The following are the minimum eligibility criteria for obtaining an Aven card. This is not an exhaustive list and more criteria may be added in the future. Meeting the minimum criteria does not guarantee an approval.
All signers (applicants and/or co-owners) must be at least 18 years of age or older and complete an application
All signers must possess valid government issued identification documents specified by Aven
For applications using primary residences, the applicant (and co-applicant if there is one) needs to be a US resident, have a FICO score of at least 620, a VantageScore of at least 640, a combined loan to value under 89%, and demonstrate a sufficient income.
For applications using second homes or investment properties, there are additional requirements.
For lines above $100,000, borrowers need to provide proof of insurance and proof of adding Aven/Coastal Community Bank as a beneficiary on the policy
The Aven Card is a secured line of credit, with a 1st or 2nd lien on property owned by the borrower(s). If you already have two existing liens on your property, Aven cannot approve you for an Aven Card
Aven's bank-standard underwriting system is fully automated and generates an offer based on an applicant's income, equity, credit, and debt obligations.