Partner Success Specialist

Aven and Forest River introduce industry's first co-branded HELOC. Sep 28, 2026, 08:05 ET Forest River Financial Services expands RV dealer support with new Aven-powered financial products ELKHART, Ind., Sept. 28, 2026 /PRNewswire/ - Aven and Forest River, Inc., a Berkshire Hathaway company and North America's largest manufacturer of recreational vehicles, introduced the industry's first co-branded home equity line of credit, along with two additional co-branded financial products for Forest River customers. The Forest River Homeline Card combines a HELOC with a credit card. It gives qualified homeowners a new way to finance larger RV purchases while earning rewards at Forest River dealerships and on everyday purchases. The partnership is Aven's first co-branded financial relationship and expands the company's ability to reach consumers through established brands and their existing customer relationships. Aven plans to expand this model to other consumer brands and distribution networks. More than 80% of RV owners are homeowners, according to the RV Industry Association, meaning many RV customers may also have home equity available to finance a purchase. Some RV buyers already use home equity to finance their purchases, but it has not been a common source of RV financing. Traditional HELOCs can take weeks to originate and fund, and that timing can make a HELOC difficult to use when an RV buyer needs financing at the dealership. Aven can provide a pre-qualification offer in as little as three minutes and enable qualified customers to access a HELOC in as little as three days. Customers can then use their line through an Aven credit card. For qualified homeowners, using home equity to finance an RV may reduce the cash needed at purchase and allow repayment over a longer period, potentially lowering monthly payments. Aven provides the technology and financial infrastructure for the Forest River products as part of Forest River Financial Services, a new Forest River subsidiary designed to give its dealer network additional tools and support. The products are available through participating Forest River RV and marine dealerships in the United States. The three Forest River products powered by Aven are: Forest River Homeline Card * Home equity financing and rewards for qualified homeowners making larger RV purchases * Lines of credit of up to $400,000 * 3% cash back at Forest River dealerships on up to $50,000 in annual purchases * Unlimited 1% cash back on all other purchases * No annual fee and no prepayment fee Forest River Journey Rewards Card * Rewards and financing for RV owners, including smaller RV purchases, service and accessory purchases * 3% cash back at Forest River dealerships on up to $10,000 in annual purchases * Unlimited 1% cash back on all other purchases * No annual fee Forest River Trailhead Deposit Card * Everyday banking, debit spending and rewards for RV owners and other customers, with no homeownership requirement * Debit card linked to a high-yield rewards checking account * 2% cash back at Forest River dealerships on up to $5,000 in annual purchases * Unlimited 1% cash back on all other purchases * No monthly account fee The combination gives Forest River dealers multiple financial products they can offer at different points in the customer relationship, from financing a major RV purchase to rewards and everyday banking. "The technology is what makes this model possible," said Aven co-founder and CEO Sadi Khan. "We automate the work behind financial services, from income verification to HELOC origination and funding. This lets us combine faster access to home equity with the convenience of a credit card. With Forest River, we are putting that technology behind multiple financial products through one platform." The Forest River Homeline Card, Forest River Journey Rewards Card and Forest River Trailhead Deposit Card are being introduced at Forest River Expo today in Elkhart, Indiana. Forest River dealers can learn about the programs and begin enrollment this week at the event. "Many Forest River customers are homeowners making a significant purchase, so home equity financing is a natural fit," said Aven head of strategic partnerships Alexandra Atlas. "Pairing home equity financing with dealer rewards helps Forest River strengthen brand loyalty while giving dealers more ways to support customers at the initial purchase and throughout ownership. We see this as a model we can expand to other consumer brands and distribution networks." "We wanted to give our dealers another way to help qualified customers finance an RV and drive more service, parts and accessory sales," said Forest River president and CEO Doug Gaeddert. "Putting home equity financing, rewards and banking under the Forest River brand gives dealers new tools to grow their business and stay connected with customers throughout their time with a Forest River RV." About Aven Aven is building financial products for homeowners that lower borrowing costs and make banking more efficient and convenient. The company has built the first machine-banking platform, using robotics and software to automate financial services and offer lower-cost products at scale. Its flagship Home Equity Visa Card combines a home equity line of credit with the convenience of a credit card and can be fully approved in minutes. Aven also offers high-yield checking accounts, home improvement loans, rewards credit cards, digital asset-backed credit cards and other financial products. Founded in 2019, Aven has helped consumers save more than $300 million in interest costs as of March 2026. Aven is a financial technology company, not a bank. Banking services are provided by Coastal Community Bank, Member FDIC. About Forest River, Inc. Founded in 1996, Forest River, Inc. has evolved into North America's largest manufacturer of recreational vehicles, cargo trailers, pontoon boats, buses, vans, and commercial vehicles. Its portfolio includes market share leaders in every category, and it is the country's leading manufacturer of buses and vans for both the private and public sectors. Based in Indiana, Forest River has 11,000+ employees across 140+ locations in more than a half dozen states. With a commitment to excellence and a focus on customer satisfaction, Forest River is proud to be a Berkshire Hathaway company. (https://www.forestriverinc.com) SOURCE Aven Financial, Inc.

