Lenders › PNC Bank N.A.
PNC Bank N.A.
HMDA reporter, headquartered in Pittsburgh, Pennsylvania. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
PNC Bank N.A.'s 2024 HMDA filing covers 111,589 applications and 56,830 originated loans totalling $18bn, in 47 states.
Its denial rate, the share of decided applications the lender denied, was 35.4%, above the national rate of 24.3% and above the Pennsylvania rate of 24.2%. 13,131 applications were withdrawn by the applicant and 7,360 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.9 percentage points (national median 0.3); 29.2% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly home improvement (31%) and refinancing (25%); by loan type, conventional (99%) and FHA (1%).
The largest volumes were in Pennsylvania (8,902 originations), Ohio (5,981 originations) and New Jersey (5,209 originations).
Applications were down 13% on 2023.
VA lender statistics list 23 VA-guaranteed loans for the lender in August 2026.
Compared with Pennsylvania and the nation
| Measure | This lender | Pennsylvania, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 35.4% | 24.2% | 24.3% |
| Median rate spread, percentage points | 0.9 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 29.2% | 14.1% | 15.6% |
| Average originated loan | $309k | $226k | $329k |
| Home purchase share of originations | 21.0% | 48.7% | 57.0% |
| FHA-insured share of originations | 1.0% | 9.8% | 13.4% |
| VA-guaranteed share of originations | 0.4% | 4.0% | 7.9% |
| Applications withdrawn by applicant | 11.8% | 12.1% | 14.3% |
Pennsylvania is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderPennsylvaniaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 158,702 |
| 2019 | — | — | — | — | — | 159,942 |
| 2020 | — | — | — | — | — | 167,346 |
| 2021 | — | — | — | — | — | 173,932 |
| 2022 | 193,209 | 107,916 | $37bn | 29.3% | -0.0 | 197,790 |
| 2023 | 128,990 | 66,913 | $19bn | 33.6% | 1.0 | 132,468 |
| 2024 | 111,589 | 56,830 | $18bn | 35.4% | 0.9 | 127,108 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 21% (11,912)Home improvement 31% (17,438)Refinancing 25% (13,926)Cash-out refinancing 2% (1,007)Other purpose 22% (12,547)
By type
Conventional 99% (56,057)FHA 1% (545)VA 0% (213)USDA 0% (15)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 109,941 | 56,057 | 31,826 | 28.9% |
| FHA-insured | 1,235 | 545 | 371 | 30.0% |
| VA-guaranteed | 385 | 213 | 69 | 17.9% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 28 | 15 | 4 | 14.3% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 56,830 | 44.7% |
| 2 Application approved but not accepted | 1,998 | 1.6% |
| 3 Application denied | 32,270 | 25.4% |
| 4 Application withdrawn by applicant | 13,131 | 10.3% |
| 5 File closed for incompleteness | 7,360 | 5.8% |
| 6 Purchased loan | 13,659 | 10.7% |
| 7 Preapproval request denied | 421 | 0.3% |
| 8 Preapproval request approved but not accepted | 1,439 | 1.1% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 32,270 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| Pennsylvania | 15,346 | 8,902 | $1.4bn | 28.6% | 0.7 |
| Ohio | 10,746 | 5,981 | $1.0bn | 31.0% | 0.8 |
| New Jersey | 10,047 | 5,209 | $1.3bn | 35.8% | 0.7 |
| Florida | 8,780 | 3,699 | $1.2bn | 44.7% | 0.9 |
| Texas | 8,258 | 2,948 | $1.1bn | 53.2% | 1.1 |
| California | 6,710 | 3,507 | $3.7bn | 31.3% | 0.5 |
| Illinois | 6,011 | 3,063 | $756m | 35.0% | 0.9 |
| Maryland | 4,966 | 2,349 | $492m | 39.9% | 1.7 |
| Michigan | 4,824 | 2,688 | $461m | 30.5% | 0.9 |
| Indiana | 4,752 | 2,733 | $356m | 30.2% | 0.9 |
| North Carolina | 4,432 | 2,338 | $488m | 33.0% | 0.5 |
| Kentucky | 3,377 | 2,040 | $294m | 26.7% | 0.9 |
| Alabama | 3,103 | 1,431 | $209m | 41.5% | 1.0 |
| Virginia | 2,787 | 1,354 | $774m | 37.4% | 0.9 |
| Georgia | 2,682 | 1,221 | $271m | 41.1% | 1.0 |
| Arizona | 1,994 | 983 | $314m | 37.2% | 1.1 |
| Delaware | 1,548 | 865 | $183m | 30.8% | 0.9 |
| Colorado | 1,203 | 566 | $534m | 34.7% | 0.9 |
| South Carolina | 1,134 | 596 | $135m | 31.1% | 1.0 |
| New York | 1,131 | 426 | $677m | 49.7% | 1.6 |
| Missouri | 954 | 494 | $76m | 34.0% | 1.2 |
| Washington | 918 | 592 | $514m | 20.4% | 0.1 |
| Tennessee | 719 | 361 | $185m | 33.0% | 0.9 |
| Wisconsin | 704 | 410 | $66m | 26.5% | 0.4 |
| Massachusetts | 696 | 307 | $112m | 42.9% | 0.2 |
| District of Columbia | 449 | 204 | $103m | 38.6% | 0.9 |
