TD Bank Mortgage Review 2026
TD Bank offers several loan types, but its offerings are only available in 15 states, mostly on the East Coast and Washington D.C.
See how we reached our verdict below.
- Autopay discount available
- Ability to get a quote online
- Variety of loan programs available
- Not available nationwide
- No USDA loans
- Doesn’t publish its rates online
TD Bank mortgage overview
Founded in Toronto in 1855, TD Bank has since grown to become one of the seven largest banks by branch volume in North America.
- Areas of service: 15 states and Washington D.C.
- Digital service: Get rate quote and submit application online
- Headquarters: 4140 Church Road, Mount Laurel, NJ 08054
- Website: TD.com
TD Bank rates and fees
Rates
TD Bank doesn’t share all of its mortgage rates online. However, you can find out what rates you may qualify for by requesting a quote through its website.
Compared to other financial institutions offering mortgages, TD Bank’s rates aren’t as competitive, coming in at 0.93 percentage points above average prime offer rate (APOR) in 2024. The APOR shows the lowest rate APR a bank will probably offer to borrowers in the current market.
From 2023 to 2024, TD Bank showed a 7% increase in its rate spread.
Fees
Like its rates, TD Bank doesn’t publish its rates on its website. You may be able to find out once you submit an application for a preapproval.
To give you an idea of potential fees, the average cost to take out a home loan is $2,709, including an average of $822 in origination fees, according to data from the Federal Financial Institutions Examination Council (FFIEC). These charges are among the most competitive compared to other major lenders.
Borrowers who enroll in autopay qualify for a 0.125% rate discount. Those loan applicants with a qualifying TD Bank personal checking account may also receive a 0.25% rate discount.
What types of mortgage loans does TD Bank offer?
Conventional loan options offered at TD Bank include fixed-rate and adjustable-rate mortgages (ARMs). Those borrowers looking for more affordable options can find loan offerings with lower down payment requirements.
Conventional loan qualification requirements
- Minimum 3% down payment
- 620 credit score or higher
TD Bank offers loans backed by the Federal Housing Administration (FHA) for those borrowers who can meet qualifying requirements. These loans may be a good option for those homebuyers who earn more than the income cutoff limits for other low down payment programs. Other choices include FHA refinance loans.
FHA loan qualification requirements
- Be below maximum loan limit based on county
- Minimum 3.5% down payment
Backed by the U.S. Department of Veterans Affairs (VA), this type of loan is available to qualifying military members, veterans and their families. VA loans offer benefits like like no mortgage insurance requirement and the potential to put zero down.
VA loan qualification requirements
- Available to qualifying military members, veterans and their surviving spouses
- May need to meet minimum credit score requirements
Borrowers who want to purchase a home above the conforming loan limits can apply for a jumbo loan with TD Bank. These types of loans are available at fixed or adjustable rates, and can be used for a home purchase or refinance.
Jumbo loan qualification requirements
- May require a larger down payment of 20%
- May need to meet higher credit score requirements
Both home equity loans and home equity lines of credit (HELOC) are available through TD Bank for qualifying borrowers. Home equity loans are available for five- to 30-year repayment terms at a fixed rate. HELOCs are available at variable rates, depending on whether you choose to pay an annual fee.
Home equity loan qualification requirements
- Meet minimum credit score requirements
- Proof of current homeowners insurance
- Be at or below combined loan-to-value (CLTV) ratio requirements
TD Bank mortgage qualifications
| Credit score minimum | 620 |
| DTI ratio
Debt-to-income (DTI) ratio compares your monthly gross income to your monthly debt payments.
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| Down payment minimum |
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Don’t know your credit score? Get your free score on LendingTree Spring today.
Although you won’t be able to find the exact criteria TD Bank uses to approve or deny loan applications, it is possible to use nationwide data to get insight into loans that have been approved by this lender. Approximately 49% of approved applicants had a DTI of less than 40% and an average loan-to-value (LTV) ratio of 59.2% or higher.
Finally, 37.7% of applicants were rejected, which is on par with many other lenders.
How to apply for a TD Bank mortgage
1. Choose your loan type
From the home page, head to the bank’s “Mortgage” section from the dropdown menu. From there, click on the “Apply now” button.
2. Get prequalified
You can start the prequalification process online by selecting the type of loan you want, or speak to a representative on the phone or at your nearest branch.
3. Submit a loan application
Consider locking in your mortgage rate by submitting a loan application if you want to move forward. You’ll be aiming to get preapproved instead of prequalified for a loan.
