# Aven's Home Purchase Line Lets Qualified Buyers Borrow Up to $2 Million and Close in Seven Days

> Aven launched a Home Purchase Line letting qualified buyers borrow up to $2 million and close in as little as seven days.

- Published: 2026-10-30T10:54:04+00:00
- Section: Product Launches
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-30/aven-home-purchase-line-seven-day-closings
- Source: [PR Newswire](https://www.prnewswire.com/news-releases/aven-cuts-home-purchase-to-as-little-as-seven-days-302924522.html)

## Key takeaways

- Aven's Home Purchase Line lets qualified buyers borrow up to $2 million and close in as little as seven days.
- Aven completed a Tucson, Arizona home purchase in 67 hours from application to closing.
- The Home Purchase Line combines a 30-year repayment term inside an open-end line of credit secured by the home being purchased.

[Aven](https://akta.pro/company-profiles/00000cq/aven) launched a Home Purchase Line that lets qualified buyers borrow up to $2 million and close a home purchase in as little as seven days, the company said in a [PR Newswire](https://www.prnewswire.com/news-releases/aven-cuts-home-purchase-to-as-little-as-seven-days-302924522.html) announcement dated October 30, 2026. Aven recently completed a Tucson, Arizona purchase in 67 hours from application to closing.

## How the Aven Home Purchase Line Works

Aven's seven-day timeline runs from the moment a buyer applies to finance a home they want to buy until the sale closes. For comparison, a conventional mortgage loan took an average of 42 days to close, according to June 2025 industry data from ICE Mortgage Technology cited in the announcement. Applicants can get preapproved in minutes, and Aven evaluates both the borrower and the home as part of the purchase.

The Home Purchase Line is a line of credit secured by the home being purchased, and buyers do not need to be existing homeowners to qualify. Unlike a traditional mortgage, it combines a 30-year repayment term inside an open-end line of credit. Borrowers repay the purchase balance through fixed monthly payments at a fixed interest rate and keep access to available credit after closing for reuse. Homebuyers can learn more on Aven's home purchase page.

"We built Aven to take some of the hardest and most complex financial products and make them an order of magnitude better for consumers," said Aven co-founder and CEO Sadi Khan. "With the Aven Home Purchase Line, an eligible buyer could tour an open house on a Sunday and get their keys by next Saturday."

## Aven's Funding and Customer Base

Aven has raised $252 million in total funding across six rounds, most recently a $110 million Series E in September 2025 led by Khosla Ventures, according to akta.pro [company records](https://akta.pro/company-data). The same records list more than 250,000 customers and over $3 billion funded to customers across home equity, credit cards and more. In April 2026, Aven launched a Bitcoin Visa Card offering credit lines up to $1 million, with BitGo Bank & Trust providing segregated custody for BTC collateral.

## Bitcoin Mortgages and Qantas Home Loans

APX Lending opened a waitlist for Bitcoin-backed mortgages expected to launch in the first quarter of 2027, letting borrowers pledge Bitcoin as collateral for home purchases while keeping their holdings, [PR Newswire](https://www.prnewswire.com/news-releases/apx-lending-to-bring-bitcoin-backed-mortgages-to-canada-302923880.html) reported on October 29, 2026. Qantas added ColCap Financial as a second lender for its home loans, and its program has settled over $3 billion since February 2023, [Mirage News](https://www.miragenews.com/qantas-money-home-loans-tops-3b-adds-colcap-as-1766250/) reported on October 26, 2026.

## Companies in this story

- [Aven company profile](https://akta.pro/company-profiles/00000cq/aven) · website: https://aven.com

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