Forest River forms Financial Services provider to serve RV dealers. September 24, 2026 RV News Staff Forest River will partner with financial technology services provider Octane and consumer financing company Aven to create a new division called Forest River Financial Services. The division will provide Forest River RV dealers with expanded financial tools and support. Initial program offerings, participation requirements, rollout plans and enrollment will be unveiled next week at Forest River's Dealer Expo. Forest River President and CEO Doug Gaeddert said, "We have listened to our dealers, and understand the margin pressure they are facing every day. These new programs will create real value for dealerships of every size, and based on the strength of the offerings and our strong dealer partnerships, we anticipate high participation across our dealer network." Forest River said the new division will complement dealers' existing finance and insurance operations and lender relationships. Forest River said the company is not a lender and will not make credit decisions or service loans. Priority One Financial Services, which Forest River owns, will remain a standalone business. Forest River said Priority One will serve dealers and partner with Octane and Aven to provide additional support, where applicable. "Priority One has been instrumental in identifying these new partnerships and developing the new programs," Gaeddert said. "Heather Mariscal and the entire Priority One staff will work with Forest River Financial Services to build on that commitment at a broader level while preserving dealer control of the customer relationship." Forest River said its new financial services programs will provide dealers with additional ways to generate demand, serve qualified buyers and maintain strong relationships after the sale. "Forest River Financial Services represents a logical and strategic next phase for our company, and we could not be more excited about our new partners," Gaeddert said. "We have been searching to find the right fit, and believe that in Octane and Aven, we have found them. They both offer great products, but more importantly, they are great people, industry leaders and they fit well with our culture." Digital Retail Lending Option Octane's digital lending platform will enable Forest River dealers to streamline applications and credit decisions. Octane has an in-house lender, Roadrunner Financial LLC, which will underwrite the funding. The brand will be called Forest River Finance powered by Octane. Octane also has an in-house servicing company, Roadrunner Account Services LLC, which will service loans made by Roadrunner Financial. Forest River said the Octane lending program will provide fast credit decisions and a simplified digital application process. The company said the lending program will provide "competitive" loan options on eligible Forest River RVs. Cards Tied to Home-Equity Loans Aven will partner with Forest River on Forest River Consumer Cards. Aven provides numerous credit cards as its business, including a credit card backed by a home-equity line of credit (HELOC), a credit card backed by Bitcoin and a rewards credit card. Forest River said Aven will provide the technology and financial infrastructure behind the Forest River Consumer Cards program. The program will include co-branded debit and deposit products, rewards credit cards and HELOC cards. Forest River said the cards are intended to encourage repeat visits and provide dealers with opportunities for additional RV, parts, accessories and service purchases. Forest River Chief Financial Officer Darrel Ritchie said, "The programs we have developed with Octane and Aven not only protect dealer margins, they also drive new sales opportunities back to our dealers. This is only the beginning of what we expect to build." Specifics on the financing programs and card products, including initial offers, participation details and introductory offers, will be announced next week. Forest River Financial Services, Octane and Aven representatives will be available at Forest River Expo to present the initial offerings, answer dealer questions and enroll dealers. Participating dealers will work directly with Octane and Aven on onboarding, training and activation. Dealers will retain control of the customer relationship. Forest River said the new programs will serve as additional resources, not replacements, for existing F&I operations or lender partnerships. Future program phases are expected to roll out in Canada and include additional Forest River businesses, such as Marine, Bus & Van, Cargo Trailers and Commercial Truck. 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Aven card: 5% back on all buys! Limited $25K/Year. Balance req. Aven introduces a new card/checking account offering 5% cashback on all purchases, capped at $25,000 annually, with a balance requirement. CardGuru Team about 6 hours ago The news. Aven has announced a new financial product combining a credit card and a checking account, which offers a significant 5% cashback on all purchases. This attractive cashback rate is subject to an annual spending cap of $25,000. To qualify for and maintain this benefit, account holders are required to meet a specific balance requirement within their linked checking account. This offering aims to provide a high reward rate for general spending for consumers who can meet the balance criteria. CardGuru's take. This Aven offering, while specifically targeted at the US market, highlights a growing trend in the global credit card landscape: integrating high-yield savings or checking accounts with premium credit card rewards. For Indian credit card users, this signals potential future product developments where banks might tie higher cashback or reward rates to maintaining substantial balances in linked accounts. While a direct equivalent isn't yet widespread in India, users should pay close attention to new product launches from Indian banks. The underlying principle here is that banks are willing to offer more lucrative rewards for customers who deepen their relationship by keeping larger deposits. This could be a game-changer for those with significant savings looking to maximize returns on their everyday spending. Cardholders in India should evaluate their banking relationships and consider if any existing or upcoming premium offerings from their banks provide enhanced rewards for maintaining higher savings. As always, carefully read the terms and conditions, especially regarding balance requirements and spending caps, to ensure the benefits truly align with your financial habits and goals. Original source Find the perfect credit card. Use its smart tools to discover cards that match your spending habits.