Aven Reviews

Aven utilizes technology such as automated valuation models (AVMs) to evaluate applicants’ home equity and creditworthiness. Aven claims this type of technology can simplify the process of accessing and managing home equity funds, promising a quick pre-qualification process.

It offers a home equity-backed credit card option with flexible repayment terms.

Aven is licensed in several states across the U.S. but is unavailable in Hawaii, Indiana, Massachusetts, Missouri, Nevada, New York and Utah. It restricts credit card limits to  $100,000 in Alaska, Idaho, Louisiana, New Mexico, Oklahoma, South Dakota and Wyoming.

To apply for an Aven credit card, visit the official Aven website. The process can be as fast as 15 minutes from start to finish and includes these steps:

1. Check offer: Answer a few simple questions to quickly confirm your identity and home. Checking your offer does not affect your credit score.
2. Confirm income: Choose a flexible and simple method to verify your income instantly by linking your bank account or submitting pay stubs. For some applicants, this step is automatically completed using the website’s built-in income verification tools.
3. Schedule digital signing: Once credit approval is granted, you’ll schedule a fully digital document signing with Aven’s connected notary service.

Note: Aven does not operate or offer products in all states. Availability depends on your location.

Aven offers a credit card designed to help homeowners access the value of their home equity. The table below details the most important key information. Note, this table is not intended to convey all features, benefits or requirements and is accurate as of the time of publishing.

Aven credit card features

Aven boasts a straightforward fee structure for its products, claiming to focus on minimizing costs for its customers.

For the Aven card, there are no annual, origination or appraisal fees associated with obtaining the card. However, there is a 2.5% transfer fee for cash withdrawals to a bank account and balance transfers from other high-interest debts.

Customers should be aware of these fees and read documents closely when considering their options, as they can affect the overall cost of borrowing against their home equity.

Yes, Aven Financial, Inc. is a legitimate financial technology company based in California. It is registered with the NMLS (#2042345) and holds state-level licenses to operate in most states, though not all. Aven offers a home equity-backed credit card, combining elements of HELOCs with the convenience of a revolving credit line.

Aven partners with Coastal Community Bank, Member FDIC, to issue its Visa credit cards. Its technology-based underwriting helps streamline applications and accelerate funding decisions. Aven also states that it uses confidentiality agreements and security measures to protect customer data.

Borrowers seeking a flexible alternative to traditional HELOCs may find Aven appealing due to its digital-first platform and no-fee structure.