Aven says its new mortgage can close in seven days, appraisals permitting
Sadi Khan's Aven is applying its HELOC underwriting stack to 30-year purchase loans in ten states, with an open-end structure Fannie and Freddie will not buy.
By RuntimeWire Staff · Published
Primary source: Forbes - Innovation
Why it matters
A seven-day close would compress a process that averaged 42 days in June 2025 ICE data, giving buyers a tool that can matter in competitive bidding. Aven's open-end loans cannot be sold to Fannie Mae or Freddie Mac, so growth depends on private funding and securitization demand.
Aven cofounder and CEO Sadi Khan is taking the system his company built for home equity credit cards into purchase mortgages. Aven said on October 30th, 2026 that its new Home Purchase Line can take a qualified buyer from application to closing in as little as seven days, with borrowing of up to $2 million.…
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.