Figure vs. Aven HELOCs: Complete Comparison of Rates, Fees, and Features [2025]

	4.9 View Rates	4.8 View Rates
Rates (APR)	6.50% – 15.50% (fixed and variable)	6.99% – 15.49% (fixed)
Rates (APR)	Rates (APR)
6.50% – 15.50% (fixed and variable)	6.99% – 15.49% (fixed)
Fees	Origination fee of up to 4.99%	First-draw fee of 4.9%
Fees	Fees
Origination fee of up to 4.99%	First-draw fee of 4.9%
Loan amounts	$15,000 – $750,000	$5,000 – $400,000
Loan amounts	Loan amounts
$15,000 – $750,000	$5,000 – $400,000
Funding speed	As few as 5 days	As few as 3 days
Funding speed	Funding speed
As few as 5 days	As few as 3 days
Min. credit score	640, but 720+ advised	640, but 720+ advised
Min. credit score	Min. credit score
640, but 720+ advised	640, but 720+ advised
	See the top-rated HELOCs

Figure and Aven are our highest-rated HELOC lenders here at LendEDU. At first glance, the companies seem very similar. Both are committed to fast HELOC funding and creating an all-digital experience for their customers. However, upon closer look, these companies offer slightly different terms, loan amounts, and draw periods.

Additionally, each company is known for specific innovations, and both offer unique perks that might appeal to different consumers. In this article, we will provide a background on both lenders, share rates, terms, and customer reviews. We’ll also present several scenarios that might resonate with you and suggest which company might be best to choose in each one.

Table of Contents

1. Figure’s HELOC
2. Aven’s HELOC
3. When to choose Figure vs. Aven
   1. Largest loan amounts: Figure
   2. Fastest funding: Aven
   3. Lowest possible APR: Figure
   4. Extra borrower protections: Aven
   5. Highest possible LTV: Aven
   6. Strong digital security: Figure
   7. Seamless, tech-driven experience: Figure
   8. Best customer reviews: Aven
   9. Most established lender: Figure
4. How we rated Figure and Aven

What to know about Figure’s HELOC

Figure is an online lender that simplifies the HELOC process through a fully digital platform. Borrowers can access up to 85% of their home’s value, up to $750,000, and loans of $400,000 or less usually do not require an in-home appraisal. Figure offers both fixed- and variable-rate HELOCs, giving borrowers the choice between predictable payments and flexibility.

Applications are completed online using blockchain, AI, and eNotaries, and funding can arrive in as few as five days. Borrowers must withdraw 100% of the loan amount at closing but can redraw during the two- to five-year draw period, with each redraw having its own fixed rate.

• Rates and fees: APRs range from 6.50% to 15.50%, with an origination fee of up to 4.99%. Borrowers can reduce their rate by using autopay or selecting a higher origination fee.
• Eligibility: Borrowers need good credit, a positive payment history, a low debt-to-income ratio, and sufficient home equity. Figure allows borrowing up to 85% of a home’s value (maximum 85% loan-to-value [LTV] ratio). Availability varies by state.
• Reputation: Figure holds a 4.9/5 rating from LendEDU as Best Overall HELOC, a 4.8/5 on Trustpilot with nearly 4,000 reviews, and a 1.39/5 on the Better Business Bureau (BBB).

What to know about Aven’s HELOC

While Aven is often best known for its Home Equity Visa Card, it also offers a more traditional, fixed-rate HELOC called Aven Home Equity Cash that closely resembles the product offered by Figure.

Aven’s Home Equity Cash HELOC includes a fully digital application that provides an offer in about three minutes and allows online signing and notarization. Borrowers can access between $5,000 and $400,000 with loan-to-value ratios up to 89% and repayment terms of five, 10, 15, or 30 years.

Aven stands out for its Lowest HELOC Rate Guarantee. If you find a lower rate on a competing HELOC within 30 days, Aven will beat it or send you $250. It also offers a Foreclosure Protection Guarantee for eligible borrowers with balances under $10,000, promising not to foreclose for one year even if payments are late.

