Home Equity Loans and Lines of Credit Process

Here's what you can expect during the home equity loan and line of credit process – from application to closing.

Applying for a TD Home Equity Line of Credit

Here's what to expect from our online application process.

You can apply online for a TD Home Equity Line of Credit
We will ask questions about the properties you own, your income and your expenses. Once we receive your application, we'll contact you if we need any additional information
We'll let you know if you've met our lending requirements
We'll send you your HELOC estimate in the mail. If we need to request additional information, we'll contact you. For a list of required documents, download our checklist
And then schedule your required property evaluation
This may include an appraisal with an interior inspection. If an interior evaluation is required, your lending specialist will contact you to discuss how that will get set up

Here's what to expect when you apply with one of our home lending specialists.

Schedule a call to start your home equity loan application
Fill out our secure online form to schedule a call with a TD home lending specialist. When you talk, they will walk you through the application and answer any questions you might have
We'll let you know if you've met our lending requirements
We'll mail your loan estimate within 3 business days after your application is received. If we need additional information, we'll contact you. For a list of required documents, download our checklist
And then schedule your required property evaluation
This may include an appraisal with an interior inspection. If an interior evaluation is required, your lending specialist will contact you to discuss how that will get set up

What to expect during the underwriting, commitment and closing for your TD Bank Home Equity Loan or Line of Credit.

A loan underwriter will review your financial profile
The underwriter will compare it to the home equity loan requirements and guidelines for your chosen loan or line of credit. If approved, you will receive a written commitment of terms and conditions
With the written commitment, we can process your lending option
Processing may include: the verification of your financial information, collection of documents to satisfy conditions of the commitment, and a review of the appraisal of the property
Closing on your TD Bank Home Equity Loan or Line of Credit
You'll meet with the lender and anyone else needed to finalize the transaction to sign paperwork and arrange for the loan to be disbursed to you. You must close at a TD location of your choice