Business Wire·Nov 12, 2026, 10:00 AM ET

Newrez Launches Personal Loans, Powered by Upgrade, Giving Homeowners More Ways to Achieve Their Financial Goals

Newrez launched "Newrez Personal Loans" through a partnership with financial technology company Upgrade.
Personal loans are issued by Upgrade's bank partner, Cross River Bank, and are available to eligible Newrez homeowners.
The program allows borrowers to access funds for debt consolidation, home improvements, and unexpected expenses without using their home as collateral.
Qualified borrowers can receive funding in as little as one business day.
Pre-qualified offers involve a no-impact credit check that does not affect the borrower's credit score.
The loan terms include no prepayment fees and no changes to an existing mortgage.
A recent Newrez survey found that 51% of homeowners carry credit card debt, with 59% stating the debt negatively affects their finances.
Research indicates 71% of homeowners with credit card debt have reduced spending or saving due to their debt burden.
The launch aims to help homeowners with an average balance of $6,519 save nearly $1,200 in interest compared to credit card payments over a three-year period.
The survey methodology involved 2,203 U.S. adults conducted by Morning Consult from June 12–14, 2026.
Personal loans are currently not available in Arizona, California, Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Oregon, Pennsylvania, Vermont, Virginia, Washington, West Virginia, or Wisconsin.