TD Bank HELOC review
What TD Bank's home equity line of credit offers, who it fits, and what to check, from the lender's own 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.
Who should consider the TD Bank HELOC?
The TD Bank HELOC fits TD checking customers in its East Coast states and owners of investment properties who want low, predictable opening costs. As of October 26, 2026, it charges a $99 origination fee and, on most lines, a $50 annual fee, with a 0.25% checking discount and a variable rate based on the WSJ prime rate, capped at 18% APR.
On this page
Terms at a glance
| Type | Regional bank |
|---|---|
| Rate | Variable, based on the WSJ prime rate; maximum APR 18% |
| Credit score | Not published by TD Bank as of October 26, 2026; ask the lender |
| Max borrowing | Not published by TD Bank as of October 26, 2026; ask the lender |
| Line size | $25,000–$500,000 |
| Terms | Not published by TD Bank as of October 26, 2026; ask the lender |
| Fees | $99 origination fee; $50 annual fee on most lines (a no-annual-fee option on $25,000–$49,999 lines) |
| Fixed-rate option | Not published by TD Bank as of October 26, 2026; ask the lender |
Source: TD Bank, checked October 26, 2026.
Use a free calculator, or get your HELOC rate from Shawn.
Who it fits
- TD checking customers in the East Coast states it serves
- Investment property owners, since TD lists investment-property lines
- Borrowers who want low, predictable opening costs
What to check
- Closing the TD checking account can remove the 0.25% discount
- Draw and repayment terms and loan-to-value limits aren't on the rates page
- TD's branch footprint is mostly East Coast
Our take
TD Bank keeps fees simple: a $99 origination fee and, on most lines, a $50 annual fee. That's low compared with lenders charging percentage-based origination. It's also one of the few banks listing HELOCs on investment properties. The rates page leaves out loan-to-value limits and draw terms, so get those in writing before comparing.
Questions to ask TD Bank
- What's the maximum combined loan-to-value for my property type?
- How long are the draw and repayment periods?
- What's my margin with and without the checking discount?
- Can I lock part of the balance at a fixed rate?
If it doesn't fit
- A lender that publishes its full terms if you're comparing online first
- A broker for investment properties outside TD's states
How to compare it
Put any offer side by side on margin over prime, total fees, draw terms and fixed-rate options. Prime is 7.00% as of October 28, 2026. A broker with access to more than 180 lenders can price several of these in one application; check your rate and compare them with a direct quote from TD Bank.
Head to head
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
- Bank Prime Loan Rate (DPRIME) · Federal Reserve Bank of St. Louis, FRED
- Regulation Z §1026.40: Requirements for home equity plans · Consumer Financial Protection Bureau