U.S. Bank vs. PNC Bank HELOC
U.S. Bank and PNC Bank compared on rates, fees, borrowing limits and fixed-rate options, from each lender's published terms.
Reviewed by Shawn Way, NMLS #1007298★ 4.9 from 111 reviewsUpdated
Disclosure: Shawn Way is a loan officer at West Capital Lending, Inc., which competes with these lenders. HELOCHQ isn't paid by any lender for reviews, and every fact below comes from the lender's own published terms.
Both national banks publish APR ranges and offer fixed-rate locks. U.S. Bank has no closing costs and an 18% cap. PNC offers more lock terms (5 to 30 years) and smaller minimum lines, but charges an origination fee and has a 24% cap.
On this page
Side by side
| U.S. Bank | PNC Bank | |
|---|---|---|
| Type | National bank | National bank |
| Rate | Variable, prime plus a margin; 6.20%–11.10% APR as of September 17, 2026 | Variable, prime plus a margin; 7.87%–14.50% APR for $10,000–$1,000,000 lines as of August 16, 2026; floor 2.25%, cap 24% |
| Credit score | 660+ | Not published by PNC Bank as of October 26, 2026; ask the lender |
| Max borrowing | Not published by U.S. Bank as of October 23, 2026; ask the lender. Best rate assumes 60% LTV | Not published by PNC Bank as of October 26, 2026; ask the lender. Loan-to-value affects the rate |
| Line size | Not published by U.S. Bank as of October 23, 2026; ask the lender. Lines under $50,000 may price higher | $10,000–$1,000,000 |
| Terms | Draw period then repayment; interest-only available for some | Draw and repayment periods; lengths not stated on the rates page |
| Fees | No closing costs; $75 annual fee after year one (waived with Platinum Checking); 1% early-closure fee, up to $500, within 30 months | $75 annual fee (none in Texas); origination fee $299–$599 by line size; title insurance may apply; closing costs PNC paid are owed back if closed within 36 months |
| Fixed-rate option | Lock all or part at a fixed rate for up to 20 years, up to 3 locks | Fixed Rate Lock on $5,000 or more for 5 to 30 years; $100 fee for each lock after opening |
Sources: U.S. Bank (checked October 23, 2026) and PNC Bank (checked October 26, 2026). Terms change; confirm with each lender.
Use a free calculator, or get your HELOC rate from Shawn.
The difference that matters
Both charge an annual fee ($75 each, with conditions) and charge for closing early: U.S. Bank 1% up to $500 within 30 months, PNC repayment of paid closing costs within 36 months.
Choose U.S. Bank if
- You want no closing costs
- You want a lower lifetime cap
- You have or will open U.S. Bank Platinum Checking to waive the annual fee
Choose PNC Bank if
- You want fixed-rate terms up to 30 years
- You need a small line from $10,000
- You bank with PNC and can use autopay
If neither fits
Different lenders draw the line in different places on credit score, loan-to-value, property type and state. A broker can price several lenders with one application. Get your HELOC rate, or if you already have an offer from either lender, see how it compares with HELOCs closed this year.
Full reviews
Shawn Way is a loan officer at West Capital Lending, Inc., which may compete with the lenders reviewed here and may also arrange loans through some of them as a mortgage broker. Facts come from each lender's own website on the date shown and can change; confirm current terms with the lender.
Sources
Official sources behind this guide.
- What is the difference between a home equity loan and a HELOC? · Consumer Financial Protection Bureau
- What you should know about home equity lines of credit (booklet, PDF) · Consumer Financial Protection Bureau
- Regulation Z §1026.40: Requirements for home equity plans · Consumer Financial Protection Bureau