Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
At a glance
Fixed APR: From ~8.29% (Variable by credit, LTV, and term; verify at tdbank.com)
Closing costs: $0 on eligible loans (No-closing-cost option on many TD Bank HEL products — verify at tdbank.com)
Loan amounts: $10K–$500K (Per TD Bank disclosure — subject to equity and approval)
Max CLTV: Up to 89.99% (Per TD Bank disclosure — verify current CLTV caps at tdbank.com)
Who TD Bank Home Equity Loan is best for
East Coast homeowners (TD's primary footprint) who want the no-closing-cost option on a bank-direct HEL.
Pros
No-closing-cost option on eligible home equity loan products
Near-90% CLTV ceiling (up to 89.99%) per TD Bank disclosure
Branch network across East Coast states for in-person service
Low minimum loan amount ($10K) for smaller equity draws
FDIC-member bank with established servicing track record
Cons
Primary footprint concentrated in East Coast states — less accessible for Western borrowers
No-closing-cost loans may carry a slightly higher APR to offset the lender's cost absorption
May require in-person branch visit for some applications in the footprint
TD Bank Home Equity Loan requirements
Credit score: 680+ FICO typical for competitive rates
Max CLTV: Up to 89.99% combined loan-to-value per TD Bank disclosure
Property type: Primary residence in TD Bank's service area — primarily East Coast states
Primary residence in TD Bank service area (primarily East Coast states)
680+ FICO typical for competitive rates
Up to 89.99% CLTV on qualifying applications
TD Bank Home Equity Loan rates & fees
TD Bank's fixed APR starts from approximately 8.29%, varying by credit, LTV, and term per TD Bank disclosure. Loan amounts range from $10,000 to $500,000 with up to 89.99% CLTV. A $0 closing cost option is available on eligible loan products — verify which products qualify at tdbank.com.
TD Bank Home Equity Loan — No-closing-cost option on eligible home equity loans — strong for East Coast homeowners. Best for: East Coast homeowners (TD's primary footprint) who want the no-closing-cost option on a bank-direct HEL.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Questions about TD Bank Home Equity Loan
Does TD Bank's no-closing-cost option mean there are truly no costs at closing?
TD Bank's no-closing-cost option covers lender fees and many third-party closing costs on eligible home equity loan products. In some states or situations, certain government recording fees or required taxes may still apply. Additionally, some no-closing-cost products carry a slightly higher APR to offset the absorbed costs. Compare the total interest cost over your expected hold period against a closing-cost product with a lower APR to determine which structure saves more for your situation. Source: TD Bank home equity loan disclosures at tdbank.com.
Is ClearValue Lending affiliated with TD Bank?
No. This is an independent editorial review. ClearValue Lending is not affiliated with TD Bank, N.A. All loan terms, fees, and eligibility are determined by TD Bank. Verify current APRs, closing costs, and eligibility at tdbank.com before applying.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
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