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TD Bank offers mortgages to buyers all over the country. From loans for first-time home buyers to loans specifically created for refinancing, there’s always a loan available for you when you need it. All you need is to meet the minimum credit requirements and to have verifiable income to qualify for a mortgage with TD Bank. The application process is simple, and you can do it online or in person. With an online loan application, you have your answer almost immediately. The pre-qualification process is simple, and you know what you can afford before you shop.

Knowing what you can afford in terms of a new home is imperative, because you must know what’s available to you. There are additional expenses associated with home ownership, and those are not usually considered when you apply for a mortgage. TD Bank lenders help you understand what might be added to your monthly expenses based on your home, the rates, and the other expenses associated with it. Before you decide on a mortgage, you should get to know what’s available to you and the rates being offered by TD Bank.

Rates

The best rates available from TD Bank right now are 4.125% to 4.186%. Other rates are available to buyers who might not have perfect credit, and the rates can get much higher. These are the competitive rates currently being offered. This rate is offered to anyone with excellent credit, and it’s good for 60 days. It can change at any time between now and your loan application being submitted and approved.

mortgageYour interest rate depends on several factors. This rate is only available to buyers with a credit score of 740 or higher, and other factors can affect this rate even if your score is high enough.

  • The type of house you buy
  • The value of the house
  • The cost of the house you want
  • Subordinate financing
  • Appraised value of the home
  • Occupancy
  • The type of loan you apply for

Before you apply for a loan, get to know the rates associated with your personal credit profile. TD Bank loan officers are there to help you answer questions you might have, such as how much you can borrow and for what rate. When you know which rates are available for which types of loans and your credit score, you can more easily apply for the loan that works well with your financial profile.

Types of Loans Available

TD Bank offers a myriad of loans for mortgages, and you get to choose the one that works best for you.

  • mortgageFixed rate mortgage
  • Adjustable rate mortgage
  • Jumbo mortgage
  • Government loan
  • Affordable mortgage
  • Refinance
  • Consolidation

Each loan type comes with its own set of circumstances and requirements. A Jumbo loan is only available to buyers spending more than $417,000 on a home. A government loan is available to those who don’t want to pay the recommended and required 20% down payment. Adjustable rate mortgages are low for now, but they can change with the market at any time during the course of your loan.

Rates are different based on loan types. The more you put down, the more you make, and the higher your credit score means the lower your rate is going to be. This is the best way to save money and allow yourself to live more comfortably as a new homeowner. If you’re looking to refinance, buy a home, or consolidate debt with a new mortgage, check out the rates at TD Bank for an idea of where you stand and what you’ll pay.