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What you get

A Home Equity Line of Credit (HELOC) gives you flexibility because you only draw funds when you need them (up to your credit limit) and only pay back what you use.

  1. Low, variable rate, lower than some credit cards and loans
    Get a competitive, variable rate as low as %.1 Check with your tax advisor to see if the interest you pay is tax deductible

  2. No minimum draw, $25,000 minimum line
    Borrow only what you need when you need it – up to your credit limit. Get the flexibility you need for a change of plans or unexpected expenses

  3. Get a 0.25% rate discount1
    TD personal checking customers get a rate discount, just for banking with us, no automatic payment required

  1. Option to lock your rate2
    You can choose to fix the rate on all or a portion of your line, with no setup fees, and keep accessing the rest of your available line of credit. Calculate what your rate and monthly payment could be

  2. Convenient ways to access your funds
    Transfer funds into your personal checking or savings account online, with our mobile app, by phone or at any TD Bank. Use checks or the Visa® EquityAccess Card3 to make purchases and pay for services

  3. Checking overdraft protection available
    With TD EquityAccess PLUS, you get the same rates and features of our Home Equity Line of Credit, plus the option to sign up for overdraft protection during your application

Why choose a TD Bank Home Equity Line of Credit

Borrowing what you need, as you need it (up to your credit limit), makes a Home Equity Line of Credit a good choice for renovating your home, consolidating debt, or making major purchases. Get flexibility in managing both planned and unplanned expenses at a low, variable rate with a fixed rate option.


  • Renovate your house

    • Increase your home's value with renovations like kitchen and bathroom remodels or energy-efficient upgrades
    • Good for do-it-yourself projects or major renovations
    • Enjoy improvements to your living space
  • Consolidate debt

    • Enjoy financial freedom by consolidating debt into a lower monthly payment
    • Replace multiple monthly bills with one simple payment
    • Pay off outstanding balances on high-interest credit cards and other loans
  • Make a major purchase

    • Pay for education expenses4
    • Make big purchases like a new car, travel or recreation
    • Be prepared for unplanned events that require large purchases or expenses

Additional resources

Already started the home equity lending process?

Finish applying, check the status of your application, or make a payment on your current home equity line of credit or loan. Plus, get tips and info on home lending.

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Ways to apply


1The rate is for illustrative and educational purposes only. Your actual Annual Percentage Rate (APR) may be higher than the rates shown. APR is variable based on the Wall Street Journal Prime % to %, and will not exceed 18%. As of , Prime Rate is %. Minimum line amount for Prime % is $200,000. Other rates are available for lines of credit in amounts below $200,000. APR calculation includes an origination fee, which is considered a finance charge, and does not include additional fees and charges that may be applicable. Rates may vary by state, and are applicable to the state in which the collateral property is located. Your APR is based on the specific characteristics of your credit application including but not limited to: evaluation of credit history, amount of credit requested, property type, lien position, combined loan to value, and/or geographic location. Combined loan to value (CLTV) is a percentage calculated by dividing your total outstanding mortgage(s) – or liens – by the market value of the property. Rates subject to change.

A TD Bank personal checking account is required to be eligible for the additional % rate discount, which is reflected in the rate shown here. The relationship discount may be terminated and the interest rate on this account may increase by 0.25% upon closure of the personal checking account.

The following fees apply: annual fee of $50 (except on loan amounts less than $50,000) is assessed after one-year anniversary; origination fee of $99 is a finance charge; an early termination fee of 2% of outstanding principal balance with a max of $450 applies if line of credit is paid off and closed within 24 months from the date the account is opened. Closing costs exist on lines of credit greater than $500,000, investment properties and co-ops. When refinancing a mortgage or home equity loan/line, a mortgage discharge fee may apply.

Maximum combined loan to value (CLTV) is based on creditworthiness, property type, occupancy, lien position and loan amount. Occupancy is related to how you use the property. 1) Primary occupancy: a property in which you live most of the year; 2) Secondary occupancy: a property in which you live part of the year (e.g., weekends or vacations); 3) Investment: a property that is used by others, in which you may or may not receive rent.

Offer valid on line amounts up to $500,000. For line amounts greater than $500,000, additional terms and conditions will apply. Lien position may affect the maximum loan amount.

Available on 1–4 family primary or secondary residences, excluding mobile homes, boats, RVs, and homes for sale, under construction or on leased land. For co-ops, additional terms and conditions will apply. For a property value greater than $2.5 million, additional terms and conditions may apply. Property insurance is required.

If you pay interest only, you will still owe the amounts drawn and your monthly payment will increase when the interest-only period ends.

Interest paid on an equity line or equity loan may be tax deductible. Consult your tax advisor about the deductibility of interest.

2You must have an eligible, existing TD Bank Home Equity Line of Credit to have the option to fix the interest rate on all or part of the outstanding principal balance at any time during the Draw Period or Repayment Period (“Fixed Rate Option”). The maximum term of any Fixed Rate Option cannot extend beyond the Repayment Period. The minimum amount upon which you may fix the rate is $5,000. You may have up to three (3) Fixed Rate Options outstanding at any one time. The Fixed Rate Option rates are based on the current Home Equity Loan rates for a comparable term and any applicable rate discounts at the time the Fixed Rate Option request is made.

3See the Card Disclosure for details about transactions, fees, rights and special rules.

4TD Bank does not offer student loans.

For loans secured by New York property: TD Bank NA is registered with the Superintendent of New York. You may file complaints and obtain further information about the servicer by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department's website at www.dfs.ny.gov.

Mortgage and Home Equity Servicing Fee Schedule

TD Bank NA may utilize third-party providers during the servicing of your loan. Please contact TD Bank NA if you have any questions.

Loans subject to credit approval. Equal Housing Lender 

 

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TD Bank Home Equity Line of Credit1

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