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  1. Aven
  2. Home Equity
  3. Before You Apply

Before You Apply

  • Debt Protection
  • Is Aven a credit card or a home equity line of credit?
  • Will the HELOC be secured solely by the dwelling or by the entire property including the land?
  • Is Aven a HELOC or HELOAN?
  • For HELOCs, what types of homeownership vesting does Aven accept?
  • Will applying for both the HELOC and Rewards cards mean two hard credit checks?
  • Can I open another Aven Card on my second property?
  • Will my Life Estate deed affect my application?
  • How soon can previous cardholders reapply?
  • Am I covered by fraud protection if I use Aven?
  • Is a property co-owner responsible to pay back an Aven HELOC account opened by a different co-owner?
  • Will you run another pull on my credit if I re-apply?
  • What happens if I already have a HELOC?
  • Will applying affect or impact my credit score? Do we hard pull both applicants?
  • Any restrictions on buying a house?
  • Are there any credit pulls for account holders?
  • What are the eligibility criteria for applying for the Aven Home Card?
  • Is there a lien on the home?
  • What are the eligibility criteria for applying for Aven?
  • How do you verify income?
  • Can I apply for an Aven HELOC for an investment or rental home?
  • What is a Deed of Trust?
  • Do you accept homes held in a trust or LLC?
  • What if I am self-employed?
  • Is an appraisal of my home required?
  • What is HMDA?
  • Does Aven take a third position lien?
  • Can I pay off an existing HELOC with the Aven Card?
  • What credit score or FICO score do you use?
  • Why do I have to wait the 3 business cancellation or rescission period?
  • Can I apply or be eligible if my home is in a flood hazard zone?
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