Once you have completed the Broker Application Process
and have received confirmation of your approval as a PNC Bank Home
Equity Partners Mortgage Broker you may begin to offer your client the following
PNC Home Equity Loan Products.
Each of the products listed may be used in the following scenarios
unless noted: Piggyback
– Lien position must be 2nd.
Purchase Money Second – Lien position must be 2nd
Standalone - Lien position may be 1st, 2nd
or 3rd (if behind PNC 2nd). |
Fixed Rate Loan
| Loan Amount | $10,000 to $1,000,000 Investment Property loan amounts are capped at $250,000 if not in a 1st lien position |
| CLTV | Capped at 100% Investment Property and loan amounts between $500,000 and $1,000,000 are capped at 90% |
| Terms | 5 to 30 years |
| Collateral | Single Family Dwelling, 1- 4 Unit Family Dwelling Townhouses, Condominiums, Investment Property, Second Homes |
| Rate Type | Fixed Rate |
HELOC - Home Equity Line of Credit (I/O & P&I)
| Loan Amount | $10,000 to $1,000,000 Investment Property loan amounts are capped at $250,000 if not in a 1st lien position |
| CLTV | Capped at 100% Investment Property and loan amounts between $500,000 and $1,000,000 are capped at 90% |
| Terms | Open Ended with a 10 year draw period |
| Collateral | Single Family Dwelling, 1- 4 Unit Family
Dwelling Townhouses, Condominiums, Investment Property, Second Homes |
| Rate Type | Variable Rate |
15/30 Balloon
| Loan Amount | $10,000 to $1,000,000 Investment Property loan amounts are capped at $250,000 if not in a 1st lien position |
| CLTV | Capped at 100% Investment Property and loan amounts between $500,000 and $1,000,000 are capped at 90% |
| Terms | 15/30 years (The 180th payment is the balloon) |
| Collateral | Single Family Dwelling, 1- 4
Unit Family Dwelling Townhouses, Condominiums, Investment Property, Second Homes |
| Rate Type | Fixed Rate |
| Privacy Policy | Terms and Conditions | PNC Bank Home Equity Partners |