TD Bank
Mortgage

TD Bank Mortgage

FDIC InsuredVerified · May 2026Rate verified by SwitchWize
Rates from
5.77%
APR · Updated Jun 13
Apply Now
SwitchWize take
Best for

Canadian homebuyers wanting a major bank with flexible prepayment options and specialist-guided advice.

Avoid if

U.S. borrowers, or anyone needing transparent published rates before speaking to a banker.

Main catch

This submission is a fundamental mismatch for SwitchWize's U.S. rate-comparison platform on two levels. First, the product page is from TD Canada Trust — a Canadian institution operating under Canadian mortgage regulations, the OSFI stress test, and CDIC deposit insurance. It is not the U.S.-chartered TD Bank, National Association (FDIC cert 18409, Wilmington, DE), which does originate U.S. mortgages. Second, every rate field on the page rendered as a blank placeholder — no actual interest rates, APRs, or TD Mortgage Prime Rate were captured. This means no meaningful rate comparison against the U.S. mortgage category average or Fed Funds Rate (currently 3.63%) is possible. SwitchWize's database does not carry a VERIFIED_APY for this submission, consistent with the empty page data. Until a properly scraped U.S. TD Bank mortgage rate page is submitted, this product cannot be ranked, scored, or compared. Recommend flagging for re-scrape against td.com/us or the U.S. TD Bank mortgage portal, and confirming whether the target product is a fixed-rate, ARM, or HELOC before resubmission.

What to verify before applying

Request a Loan Estimate (federal form) to compare the full APR, not just the rate. Confirm all origination fees and closing costs.

Last checked

Jun 13, 2026

Data source

SwitchWize Research Desk · methodology

Pros
  • No monthly maintenance fee
  • FDIC insured up to $250,000
Mortgage Rate Options
Loan TypeAPR
30-Year Fixed6.39%
15-Year Fixed5.77%
Account Features
Published RateNot available — page rendered with empty placeholders(Rate table fields for 3-yr fixed, 5-yr fixed, 5-yr variable, and TD Mortgage Prime Rate all returned blank)
Mortgage Types Offered3-Year Fixed Closed, 5-Year Fixed Closed, 5-Year Fixed Closed High-Ratio, 5-Year Variable Closed
Rate Hold (Pre-Approval)120 days
Prepayment Privilege (Closed)Up to 15% of principal annually without prepayment charges
Prepayment Privilege (Open)100% without prepayment charges
Payment Skip OptionEquivalent of one monthly payment per year; conditions apply, interest continues to accrue
Cashback OfferUp to $5,100 cashback on new TD mortgage; expires August 31, 2026; conditions apply
High-Ratio EligibilityLess than 20% down payment, property under $1,500,000, must purchase mortgage default insurance
APR Basis (Disclosed)$300,000 mortgage, 25-year amortization, monthly payments, $300 property valuation fee
Max Amortization (Special Rate)25 years
Property Type (Special Rate)Already-built, owner-occupied, first priority mortgage
Optional InsuranceTD Mortgage Protection — covers death or covered critical illness; underwritten by TD Life and Canada Life
JurisdictionCanada (TD Canada Trust) — this is not a U.S. product page
Fees
Property Valuation Fee$300 (assumed for APR calculation purposes)
Requirements
Property StatusMust be an already-built, owner-occupied residential property to qualify for special rates
Mortgage PriorityMust be a new first priority mortgage
Amortization25 years or less required for special rate eligibility
Credit CriteriaMust meet TD Canada Trust credit granting criteria
High-Ratio RequirementDown payment under 20% on property under $1,500,000 requires mortgage default insurance
Stress TestCanada mortgage qualification rules (stress test) apply; specific threshold not stated on page
How to Open

Call TD Mortgage Direct or book a branch appointment online. A TD Mortgage Specialist will match you to a product and provide live rates. Pre-approval can lock a rate for 120 days.

The SwitchWize Take

This submission is a fundamental mismatch for SwitchWize's U.S. rate-comparison platform on two levels. First, the product page is from TD Canada Trust — a Canadian institution operating under Canadian mortgage regulations, the OSFI stress test, and CDIC deposit insurance. It is not the U.S.-chartered TD Bank, National Association (FDIC cert 18409, Wilmington, DE), which does originate U.S. mortgages. Second, every rate field on the page rendered as a blank placeholder — no actual interest rates, APRs, or TD Mortgage Prime Rate were captured. This means no meaningful rate comparison against the U.S. mortgage category average or Fed Funds Rate (currently 3.63%) is possible. SwitchWize's database does not carry a VERIFIED_APY for this submission, consistent with the empty page data. Until a properly scraped U.S. TD Bank mortgage rate page is submitted, this product cannot be ranked, scored, or compared. Recommend flagging for re-scrape against td.com/us or the U.S. TD Bank mortgage portal, and confirming whether the target product is a fixed-rate, ARM, or HELOC before resubmission.

Common Questions
What is the difference between a mortgage interest rate and APR?

The interest rate is what the lender charges to borrow the principal. APR (annual percentage rate) folds in lender fees, origination charges, and points into one comparable number. Always compare APR when shopping lenders — a low rate with high fees can cost more than a slightly higher rate with lower fees.

What credit score do I need to qualify?

Most conventional mortgages require a minimum 620 FICO score; FHA loans allow as low as 580 with 3.5% down. Higher scores unlock lower rates — a 40-point difference can shift your rate by 0.25–0.50%.

How long does mortgage underwriting take?

Most purchases close in 30–45 days from application; refinances typically take 30–60 days. A pre-approval (full credit and income check) can be done in 1–3 business days at most lenders.

Rates are sourced from Bankrate and verified by SwitchWize. SwitchWize may earn a referral fee when you click through to a partner. Content is for informational purposes only and does not constitute financial advice. Verify current rates directly with the institution before opening an account.