Program Profile
Aven HELOC
A fully amortizing, fixed-rate home-equity line structure with a five-year draw period. Particularly worth comparing for smaller line amounts, fixed payment preference, and owner-occupied borrowers seeking high CLTV on a smaller line.
Program information last reviewed: October 2026. HELOC underwriting guidelines change frequently. Credit-score thresholds, CLTV limits, line amounts, property rules and available terms shown here are educational snapshots and may change before you apply.
Product Structure
Payment type
Fully amortizing (P+I from day 1 — no interest-only period)
Rate type
Fixed rate
Draw period
5 years
Available terms
5, 10, 15, and 30 years (30-year generally requires line >$25k)
Minimum line
$5,000
Maximum line
Up to $1,000,000 (in strongest credit bucket)
Initial draw
100% of line at origination
Lien positions
First and second liens
Valuation
AVM generally through $400k; full 1004 appraisal generally required above $400k
Important structural note
Because Aven is fully amortizing from day one, the required monthly payment includes both principal and interest immediately. This means the required payment can be higher than an interest-only HELOC at a similar rate — because principal repayment begins immediately. This affects both monthly budget planning and debt-to-income qualification.
Credit & CLTV Summary
August 2026 program snapshot. Approximate ranges — not guarantees. Actual results depend on your specific property, credit profile, and income.
Owner-Occupied
- — Approximately 620–679 FICO: up to about 75% CLTV in the standard matrix.
- — Approximately 680–699: up to about 80% CLTV.
- — Approximately 700–739: up to about 85% CLTV.
- — Approximately 740+: up to about 85% CLTV in the standard larger-line matrix.
- — Selected smaller-line executions can reach approximately 85%–89% CLTV with stronger credit.
- — Strong-credit large-line executions can reach up to approximately $1 million but generally use more conservative CLTV and full appraisal requirements.
Non-Owner Occupied
- — Generally begins around 680 FICO.
- — Around 70%–75% max CLTV depending on score and line size.
The 89% CLTV bucket applies to specific smaller-line, strong-credit, owner-occupied scenarios. It does not apply universally across all borrowers or line sizes.
Credit
- For lines at or below $400,000, current underwriting references Experian FICO 9 and Experian VantageScore 4.
- Co-borrowers have explicit minimum score requirements — both borrowers must meet minimums.
- Large lines over $400,000 have materially tougher tri-bureau credit requirements.
Property Eligibility
Generally eligible
- — SFR
- — Condo
- — 2–4 unit
- — PUD
- — Townhome
Generally ineligible
- — Manufactured housing
- — Co-op
- — Log/geodesic/nonstandard construction
- — High-rise condo (current program)
- — Commercial/agricultural
- — 5+ units
Title & Seasoning
- Individual and eligible personal/revocable trust ownership.
- LLC/business entity vesting generally not eligible.
- Properties purchased within the last 90 days are generally ineligible.
- Non-owner-occupied property generally requires 12 months ownership.
Income
- Automated and linked-account income verification available.
- Rental income is supported.
- Self-employed income can be verified through linked accounts and other documentation.
- Aven can incorporate direct payoff of eligible debts into qualification in appropriate cases.
- Not positioned as a dedicated non-QM bank-statement program.
When Aven Is Worth Comparing
- —Small line amounts — Aven's $5,000 minimum is the lowest among the five programs. If you only need $15,000, a program with a $25,000 or $50,000 minimum probably shouldn't be your first stop.
- —Fixed amortizing payment preferred — if you want a predictable payment that pays down principal from day one.
- —Owner-occupied borrowers with strong credit seeking high CLTV on a smaller line — the 89% CLTV bucket is available in specific smaller-line, strong-credit scenarios.
- —Direct debt payoff may help qualification — Aven can incorporate eligible debt payoff into the qualification analysis.
Do not assume Aven is the right choice without comparing. The AVM Aven accepts for your property may differ from another program's AVM — and that difference can matter as much as the CLTV difference.
See What Aven Actually Produces for Your Property
The matrix above is a starting point. The actual result depends on your property's AVM, your credit profile and your income type.
Shop My HELOC OptionsMorgan Hardy · NMLS #1906208 · Foundation Mortgage