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TD Bank HELOC Review 2026
Last updated on May 8, 2026
Written by
Lead Writer & Content StrategistCo-written by
Contributing EditorWritten by
Lead Writer & Content StrategistCo-written by
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Our Take
5.0
HELOCs
NerdWallet rating
The Nerdy headline:
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.
Jump to:Full Review
TD Bank: NMLS#399800
National / regional
Regional
Max LTV
89.99%
Min. credit score
620
Loan types and products
Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA
Pros
- Major HELOC lender by volume.
- High borrowing limit.
- Rates are fully customizable online.
Cons
- Annual fee of $50.
- 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 |
 Visit Lenderat Achieve at Achieve | $500,000 | 85% | 600 | Visit Lenderat Achieve at Achieve |
 Visit Lenderat New American Funding at New American Funding | $750,000 | 90% | 600 | Visit Lenderat New American Funding at New American Funding |
 Visit Lenderat NBKC at NBKC | $250,000 | 85% | 720 | Visit Lenderat NBKC at NBKC |
 Visit Lenderat Better at Better | $750,000 | 90% | 620 | Visit Lenderat Better at Better |
Full Review
💲TD Bank HELOC Rates
HELOC rates are determined by two things. The first is the prime rate, a benchmark interest rate that banks set to determine the lowest rate offered to their most creditworthy customers. The prime rate is generally set around 3% above the federal funds rate.
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 — last changed Dec. 2025 | Prime rate last week | Prime rate in the past year — low | Prime rate in the past year — high | Projected median prime rate for 2026 |
|---|---|---|---|---|
6.75% | 6.75% | 6.75% | 7.5% | 6.4% |
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 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
Methodology
NerdWallet rates home equity line of credit lenders based on what matters most to borrowers: HELOC rates and fees, how much of a lender’s business is dedicated to home equity lines of credit, HELOC market share, product accessibility, borrowing flexibility and features, customer experience and rate transparency.
We review more than 40 lenders and score HELOC lenders using a weighted system that prioritizes affordability, flexibility and a smooth borrowing experience. Lenders earn higher scores for offering lower borrowing costs, higher combined loan-to-value (CLTV) limits, flexible draw and repayment terms, fixed-rate options, faster closing times and clear, accessible rate information, along with strong customer support throughout the process.
We use a mix of lender-provided information, publicly available data and our own analysis to evaluate each lender. Recent regulatory actions may affect a lender’s score.