| West Virginia | 399 | 216 | $35m | 27.9% | 0.8 |
| New Mexico | 322 | 128 | $21m | 46.7% | 1.0 |
| Connecticut | 314 | 157 | $135m | 36.0% | 0.1 |
| Utah | 310 | 134 | $68m | 36.2% | 1.0 |
| Minnesota | 301 | 149 | $100m | 35.1% | 0.1 |
| Oregon | 254 | 120 | $79m | 35.9% | 0.3 |
| Oklahoma | 154 | 68 | $12m | 39.1% | 0.7 |
| Arkansas | 152 | 62 | $11m | 43.6% | 0.7 |
| Kansas | 147 | 82 | $16m | 24.3% | 0.8 |
| Idaho | 139 | 61 | $23m | 41.7% | 0.0 |
| Maine | 131 | 61 | $19m | 37.4% | 0.5 |
| New Hampshire | 108 | 48 | $11m | 36.4% | 0.7 |
| Iowa | 90 | 37 | $6.1m | 41.5% | 0.5 |
| Montana | 87 | 42 | $21m | 32.8% | 0.3 |
| Rhode Island | 85 | 35 | $7.4m | 43.9% | 0.3 |
| Nebraska | 69 | 33 | $21m | 32.0% | 0.3 |
| Nevada | 64 | 38 | $114m | 17.0% | -0.1 |
| Vermont | 47 | 20 | $4.5m | 38.5% | — |
| Louisiana | 46 | 24 | $15m | 25.0% | — |
| Wyoming | 34 | 20 | $22m | 33.3% | — |
| Mississippi | 32 | 16 | $3.7m | — | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Allegheny County | PA | 3,815 | 2,401 | $352m | 23.0% |
| Cook County | IL | 2,196 | 980 | $368m | 42.3% |
| Cuyahoga County | OH | 1,606 | 835 | $156m | 35.1% |
| Jefferson County | KY | 1,317 | 805 | $115m | 25.5% |
| Maricopa County | AZ | 1,332 | 689 | $184m | 34.9% |
| Franklin County | OH | 1,225 | 687 | $200m | 29.8% |
| Los Angeles County | CA | 1,340 | 681 | $579m | 33.1% |
| Montgomery County | PA | 897 | 579 | $137m | 21.2% |
| Monmouth County | NJ | 949 | 576 | $137m | 29.3% |
| Hamilton County | OH | 976 | 557 | $87m | 30.7% |
| Westmoreland County | PA | 863 | 553 | $69m | 22.2% |
| Ocean County | NJ | 890 | 526 | $92m | 31.0% |
| Santa Clara County | CA | 767 | 516 | $953m | 14.1% |
| Palm Beach County | FL | 1,254 | 497 | $175m | 47.5% |
| Oakland County | MI | 807 | 464 | $90m | 26.0% |
| Washington County | PA | 741 | 449 | $65m | 25.0% |
| Middlesex County | NJ | 908 | 442 | $91m | 38.3% |
| Harris County | TX | 1,272 | 440 | $172m | 53.4% |
| New Castle County | DE | 804 | 439 | $65m | 31.4% |
| Marion County | IN | 895 | 428 | $46m | 39.2% |
| King County | WA | 548 | 407 | $449m | 12.0% |
| Bergen County | NJ | 798 | 404 | $113m | 36.4% |
| Summit County | OH | 725 | 401 | $55m | 30.1% |
| DuPage County | IL | 670 | 390 | $78m | 26.2% |
| Philadelphia County | PA | 956 | 371 | $61m | 50.4% |
| Morris County | NJ | 672 | 366 | $93m | 31.7% |
| Chester County | PA | 570 | 359 | $85m | 23.9% |
| Wayne County | MI | 777 | 355 | $42m | 43.1% |
| Fairfax County | VA | 735 | 348 | $148m | 36.5% |
| Camden County | NJ | 663 | 346 | $46m | 34.3% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 23 | 15 | 7 | 1 |
| Jul 2026 | 22 | 15 | 4 | 3 |
| Jun 2026 | 29 | 25 | 4 | 0 |
| May 2026 | 34 | 25 | 7 | 2 |
| Apr 2026 | 27 | 17 | 6 | 4 |
| Mar 2026 | 23 | 13 | 4 | 6 |
| Feb 2026 | 15 | 11 | 4 | 0 |
| Jan 2026 | 20 | 14 | 2 | 4 |
| Dec 2025 | 17 | 14 | 1 | 2 |
| Nov 2025 | 27 | 15 | 7 | 5 |
| Oct 2025 | 31 | 16 | 9 | 6 |
| Sep 2025 | 16 | 11 | 3 | 2 |
Fiscal-year totals (VA): FY2018 230,187,835 · FY2019 190,275,067 · FY2020 296,343,583 · FY2021 278,392,809 · FY2022 131,136,428 · FY2023 60,565,505 · FY2024 61,332,415 · FY2025 53,216,573. Matched to the VA lender name "PNC BANK, N.A."; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did PNC Bank N.A. originate in 2024?
56,830 loans totalling $18bn, from 111,589 applications reported under HMDA. It also purchased 13,659 loans from other institutions, which are counted separately.
What is PNC Bank N.A.'s denial rate and how does it compare?
35.4% of decided applications were denied in 2024, against 24.3% nationally and 24.2% in Pennsylvania. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does PNC Bank N.A. lend in most?
By originations: Allegheny County, PA (2,401), Cook County, IL (980), Cuyahoga County, OH (835), Jefferson County, KY (805) and Maricopa County, AZ (689).
What loan types does PNC Bank N.A. make?
Conventional 56,057, FHA 545, VA 213 and USDA 15 originations in 2024; by purpose, home purchase 11,912, home improvement 17,438, refinancing 13,926, cash-out refinancing 1,007 and other purpose 12,547.
What reasons did PNC Bank N.A. report for denials?
The first denial reason recorded most often was debt-to-income ratio (13,497), credit history (12,235) and credit application incomplete (2,793), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.