TD Bank HELOC Review

Major-bank HELOC with no closing costs on lines up to $500,000 and a 0.25% discount for TD checking customers.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.

Our verdict

Eastern homeowners who want a branch behind their HELOC fit TD: there are no closing costs on lines up to $500,000, and TD personal checking customers get a 0.25% rate discount. It's offered in only 15 eastern states plus DC, base rates run higher than credit unions, and there's a $99 origination fee plus $50 a year after year one. Compare a credit union line first.

Skip it if you live outside its 15 eastern states plus DC, or if you'd rather chase a credit union's lower rate.

About TD Bank HELOC

Major-bank HELOC with no closing costs on lines up to $500,000 and a 0.25% discount for TD checking customers. TD Bank HELOC is offered by TD Bank, N.A. Our editorial rating is 4.1 out of 5.

Best for: Branch-access HELOC in eastern states.

Editorial grade: B+ (composite score 82/100).

Highlights

No closing costs, $50 annual fee after year one
0.25% rate discount with a TD personal checking account
Rate lock option on portions of balance

What we like

No closing costs on lines up to $500,000
Branch access for in-person support
Partial rate-lock flexibility

Where it falls short

Higher base rates than credit unions
Only available in 15 eastern states + DC

Fees, minimums, and rates

Monthly fee: $99 origination + $50 annual fee. Minimum to open: $25,000. Current APY: 6.59%. Rates and fees last checked on September 29, 2026.

How we reviewed it

This is a desk review: we have not opened an account with TD Bank, N.A.. It is built from TD Bank, N.A.'s published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the HELOC shortlist. The rubric is the same for every brand.

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Read our full editorial methodology for how we review products.