- Identification
- Tax documents
- Bank statement
- Pay stubs
- Debt and asset statements
- Gift letters (if you’re using gifted funds)
Find out more about how to apply for a home loan.
Is it safe to get prequalified with TD Bank?
Yes, it’s safe to get prequalified with TD Bank. You may be able to see what type of loan you may qualify for without it affecting your credit score. Getting prequalified is an important step in the homebuying journey as it helps you to see how much money you can afford to borrow and show sellers you have the financial means to purchase a home.
Your score could be temporarily affected if you decide to submit a full application because the lender will conduct a hard credit inquiry.
TD Bank’s customer service experience
TD Bank offers several ways you can contact customer service:
- Phone: 1-866-325-4516 or 1-877-700-2913
- In person: Locations and business hours vary
- Chatbot: You can ask general questions using TD Bank’s chat option
Other major banks also offer similar types of options, though many have more branches compared to TD Bank due to its limited availability nationwide.
How does TD Bank compare to other lenders?
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| LendingTree’s rating |
Expert review from LendingTree.
Back to our TD Bank summary |
Expert review from LendingTree.
Read our TD Bank vs.Wells Fargo comparison |
Expert review from LendingTree.
Read our TD Bank vs. BMO Harris Bank comparison |
| Minimum credit score | 620 | 620 to 640 | 580 to 640 |
| Minimum down payment | 0% to 3.5% | 0% to 3.5% | 0% to 5% |
| Rate spread
Rate spread is the difference between the average prime offer rate (APOR) — the lowest APR a bank is likely to offer any private customer — and the average annual percentage rate (APR) the lender offered to mortgage customers in 2024. The higher the number, the more expensive the loan.
| 0.93% | 0.05% | 1.04% |
| Loan products and programs |
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| Better for: | TD Bank customers who qualify for rate discounts. | Existing Wells Fargo customers or those looking for help with down payment assistance programs. | Borrowers looking for specialized mortgage options. |
TD Bank vs. Wells Fargo
TD Bank and Wells Fargo have similar loan offerings with the exception of home equity loans and HELOCs. Neither bank fully publishes their rates online, but you do have the option of requesting a rate online from both lenders. TD Bank and Wells Fargo are both a good option for a loan if you’re an existing customer at either bank, as you may be able to qualify for relationship discounts.
Read more in our full Wells Fargo mortgage review.
TD Bank vs. BMO Harris Bank
Both banks offer similar ways to reach customer service, autopay discounts and an online application form. Where BMO Harris Bank differs is in its specialty mortgage offerings, like ones for physicians and Canadian citizens. BMO Harris Bank and TD Bank each offer loans with down payment assistance.
Read more in our full BMO Harris Bank mortgage review.
How LendingTree rated TD Bank Mortgage
LendingTree’s mortgage lender rating is based on a five-point scoring system that factors in several features, including digital application processes, available loan products and the accessibility of product and lending information.
LendingTree’s editorial team calculates each rating based on a review of information available on the lender’s website. Lenders receive a half-point on the “offers standard mortgage products” criterion if they offer only two of the three standard loan programs (conventional, FHA and VA). In some cases, additional information was provided by a lender representative.
TD Bank’s scorecard:
❌ Publishes rates online
✅ Offers standard mortgage products
✅ Includes detailed product info online
✅ Shares resources about mortgage lending
✅ Provides an online application
Frequently asked questions
TD Bank has an online form to check your rate online and if you choose, submit a full application. Customers can also log into the account to manage their loan.
TD Bank is a legitimate bank founded in the 1800s.
You can view more info about TD Bank’s state licenses and registrations through the Nationwide Multistate Licensing System and Registry (NMLS) website.
If you submit a full application, your credit score may temporarily go down. According to a LendingTree analysis, it may go down by around 20 points but typically rebounds within a year.
TD Bank is no longer accredited by the Better Business Bureau since November 2024 due to its failure to adhere to certain standards. Of the 219 customer reviews, many complaints stemmed from unknown fees and payment issues, though very few of these were directly related to home loan products. Some reviews noted that the bank did address customer issues. TD Bank has a Trustpilot rating of 1.6 out of 5 stars, although none of the ratings were directly related to the bank’s mortgage programs.
The Consumer Financial Protection Bureau (CFPB) issued an order against TD Bank in September 2024 because it found that the bank supplied inaccurate customer information to credit reporting agencies. Plus, it failed to correct or update these errors after learning of them. The failure to address these errors could have affected customers’ ability to access housing or additional credit.
In October 2024, another action was taken against TD Bank by the U.S. government. The bank was found to have failed in properly monitoring its transactions, which allowed criminal networks to launder money.
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