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  1. On Friday, July 26, our call center will be closed beginning at 7 p.m. ET for annual system maintenance. We will reopen for normal business hours on Saturday, July 27, from 10 a.m. to 2 p.m. ET.

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Home Equity Loan

What is the Newrez Home Equity Loan?*

The Newrez Home Equity Loan is our enhanced program built specifically for homeowners to tap into their home equity without giving up their current mortgage or rate.

How does it work?

Put your home to work for you: Get the cash you need. Keep your rate on your existing mortgage.

With a Newrez Home Equity Loan, you gain access to cash at lower rates compared to credit cards or personal loans. And unlike other loans specific to a purchase like an auto loan or student loan, Newrez Home Equity Loan allows you to spend your money, your way – on nearly anything.

Tap Into Your Home Equity today

What to do when you access your home equity?

With this loan, it is your home’s equity – so when you access your money, you can leverage it in the best way for you.

Borrow up to $350K to put toward home projects, renovations, debt consolidation, education expenses, and more. We’ve seen our homeowners often turn to home equity for big milestones and life events, such as a wedding, moving costs, vacation, or other medical expenses.

Thinking about tapping into your home’s equity?

Here’s more to know: A Newrez Home Equity Loan is independent of your existing mortgage, meaning your primary mortgage loan and rate stay the same. How much you may borrow is determined by your lender considering the amount of equity in your home, your credit score, and your debt-to-income ratio. With a Newrez Home Equity Loan, we can lend up to 80% of what your home is worth.

Get Perks:

If you’re an existing Newrez customer, the application process is easier and speedier. After all, we've got history. If you’re new to us, we’ll get you up to speed on the benefits of working with us!

Home Equity Financing

Next Steps:

  • Call 888-673-5521 to speak with one of our mortgage consultants to find a mortgage option that works for you.
  • Stay tuned to our Newrez articles for more information on the homebuying process and helpful mortgage tips.

Find out what you can afford.

Try our suite of calculators and tools to get a better understanding of how your finances impact your options.

*The rate on your existing mortgage will not change. The Newrez Home Equity Loan program requires borrower to obtain a second mortgage at current market rates. Loan amount based on underwriting guidelines. Minimum 660 credit score. Minimum and maximum loan amounts apply. Program financing only available on properties with one existing mortgage lien and subject to maximum loan-to-value ratio. Other terms and restrictions apply. Please contact us for more information.

Why Newrez?

Newrez believes the lending business shouldn't just be about home loans - it should be about homeowners. That's why our employees get to know our customer's real needs, through final closing, and beyond.

Industry leading loan options
Simple pre-qualifications and application processes
Loans for everyone, from seasoned investors to first-time buyers
Putting power back into underserved communities