Mortgages and Affordable Home Loan Options

Find out which lending option works for your financial needs and goals, whether you are buying or refinancing.
Explore TD Bank mortgages and affordable home loans
Loan options
What you'll get…

Fixed-rate mortgage

  • Same monthly payment for the life of the loan
  • A good option for long-term homeowners

Adjustable rate mortgage (ARM)

  • Low monthly payments at the beginning of the loan
  • Ability to switch to a fixed rate
  • A good option for short-term homeowners

Construction mortgage

  • Only one closing at start of construction
  • Converts to permanent mortgage after construction phase

Affordable home loans

Jumbo loan

  • Borrow more than $453,100
  • Use loan to buy or refinance
  • Fixed or adjustable rate options

Government loan

  • Lower down payment (less than 20%)
  • May be a good option for first-time homebuyers and U.S. veterans

Lower monthly payment

  • Free up money that you can save, invest or use for other expenses
  • Option to refinance to a lower rate or a longer term

Get cash out

  • Pay off debt, cover a major purchase or finance other goals
  • Use the equity in your home to secure a new mortgage

Pay off loan sooner

  • Reduce your total interest payment if you pay off the loan sooner
  • Switch to a shorter-term mortgage

Compare Affordable Home Loans

If you want a down payment as low as 3%, our affordable loan programs can help.


Compare Affordable Home Loans item 1
Mortgage Term
30- or 15-year fixed-rate
Mortgage Insurance (MI)
Affordable and cancelable monthly1
Minimum Borrow Contribution

1 unit properties:3% can come from gift funds

2-4 unit properties:3% of your own funds2

Homebuyer Education
Required by an approved provider for purchases only

TD Right Step Mortgage

Compare Affordable Home Loans item 2
Mortgage Term
30-year fixed-rate
Mortgage Insurance (MI)
No borrower-paid insurance
Minimum Borrow Contribution
3% of your own funds
Homebuyer Education
Required by an approved provider

FHA loan

Compare Affordable Home Loans item 3
Mortgage Term
TD offers 30-year fixed-rate
Mortgage Insurance (MI)
Maximized to provide the lowest monthly payment
Minimum Borrow Contribution
3.5% can come from gift funds
Homebuyer Education
Not required

Get started with a TD Bank Mortgage

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TD Bank Mortgage Loans

Whether you're buying or refinancing, we have the right loan for you

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