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Side-by-side comparison
| Feature | Figure HELOC | Aven |
|---|---|---|
| Products | HELOC (fixed, with variable options on some products), crypto-backed loan, cash-out refinance | Home Equity Visa Card (revolving) and Home Equity Cash (fixed-rate HELOC) |
| How you access money | Full approved amount at closing; repaid principal can be redrawn for 5 years | Card: draw as needed. Home Equity Cash: lump sum |
| Maximum combined LTV | 85% | Up to about 89% |
| Upfront fee | Origination fee up to 4.99% | No origination or annual fee on the card; LendEDU reports a 4.90% first-draw fee on Home Equity Cash |
| Funding speed | As few as 5 business days | As few as 3 days, per NerdWallet |
| Minimum credit score | 600 | Not published; reviewers note 720+ improves approval odds |
| Extras | Online closing with eNotary | 2% cash back on card purchases; lowest-rate guarantee (beat a competing offer or pay $250) |
| Availability | 49 states + DC | About 43 states |
How the two products really differ
The biggest difference is how you draw money. The Figure HELOC funds the entire line at closing, so interest starts on the full balance, as explained in our full draw guide. Aven's Home Equity Visa Card works more like a traditional HELOC: you borrow only what you use and pay interest only on that balance. Aven's separate Home Equity Cash product is a fixed-rate lump sum that closely resembles Figure's HELOC.
On cost, both lenders charge a significant one-time fee on lump-sum products. Figure's origination fee is up to 4.99%, and LendEDU reports a 4.90% first-draw fee on Aven Home Equity Cash. The card itself carries no origination or annual fee, which makes it cheaper for small or occasional draws.
Who should choose Figure
- You know the exact amount you need, such as a debt payoff or a fully priced renovation.
- Your credit score is between 600 and 700, where Figure's published minimum gives you a better shot.
- You live in a state Aven does not serve.
- You are also considering a crypto-backed loan or cash-out refinance from the same lender.
Who should choose Aven
- You want to draw small amounts over time and pay interest only on what you use.
- You have strong credit and want a higher combined LTV of up to about 89%.
- You want a rate-match guarantee to use as leverage.
- You are disciplined with a card, since easy access can make overspending tempting.
FAQs
Is Aven cheaper than Figure?
Which lender funds faster?
Can I get a fixed rate with both?
Sources: LendEDU Aven and Figure HELOC reviews (2026), NerdWallet Aven HELOC review (January 2026), SuperMoney Aven Home Equity Cash review (May 2026), Figure Lending published disclosures.
Our team researches home equity products using lender disclosures, NMLS records, CFPB data, and independent reviews. Every figure is fact-checked before publishing and pages are re-reviewed regularly. Our editorial standards · Report an error