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Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

TD Bank is one of the 10 largest banks in the U.S., with over 1,100 retail branches located throughout the Northeast, Mid-Atlantic, and South. It provides a variety of mortgage loans in 15 states plus Washington, D.C.

In addition to conventional, jumbo, and low-down-payment home loans, TD Bank offers construction loans and special financing for medical professionals. You can even finance an investment property.

In this review:

TD Bank mortgage purchase review

Best for:

  • Homebuyers located on the East Coast
  • Medical professionals
  • Borrowers with limited funds for a down payment

Whether you’re buying a new home or building one, TD Bank likely has a mortgage loan that meets your needs.

If you’d prefer to meet with a professional in-person to discuss your options, the lender operates retail stores in the following states (and Washington, D.C.):

  • Connecticut
  • Delaware
  • Florida
  • Maine
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Vermont
  • Virginia

Some of TD’s loan products might be difficult to find elsewhere. For example, you can use a TD construction-to-permanent loan to build a new home or renovate an existing one. Either way, you’ll close just once and only pay interest while the home is under construction.

Another unique option is TD Bank’s Medical Professional Mortgage, which is geared to physicians, dentists, and oral surgeons who are no more than 10 years out of residency. The loan lets you purchase a primary residence with $0 down (up to a $750,000 loan) without private mortgage insurance (PMI). Debt-to-income limits are higher than usual to accommodate student loans.

Low-income borrowers also have options with TD Bank. In addition to government-backed loans and the HomeReady loan from Fannie Mae, TD offers its own TD Right Step Mortgage that lets you purchase with just 3% down and no PMI.

Mortgage programsConventional, FHA, VA, USDA, jumbo, Medical Professional, construction
Fixed-rate loan terms15 or 30 years
Adjustable-rate loan terms3/1, 5/1, 7/1, 10/1
Rates and feesRates and fees depend on loan type, loan amount, location, and your creditworthiness
Min. credit score620
Min. down payment
  • Conventional: 3%
  • FHA: 3.5%
  • VA: 0%
  • USDA: 0%
  • Jumbo: 20%, or as low as 5% in high-balance areas
  • Medical Professional: 0% to 10.01%, depending on loan amount
  • Construction: 20%

Pros and cons of buying a home through TD Bank

TD Bank has loan options for just about any creditworthy borrower, but there are a few drawbacks to consider.


  • Good loan selection, including options for low-income borrowers and medical professionals
  • Payment calculator shows loan options and interest rate quotes
  • Online mortgage application
  • 24/7 customer service


  • Website doesn’t have many details about most home loan types
  • Only serves states on the East Coast
  • No relationship discount for borrowers with other TD Bank accounts

While you can’t get a home loan from TD Bank with Credible, we make shopping for mortgages and finding a great mortgage rate easy — you can compare all of our partner lenders and see prequalified rates in as little as three minutes.

Credible makes getting a mortgage easy

  • Instant streamlined pre-approval: It only takes 3 minutes to see if you qualify for an instant streamlined pre-approval letter, without affecting your credit.
  • We keep your data private: Compare rates from multiple lenders without your data being sold or getting spammed.
  • A modern approach to mortgages: Complete your mortgage online with bank integrations and automatic updates. Talk to a loan officer only if you want to.

Find Rates Now

TD Bank mortgage refinancing review

Best for:

  • Borrowers with a home located in one of the 15 states TD Bank serves
  • Lower-income homeowners
  • Homeowners who want to renovate their home

TD Bank offers rate-and-term refinances and cash-out refinances. A rate-and-term refinance can reduce your monthly payment or help you pay your loan off sooner, while a cash-out refi lets you borrow more than you need to pay off your existing mortgage and use the difference however you’d like.

Construction loans and Medical Professional Mortgages are both available as refinance loans, as are conventional, jumbo and government and low-income loans.

If you want to access your equity but don’t think a cash-out refinance is the right move, TD Bank also has home equity loans and home equity lines of credit (with a fixed-rate option) available.

Mortgage programsConventional, FHA, VA, USDA, jumbo, Medical Professional, construction
Fixed-rate loan terms15 or 30 years
Adjustable-rate loan terms3/1, 5/1, 7/1, 10/1
Rates and feesRates and fees depend on loan type, loan amount, location, and your creditworthiness
Min. credit score620

Pros and cons of refinancing through TD Bank

TD Bank’s choice of refinance loans is essentially the same as its purchase loans, so you get a good selection for a variety of circumstances, with few drawbacks.


  • Good selection of loan programs
  • Payment calculator lets you weigh options before contacting a mortgage rep
  • Home equity loans and lines of credit also available


  • Website has little information about refinancing
  • Limited availability

How does TD Bank stack up?

TD Bank mortgage reviews like this one can give you a good idea of the products and services the bank provides. However, it’s also helpful to compare other banks.

If you like the idea of taking out a mortgage loan from a large bank, you might also consider U.S. Bank. In addition to a comprehensive loan selection, U.S. Bank mortgages are available in all 50 states, and it offers perks for customers who have other accounts at the bank.

Carrington Mortgage also has features in common with TD Bank, including non-qualified loans for borrowers with high debt-to-income ratios or who want to use alternative income documentation.

Credible lets you get personalized loan rates by filling out just one form. Although TD Bank is not affiliated with Credible, you can check rates from all of our partner lenders without affecting your credit score.

About the author
Daria Uhlig
Daria Uhlig

Daria Uhlig is a contributor to Credible who covers mortgage and real estate. Her work has appeared in publications like The Motley Fool, USA Today, MSN Money, CNBC, and Yahoo! Finance.

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