PNC Bank Low to Moderate Income Borrower Grant

What is PNC Bank Low to Moderate Income Borrower Grant?

PNC Bank Low to Moderate Income Borrower Grant is a grant for homebuyers in Statewide, California.

• $3,000 lender grant. No repayment. Combines with PNC mortgage products.
• Up to $3,000 grant for down payment, closing costs, or escrow setup. Available where qualifying income is at or below 80% AMI.
• Funding comes from PNC Bank.

Do you have to pay it back?

PNC Bank Low to Moderate Income Borrower Grant is structured as a grant, so it is not repaid.

• Repayment is triggered by none (grant).
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

PNC Bank Low to Moderate Income Borrower Grant is open to buyers who will live in the home as their primary residence.

What are the income limits?

PNC Bank Low to Moderate Income Borrower Grant sets its income limit as follows: At or below 80% area median income.

• At or below 80% area median income.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

PNC Bank Low to Moderate Income Borrower Grant can be used for Single-family, Condo, Townhouse.

Where does it apply?

PNC Bank Low to Moderate Income Borrower Grant serves buyers purchasing in Statewide, California.

How do you apply?

Applications for PNC Bank Low to Moderate Income Borrower Grant go through the administering agency.

1. 1

   Take a homebuyer education course

   Required by the program, through Required - HUD-approved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.