Aven and Forest River Launch Co-Branded HELOC for RV Financing
Aven, a machine-banking platform specializing in asset-backed credit cards, has partnered with Forest River Financial Services to introduce the industry's first co-branded home equity line of credit (HELOC) tailored for recreational vehicle purchases. The new product suite includes the Forest River Homeline Card, which allows qualified homeowners to finance larger RVs using their home equity while earning rewards on everyday and dealership purchases. The partnership aims to streamline financing by leveraging Aven's technology that enables pre-qualification in as little as three minutes and full funding within three days—significantly faster than traditional HELOC processes. This innovation could reduce the cash needed at purchase, allowing for longer repayment periods and lower monthly payments. The products are available through participating dealerships across the U.S., offering a range of financial tools from major RV financing to everyday banking. Aven's CEO Sadi Khan emphasized that automation is key to this model, enabling faster access to home equity combined with credit card convenience.
Topics: credit cards home equity line of credit (HELOC) partnerships RV financing