The Loan Store Rebranded to Averra Financial
The company has expanded its national lending platform, but active loans and broker terms remain unchanged.
Updated on Oct. 5, 2026 in Residential
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The Loan Store has officially transitioned to its new name, Averra Financial, as of October 1, 2026. This rebrand reflects the company's growth from a smaller operation into a national lending platform.
Why it matters
The name change aligns with the company's broadened product depth and national scale following its 2023 acquisition of the Homepoint wholesale business. Current customers and those with loans in process will see no changes to their existing agreements.
The lender reported a 68% increase in non-qualified mortgage volume year to date through August compared to the 2025 period. Specific dollar impacts on individual borrower rates remain subject to product-specific qualifications.
The players
Averra Financial
A national lender that provides mortgages, home equity lines of credit, and tools for borrowers with complex income documentation.
Aven
A fintech company that partners with lenders to offer home equity lines of credit.
Homepoint
A former wholesale mortgage business whose operations were acquired by Averra Financial in 2023.
The details
The rebrand to Averra Financial follows a period of growth that included the 2023 acquisition of Homepoint and the introduction of new financial tools. Borrowers can access the Averra Advantage income verification tool, designed for those with complex income situations. Additionally, the company has integrated a home equity line of credit through its partnership with Aven, which began funding loans in May 2026.
Timeline
2023: The Loan Store acquired the Homepoint wholesale business.
May 2026: The partnership with Aven funded its first loan.
August 2026: The reporting period for Non-QM volume increases ended.
October 1, 2026: The rebranding to Averra Financial took effect.
Money Landscape
This development follows the broader industry trend of increasing Non-QM lending volume as firms seek to capture market share among borrowers with non-traditional income profiles. It reflects a shift toward more specialized credit products within the national mortgage ecosystem.
Borrowers with loans in process or existing broker relationships should note that terms remain unchanged during this transition. You may want to review the Averra Advantage tool if you have complex income streams that could affect your mortgage qualification process.
The takeaway
While the name has changed to Averra Financial, your existing loan terms and active broker agreements are unaffected by the transition. If you are exploring non-qualified mortgage options, monitor the lender's product disclosures to see how new income verification tools might apply to your scenario.
Further reading
For more information on navigating mortgage changes, visit Residential.
Source note: This article includes information reported by HousingWire.
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