PNC Bank PNC Grant

What is PNC Bank PNC Grant?

PNC Bank PNC Grant is a grant for homebuyers in Statewide, California.

• Tiered lender grant: Low Income $2,500; LMI $3,000-$5,000; PNC Grant $5,000-$15,000. No repayment.
• PNC Grant tier provides $5,000 to $15,000 toward down payment, closing costs, or escrow setup for borrowers in eligible LMI census tracts or with income at or below 80% AMI.
• Funding comes from PNC Bank.

Do you have to pay it back?

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

What are the income limits?

PNC Bank PNC Grant sets its income limit as follows: At or below 80% area median income; or property in low/moderate income census tract.

• At or below 80% area median income; or property in low/moderate income census tract.
• 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 PNC Grant can be used for Single-family, Condo, Townhouse.

Where does it apply?

PNC Bank PNC Grant serves buyers purchasing in Statewide, California.

• The program targets specific areas: Low/moderate income census tracts qualify regardless of borrower income.

How do you apply?

Applications for PNC Bank PNC 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.