TD Bank HELOC Review 2025
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Our Take
5.0
TD Bank is a major national HELOC lender, and is among the top 10 by origination volume. Qualified customers have a maximum borrowing limit of 89.99% CLTV, and borrowers have the option to fix their rate. Borrowers with a TD Bank checking account can get a HELOC rate discount.
Pros
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Major HELOC lender by volume.
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High borrowing limit.
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Rates are fully customizable online.
Cons
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Annual fee of $50.
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Origination fees and closing costs may apply.
Lender | Max. loan amount | Max LTV | Min. credit score | |
|---|---|---|---|---|
 Visit Lenderat Figure at Figure | $750,000 | 85% | 600 | Visit Lenderat Figure at Figure |
 4.5 Visit Lenderat Achieve at Achieve | $300,000 | 85% | 600 | Visit Lenderat Achieve at Achieve |
 4.0 Visit Lenderat Upstart Mortgage LLC at Upstart Mortgage LLC | $250,000 | 95% | 600 | Visit Lenderat Upstart Mortgage LLC at Upstart Mortgage LLC |
 Visit Lenderat New American Funding at New American Funding | $750,000 | 90% | 620 | Visit Lenderat New American Funding at New American Funding |
 Visit Lenderat NBKC at NBKC | $250,000 | 85% | 720 | Visit Lenderat NBKC at NBKC |
Full Review
💲TD Bank HELOC Rates
HELOC rates are determined by two things. The first is the prime rate, which is what banks pay to borrow from one another. The second part is a margin, which the lender calculates based on your financial qualifications (including your credit score, existing debts and income). The prime rate plus your margin equals your HELOC rate offer.
Current prime rate | Prime rate last week | Prime rate in the past year — low | Prime rate in the past year — high |
|---|---|---|---|
7% | 7% | 7% | 8% |
TD Bank’s HELOC rates are customizable online based on location.
👍 Reasons to get a TD Bank HELOC
TD Bank is a major HELOC lender by volume.
The maximum borrowing limit is higher than many lenders at 89.99%, and the introductory rate is below the prime rate. Sample rates are posted online and are customizable by location. Borrowers with a TD Bank checking account can get a discount on their HELOC rate.
TD also offers a fixed-rate repayment option, and has no initial draw requirements. HELOCs are available for second homes.
» MORE: Best HELOC lenders
🤔 Reasons why TD Bank’s HELOC gives us pause
Borrowers will pay an origination fee of $99 and an annual fee of $50.
📎 Ways to apply for a TD Bank HELOC
How to Apply | Availability |
Online 🧑💻 | ✅ |
Over the phone 📞 | ✅ |
Mobile app 📶 | 🚫 |
In person 🏦 | ✅ |
You can contact TD Bank customer service over the phone or in person at a branch location. TD Bank’s website also offers an AI-powered chat feature.
🛒 Alternatives to a TD Bank HELOC
Wondering if another lender or product might be a better fit? It’s worth it to shop around to learn more about your options.
Borrowers who want a five-star HELOC lender that offers rate discounts could be a fit for FourLeaf Credit Union. If you need a HELOC with a high borrowing limit, LoanDepot has a maximum CLTV of 90%.
Alternatively, Truist could be a solid choice for borrowers who don’t want to pay origination fees.
A HELOC isn’t your only option
You can also explore products outside of HELOCs. Alternatives to home equity lines of credit include a home equity loan, which offers a lump sum with a fixed rate, or a cash-out refinance, which replaces your existing mortgage with a larger loan.
In addition to HELOCs, TD Bank offers home equity loans and cash-out refinancing.
Borrow from your home’s equity
NerdWallet’s HELOC star ratings are independently researched and developed by the editorial team based on the following factors: HELOC lending volume, maximum combined loan-to-value ratio, whether a fixed-rate option is available, initial draw requirements, flexibility of draw and repayment terms, average time to close, interest rate transparency, length of any introductory term below the prime rate, lender fees, availability for second homes, application availability and customer support options. Lenders can receive bonus points for offering options for HELOC rate discounts. A recent regulatory action against a lender may affect its HELOC star rating.
