Explore Your Mortgage Home Loan Options

Find out which home lending option works for your financial needs and goals. Whether you're buying a home or refinancing, TD has the mortgage for you.


What type of mortgage is right for me?

When choosing between an adjustable-rate mortgage (ARM) or a fixed-rate mortgage, there are generally 3 key things to consider:

  • Loan payments and interest
    If you want a consistent loan and interest payment for the life of the loan, choose a fixed-rate mortgage
  • How long you'll live in the house
    If you plan to only be in your home for a short time (like a starter home), the initial lower interest rate of an ARM may be a good choice
  • Consider your future expenses
    If you anticipate having more expenses in the future, you may enjoy the protection against rising interest rates that a fixed-rate mortgage offers. If you anticipate having fewer expenses, you may consider an ARM to qualify for a higher loan amount or to get a lower initial rate, understanding your payment would increase if interest rates rise

Compare all your TD Bank mortgage options

TD Bank offers a range of home loan options to fit your life and budget.

Key features

Benefits

Terms & additional requirements

Fixed-Rate Mortgage

Fixed-Rate Mortgages have the same monthly payment for the life of the loan.

  • Stability of the same payment every month
  • Protection from interest rate increases
  • Good option for long-term homeowners
  • 15- or 30-year terms

Adjustable-Rate Mortgage (ARM)

Adjustable-Rate Mortgages offer an initial fixed-rate term of 3, 5, 7, or 10 years.

The interest rate may change at set intervals after the initial fixed term.

  • Lower initial interest rate and payment
  • May qualify for a higher loan amount
  • Take advantage of falling interest rates without refinancing
  • Good option for short-term homeowners

Cover the costs of building a new home or renovate an existing property with a construction to permanent loan.

  • One closing at start of construction
  • Ability to lock in your interest rate when you apply
  • Interest-only payments during construction phase
  • Automatically converts to permanent mortgage after construction phase
  • Available in fixed-rate or adjustable-rate terms
  • Available for 1–4-unit primary residences and 1-unit vacation homes

Jumbo Mortgage Loan

Ideal for financing larger purchase and refinance transactions where the mortgage amount exceeds the Federal Housing Finance Agency conforming loan limit.

  • Can be used for a purchase or refinance
  • Loan amounts exceeding $647,200, the FHFA single family maximum loan amount
  • Available in fixed-rate or adjustable-rate terms

Programs that require as little as 3% down payment.

  • Unique private mortgage insurance (PMI) plans that can help you lower your monthly payment or qualify for a higher loan amount
  • Down payment and closing costs may come from gifts, grants or a Community Second Mortgage

Each program has different requirements around down payment, home buyer education, and if you must be a first-time home buyer

VA Mortgage

Available for active-duty military, veterans and spouses who meet eligibility requirements.

  • No down payment required – finance 100% of the purchase price
  • VA Funding Fee applies in lieu of standard mortgage insurance
  • 30-year fixed-rate term
  • Purchase and cash-out refinance options
  • Homebuyer education not required

FHA Mortgage

Down payment as low as 3.5% for purchase transactions.

  • Mortgage Insurance Premium (MIP) applies and may be less than standard mortgage insurance
  • No income limits
  • 30-year fixed-rate term
  • Available for 1–4-unit properties
  • Homebuyer education not required

Specifically designed for doctors, dentists, residents or fellows who are less than 10 years out of residency.

  • Low to no money-down options with verified income
  • No private mortgage insurance (PMI) required (even if you put down less than 20% at closing)
  • Available for purchase and refinance of primary residence
  • Not required to be a first-time homebuyer

Get your personalized rate quote

Use TD Home Loan Match to see rate and payment options to help you find the best loan to purchase a home or refinance a mortgage.

Refinance your mortgage

Refinancing your current mortgage can help you meet your financial goals.

  • Lower your monthly payment

    • Free up money that you can save, invest or use for other expenses
    • Option to refinance to a lower rate or a longer term
  • Get cash out

    • Pay off debt, cover a major purchase or finance other goals
    • Use the equity in your home to secure a new mortgage
  • Pay off your loan sooner

    • Reduce your total interest payment by paying off the loan sooner
    • Switch to a shorter-term mortgage

Begin your mortgage journey now

  • Online

    The fastest way to get started

  • By phone

    Talk to a Mortgage Loan Officer today

    1-866-325-4516 1-866-325-4516
  • Find a Mortgage Loan Officer

    Connect with a Mortgage Loan Officer in your area

Loans subject to credit approval. Equal Housing Lender  | Member FDIC

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