Last Updated: 05/07/2025
TD Bank Home Equity Line of Credit
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in Home Equity Lines of Credit from TD Bank
Last Updated: 05/07/2025
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Credit Score Range
Amount Range
Maximum LTV
Minimum Draw
Loan Term (Years)
TD Bank Home Equity Line of Credit Review
Key Takeaways
- Good credit required. You will need a credit score of at least 700 to qualify.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Origination fees starting at $99.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
- High maximum LTV ratio. TD Bank Home Equity Line of Credit has a maximum loan to value ratio of 89.9%.
- High maximum DTI ratio. TD Bank Home Equity Line of Credit requires a debt-to-income ratio of less than 49%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.
TD Bank Home Equity Line of Credit Pros & Cons
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TD Bank Home Equity Line of Credit FAQ
Is there a minimum draw requirement?
What is the estimated funding time for a HELOC?
What fees does TD Bank charge for a HELOC?
What types of property can you use as security for a HELOC with TD Bank?
- Primary residences
- Secondary or vacation homes
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