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Statewide programGrant

PNC Bank Home Loan Grant

PNC Bank Home Loan Grant is a grant for homebuyers in Maryland, administered by PNC Bank, N.A.

Last verified Source: PNC Bank, N.A.
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The program asks for

  • The home is occupied as a primary residence
  • Lender-specific (PNC mortgage). Property must be in LMI tract within PNC CRA assessment area; max amount varies by location.
  • A home in Maryland

It doesn’t cover

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

80% of the area median income where the home is

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

Income limits in Maryland

Where it applies

Maryland’s homes

  • 51.2% single-family
  • 21.3% townhouse
  • 3.6% 2–4 units
  • 22.6% 5+ units
  • 1.3% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$419,900

Maryland median home value

51.2%

built before 1980

U.S. Census Bureau, ACS 2024 5-year.

How to apply

  1. Contact PNC Bank, N.A. to reserve funds

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

  2. 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 homebuyer can take it to a lender or housing counselor.

Questions about this program

What is PNC Bank Home Loan Grant?

PNC Bank Home Loan Grant is a grant for homebuyers in Maryland, administered by PNC Bank, N.A. PNC's tiered home loan grants - Low-Income ($2,500), Low-to-Moderate-Income Borrower ($3,000), and PNC Grant ($5,000) - for borrowers buying a primary residence in an LMI census tract within a PNC CRA assessment area. Funds for points, down payment, closing costs, or escrow; no repayment. MD assessment areas cover Baltimore, DC suburbs, and Frederick-Gaithersburg-Rockville. Up to $5,000 grant, no repayment. Flexible use. Tiered options. MD assessment areas (Baltimore, DC suburbs, Frederick). Funding comes from PNC Bank, N.A. (lender-funded grants).

How much assistance does it provide?

PNC Bank Home Loan Grant offers up to $5,000 in assistance. Award tiers: Low-Income Grant up to $2,500; Low-to-Moderate-Income Borrower Grant up to $3,000; PNC Grant up to $5,000. Amounts are the program's published maximums, not an offer — PNC Bank, N.A. determines any individual award.

Do you have to pay it back?

PNC Bank Home Loan Grant is structured as a grant, so it is not repaid. Repayment is triggered by None - grant, no repayment. 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 Home Loan Grant is open to homebuyers who will live in the home as their primary residence. Lender-specific (PNC mortgage). Property must be in LMI tract within PNC CRA assessment area; max amount varies by location.

What are the income limits?

PNC Bank Home Loan Grant limits household income to 80% of the area median income, which varies by county and household size. Generally <= 80% AMI by property location; eligibility/amount vary by location. 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 Home Loan Grant can be used for Single Family, Condo, and Townhouse.

Where does it apply?

PNC Bank Home Loan Grant serves homebuyers purchasing anywhere in Maryland. The program targets specific areas: Property in an LMI census tract within a PNC CRA assessment area. MD assessment areas: Baltimore-Columbia-Towson, Washington-Arlington-Alexandria, Frederick-Gaithersburg-Rockville.

How do you apply?

Applications for PNC Bank Home Loan Grant go through PNC Bank, N.A., which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Maryland homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 81 programs for Maryland

Program terms are set by PNC Bank, N.A. and can change; confirm on the official site before you apply.