TD Bank
Is Part of RateShop Mortgage's Trusted Canadian Lender Network
TD Bank: Unlock the Best Mortgage Rates with RateShop Mortgage
TD Bank: Unlock the Best Mortgage Rates with RateShop Mortgage
History as a Mortgage Lender in Canada
Founded in 1855, TD Bank (Toronto-Dominion Bank) is one of Canada's "Big Five" banks and a leading mortgage lender. TD ranks among the top 10 North American banks by assets, serving over 27 million customers worldwide. With a long history of stability and innovation, TD offers competitive mortgage products backed by strong financial ratings.
Types of Mortgage Products & Programs
TD Bank provides a wide range of mortgage options under both residential and commercial categories:
Residential Mortgages:
Fixed-Rate Mortgages: Terms from 1 to 10 years with predictable payments.
Variable-Rate Mortgages: Competitive rates that change with the market.
TD Home Equity FlexLine: Combine a mortgage with a HELOC for flexible access to home equity.
First-Time Home Buyer Programs: Special incentives and lower down payment options.
Portable Mortgages: Transfer your mortgage if you move.
Residential Mortgages:
Fixed-Rate Mortgages: Terms from 1 to 10 years with predictable payments.
Variable-Rate Mortgages: Competitive rates that change with the market.
TD Home Equity FlexLine: Combine a mortgage with a HELOC for flexible access to home equity.
First-Time Home Buyer Programs: Special incentives and lower down payment options.
Portable Mortgages: Transfer your mortgage if you move.
Commercial Mortgages:
Commercial Property Financing: For office buildings, retail spaces, and industrial properties.
Multi-Residential Financing: Loans for apartment buildings or condo developments.
Construction Loans: For development projects or major renovations.
Commercial Mortgages:
Commercial Property Financing: For office buildings, retail spaces, and industrial properties.
Multi-Residential Financing: Loans for apartment buildings or condo developments.
Construction Loans: For development projects or major renovations.
Minimum Credit & Income Requirements
TD Bank's flexible lending policies include:
Credit Score: Minimum of 650 for most residential products.
Income Requirements:
Salaried Employees: Proof of income (T4s, pay stubs).
Contract Employees: Proof of consistent contract work over 2 years.
Self-Employed Borrowers: Provide NOAs for the past 2 years and business financials.
Stated Income Program: Available for self-employed applicants with a minimum down payment of 20%.
First-Time Home Buyers: Eligible with as little as 5% down with mortgage insurance.
TD Bank's flexible lending policies include:
Credit Score: Minimum of 650 for most residential products.
Income Requirements:
Salaried Employees: Proof of income (T4s, pay stubs).
Contract Employees: Proof of consistent contract work over 2 years.
Self-Employed Borrowers: Provide NOAs for the past 2 years and business financials.
Stated Income Program: Available for self-employed applicants with a minimum down payment of 20%.
First-Time Home Buyers: Eligible with as little as 5% down with mortgage insurance.
We'll find great rates like this one from one or our several lending partners across Canada.
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It is our job to get your lowest possible rate. Your rate qualification depends on certain factors, such as credit score and home equity as per regulations.
*Advertised rates may not be offered by this lender. Mortgage lender offers are aggregated by RateShop & its Brokerage Network subject to change without notice. Speak with our mortgage broker about APR and qualification requirements.
Mortgage Underwriting Criteria for Approval
TD's underwriting process evaluates:
Debt-to-Income (DTI) Ratio: Should not exceed 42%.
Loan-to-Value (LTV): Up to 95% for insured mortgages; 80% for conventional loans.
Stress Test: Applicants must qualify at the greater of the Bank of Canada’s benchmark rate or the contract rate plus 2%.
TD's underwriting process evaluates:
Debt-to-Income (DTI) Ratio: Should not exceed 42%.
Loan-to-Value (LTV): Up to 95% for insured mortgages; 80% for conventional loans.
Stress Test: Applicants must qualify at the greater of the Bank of Canada’s benchmark rate or the contract rate plus 2%.
Locations Serviced and Branch Presence in Canada
TD has an extensive branch network with over 1,000 locations across Canada, including major urban and rural areas. They offer coast-to-coast mortgage services with specialized mortgage advisors in each region.
Mortgage Application Checklist
To apply for a TD Bank mortgage, you’ll need:
Government-issued ID
Proof of income: Pay stubs, T4s, NOAs, or business financials
Credit report: Accessed directly by TD
Property details: Purchase agreement or MLS listing
Down payment verification: Bank statements showing available funds
To apply for a TD Bank mortgage, you’ll need:
Government-issued ID
Proof of income: Pay stubs, T4s, NOAs, or business financials
Credit report: Accessed directly by TD
Property details: Purchase agreement or MLS listing
Down payment verification: Bank statements showing available funds
How to Start a Mortgage Pre-Approval
Contact a RateShop Mortgage Broker: Personalized service and access to TD's competitive rates.
Submit required documents: Income, credit history, and property information.
Receive your pre-approval: Valid for up to 120 days, helping you plan your home purchase confidently.
Contact a RateShop Mortgage Broker: Personalized service and access to TD's competitive rates.
Submit required documents: Income, credit history, and property information.
Receive your pre-approval: Valid for up to 120 days, helping you plan your home purchase confidently.
How to Get Mortgage Rates
Online: Visit RateShop’s website for real-time TD Bank mortgage rates.
Through a Broker: RateShop brokers negotiate exclusive rates with TD.
In Branch: Meet a TD mortgage specialist for personalized rate quotes.
Online: Visit RateShop’s website for real-time TD Bank mortgage rates.
Through a Broker: RateShop brokers negotiate exclusive rates with TD.
In Branch: Meet a TD mortgage specialist for personalized rate quotes.
Mortgage Pre-Payment Options
TD offers flexible pre-payment features to help pay off your mortgage faster:
Annual Lump-Sum Payments: Pay up to 15% of the original mortgage amount each year without penalty.
Increase Regular Payments: Boost monthly payments by up to 100%.
Double-Up Payments: Make extra payments equal to your regular installment.
TD offers flexible pre-payment features to help pay off your mortgage faster:
Annual Lump-Sum Payments: Pay up to 15% of the original mortgage amount each year without penalty.
Increase Regular Payments: Boost monthly payments by up to 100%.
Double-Up Payments: Make extra payments equal to your regular installment.
With a strong reputation for reliability and a diverse range of mortgage solutions, TD Bank, in collaboration with RateShop Mortgage, provides tailored options to meet the needs of every homebuyer. Start your journey to the best mortgage rates today!
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Contact Information
6 Indell Lane, Brampton ON L6T 3Y3, Canada
Local: 416-827-2626
Toll: 800-725-9946
RateShop Inc. is a Mortgage Brokerage offering lowest mortgage rates to Canadians. We are provincially licensed in the following provinces: Mortgage Brokerage Ontario FSRA #12733, British Columbia BCFSA #MB600776, Alberta RECA #00523056P, Saskatchewan FCAA #00511126, PEI #160622, New Brunswick FCNB #88426, Newfoundland/Labrador. Our Quebec Mortgage Transactions are serviced by Orbis Mortgage Group AMF# 181136.
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