depending on credit history.

Interest Only Mortgages from PNC Bank:

- 3/1 interest only ARM going for between 3.306% APR and 4.368% APR depending on credit history.

- 5/1 interest only ARM going for between 3.351% APR and 4.514% APR depending on credit history.

- 7/1 interest only ARM going for between 3.484% APR and 3.756% APR depending on credit history.

- 10/1 interest only ARM going for between 3.981% APR and 4.489% APR depending on credit history.

Adjustable Rate Loans – PNC Bank:

- 7/1 ARM going for between 3.420% APR and 3.737% APR depending on credit history.

- 10/1 ARM going for between 3.930% APR and 4.448% APR depending on credit history.

FHA Mortgages – PNC Bank:

Contact PNC for current rates. Benefits include:

  • Higher maximum loan amounts
  • Flexible credit and income requirements
  • Ability to borrow up to 95% the value of your home

Jumbo Mortgages from PNC are offered to those looking for a loan greater than $417,000.

PNC Bank Mortgage Complaints and Rating:

Whenever we gather complaints regarding a specific mortgage lender, we always stress that these should be taken with a grain of salt as those with bad experiences are considerably more likely to leave, sometimes multiple, negative reviews on the web.

PNC Bank has no rating on the BBB (Better Business Bureau) with zero registered complaints, however, if you stop by the “Complaints Board” (use this link) you’ll see there are a number of disgruntled customers. Again, keep in mind reviews on the web are largely anonymous and can be written be anyone (including a PNC Bank employee, or several reviews written by one unhappy customer).

Read our reader reviews below.

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