• Rates and fees: APRs range from 6.99% to 15.49%. Aven charges a first-draw fee of 4.9% and a $29 late fee. Funding may arrive in as little as three days.
• Eligibility: Applicants must be at least 18 years old, meet Aven’s credit and income criteria, and live in an eligible state. Aven allows borrowing up to 89% of a home’s value (maximum 89% LTV).
• Reputation: Aven rates 4.8/5 in our editorial ratings and is recognized for Best Customer Reviews among the best HELOC lenders. It also has a 4.9/5 Trustpilot score with nearly 6,000 reviews, though its BBB score is lower at 1/5.

When to choose Figure vs. Aven

While both Figure and Aven make it easy to tap into your home’s equity through a fast, digital process, the right choice depends on your priorities.

• Figure tends to appeal to borrowers who want higher borrowing limits, a tech-driven experience, or access to both fixed- and variable-rate structures.
• Aven, on the other hand, suits borrowers who value speed, simplicity, and added protections like its Foreclosure Protection Guarantee and Lowest Rate Guarantee.

In short, Figure emphasizes flexibility and technology, while Aven focuses on predictable payments and customer-friendly safeguards.

Not sure which lender fits your situation? Here are a few examples.

If you…	Choose…
Need to borrow a large amount	Figure
Want the fastest funding	Aven
Want the lowest possible APR	Figure
Value extra borrower protections and peace of mind	Aven
Want the highest available LTV ratio	Aven
Prefer a lender with strong digital security	Figure
Want a seamless, tech-driven experience	Figure
Value customer reviews	Aven
Want a more established lender	Figure

You need to borrow a large amount

Winner

Figure

Choose Figure if you need a higher borrowing limit. It allows access to up to 85% of your home’s value, capped at $750,000, which is nearly double Aven’s maximum of $400,000. That makes Figure a strong option for homeowners with significant equity who need to fund large expenses or consolidate multiple debts.

You want the fastest funding

Choose Aven if speed matters most. Its digital application and notarization process can deliver funds in as little as three days, while Figure typically takes around five. Aven’s fast turnaround can be especially helpful if you’re looking to tackle a time-sensitive project or expense.

Winner

Aven

You want the lowest possible APR

Choose Figure if your top priority is securing the lowest rate. Figure’s APRs start slightly lower than Aven’s and can be reduced further by setting up autopay or opting for a higher origination fee. Its variable-rate option also gives qualified borrowers the potential to benefit from lower rates over time.

Winner

Figure

You want extra borrower protections

Choose Aven if you want more built-in safeguards. Its Foreclosure Protection Guarantee gives eligible borrowers peace of mind by preventing foreclosure for one year on balances under $10,000, even with late payments. Combined with its Lowest Rate Guarantee, Aven offers additional protection that most HELOC lenders—including Figure—don’t provide.

Winner

Aven

You want the highest possible LTV

Choose Aven if you want to borrow against more of your home’s equity. With a maximum LTV ratio of 89%, it allows slightly higher borrowing relative to your property value than Figure’s 85% cap.

Winner

Aven

You prefer a lender with strong digital security

Choose Figure if you value advanced technology and security in your lending experience. Its use of blockchain helps ensure a transparent and tamper-resistant process, adding confidence for borrowers concerned about data protection.

Winner

Figure

You want a seamless, tech-driven experience

Choose Figure if you prefer a polished digital process that minimizes friction. Its platform uses automation and eNotaries to streamline every step, allowing you to apply, verify, and close your HELOC entirely online with minimal hassle.

Winner

Figure

You value customer reviews

Choose Aven if you care most about feedback from other borrowers. It consistently earns some of the highest customer satisfaction scores among HELOC lenders, including a 4.9 out of 5 on Trustpilot with nearly 6,000 reviews. Aven’s strong reputation for responsive service and transparency makes it a good fit if you value firsthand experiences from real users.

Winner

Aven

You want a more established lender

Choose Figure if you prefer a lender with a longer history in digital home equity lending. Founded in 2018, Figure was one of the first companies to bring a fully online HELOC to market and has since built a reputation for reliability and innovation.

Aven is also a well-regarded fintech lender, but it’s newer to the space, so Figure may appeal more to borrowers who prioritize longevity and an established track record.

Winner

Figure

How we rated Figure and Aven

We designed LendEDU’s editorial rating system to help readers find companies that offer the best HELOCs. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared Figure and Aven to several HELOC lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take on each company is represented in our ratings and best-for designations, recapped below.