Which Aven product is right for me?

Interested in a home equity line of credit (HELOC)?

Whether you're planning a major renovation, consolidating higher interest debt, or looking for improved financial flexibility, Aven offers two powerful ways to tap into your home equity: the Aven Home Equity Card and Aven Home Equity Cash.

Both options come with much lower rates compared to traditional credit cards and personal loans, but which one best fits your needs?

At a Glance: Home Equity Card vs. Home Equity Cash

Aven offers two versions of our Home Equity Card:

Our most popular is the Aven Home Equity Card — a line of credit you can access through a Visa® card for everyday purchases. You can also do cash outs and balance transfers. There is no requirement to use any of the money, and, if you do, you only pay back for what you use.¹

The Aven Home Equity Cash product works more like a traditional loan – you’re required to cash out your full credit limit upfront and then repay it over time as a fixed-rate loan with fixed monthly payments over 5, 10, 15, or 30 years. There’s also a line of credit that you can access as you pay down the fixed-rate loan balance.²

Both versions come with 2% unlimited cash back rewards for purchases made using the Aven Visa® Card.

Which home equity product is better for me?

That typically depends on how or when you plan to use the funds.

If you have a specific need in mind, the Aven Home Equity Cash product may be a better fit. It requires cardholders to draw the full line upfront into a fixed payment plan when the account is opened and typically offers lower APRs, lower monthly payments, and higher line sizes than the Aven Card product.

This upfront draw comes with a slightly higher fee (4.9%¹) than the Aven Home Equity Card product (2.5%²), however the fee is only paid once on the upfront draw. This means all subsequent or future draws will not have a fee (the fee is only paid for the first upfront draw!).

If you don't have an immediate plan to use any of the funds, the Home Equity Card product has no minimum required draws and comes with a slightly lower draw fee (2.5% vs 4.9%). However, cardholders pay the 2.5% fee on every cash out or balance transfer draw. If you don't intend to use the funds and rather simply want access to a line of credit in case you need it, the Home Equity Card product may be a better fit.

Summary Feature Comparison

Feature	Aven Home Equity Card	Aven Home Equity Cash
Description	Flexible like a credit card	Works more like a traditional loan
Access to Funds	Only pay for what you use	Draw entire amount upfront
Limits	Up to $400,000	Up to $400,000, generally higher than on Home Equity Visa Card
Rates	Variable APR, with options for fixed monthly payments for cash outs and balance transfers	Rates generally lower than Home Equity Card Upfront fixed APR, with predictable monthly payments — set when you draw
Annual, Appraisal, and Notary Fees	$0	$0
Origination Fee	$0	$0
First-draw Fee	$0	4.9% first-draw fee
Transfer Fee	2.5% cash out and balance transfer fee	0% on subsequent cash outs and balance transfers
Ideal for	Flexible spending, ongoing needs	Known expenses now, prefer fixed monthly payments

Still not sure?

We’re here to help. Contact our support anytime. Our team is happy to help you understand your options and walk you through the best fit for you — without impacting your credit score.

Final Thoughts

You’ve worked hard to build equity in your home. At Aven, we believe you deserve credit for what you own. Whether you need flexibility, predictability, or both, there’s a smart way to put your equity to work.

Check your rate today and find the product that fits you best.

Aven Home Equity Card is a home equity line of credit featuring fixed rate plans and a variable rate revolving line of credit, each with its own annual percentage rate (“APR”). APR is the cost of credit as a yearly rate and does not include costs other than interest. The variable APR for the revolving line of credit is based on the prime rate published by the Wall Street Journal in its Money Rates section (“Index”) plus a margin that takes into account your creditworthiness, collateral value, etc. The Index as of August 7th, 2025 was 7.50%. Best rates for most qualified borrowers on primary residences. The fixed APR for fixed-term plans (aka Aven Simple Loans) is based on your variable APR and other factors at the time you agree to the Aven Simple Loan. The fixed APR will not change during the loan’s term. For cash outs and balance transfers, there is an up to 2.5% fee on the amount transferred. Based on your property’s location, there may be recording fees and attorney’s fees. You are responsible for all attorney’s fees. See Pricing & Terms for details. Terms are subject to change. See Cash Back Terms & Conditions for details. Some restrictions apply. Your applicable APR assumes a 0.25 percentage point discount for enrolling in AutoPay within 25 days after account opening and then staying enrolled. You are not required to enroll in AutoPay. See AutoPay Terms & Conditions for more details and restrictions.
Aven Home Equity Cash is a home equity line of credit featuring fixed rate plans and a variable rate revolving line of credit, each with its own annual percentage rate (“APR”). APR is the cost of credit as a yearly rate and does not include costs other than interest. The variable APR for the revolving line of credit is based on the prime rate published by the Wall Street Journal in its Money Rates section (“Index”) plus a margin that takes into account your creditworthiness, collateral value, etc. The Index as of August 7th, 2025 was 7.50%. Best rates for most qualified borrowers on primary residences. The fixed APR for fixed-term plans (aka Aven Simple Loans) is based on your variable APR and other factors at the time you agree to the Aven Simple Loan. The fixed APR will not change during the loan’s term. An upfront cash out of the full credit line is required. For initial cash outs and balance transfers, there is an up to 4.9% fee on the amount transferred. Subsequent cash outs and balance transfers have a 0% fee on the amount transferred. Based on your property’s location, there may be recording fees and attorney’s fees. You are responsible for all attorney’s fees. See the Pricing & Terms for details. Terms are subject to change. See Cash Back Terms & Conditions for details. Your applicable APR assumes a 0.25 percentage point discount for enrolling in AutoPay within 25 days after account opening and then staying enrolled. You are not required to enroll in AutoPay. See AutoPay Terms & Conditions for more details and restrictions.

Aven Financial, Inc. (dba “Aven” or (“Aven Card” in AR, ID, and PA)) NMLS#2042345. Subject to credit and property approval. The Aven Visa Credit Card is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A., Inc. Aven accounts are made by Coastal Community Bank, Member FDIC. NMLS #462289. Terms & conditions apply. Line sizes may vary per state. Visit Aven.com for more details. Equal Housing Lender.