Fannie Mae collaborates with Coinbase to launch crypto mortgages.
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Fannie Mae collaborates with Coinbase to launch crypto mortgages. Fannie Mae is set to support crypto-backed mortgages, allowing borrowers to use digital assets like bitcoin as collateral. The move signals deeper integration of crypto into traditional housing finance. Crypto-Backed home loans set to launch in industry first. Fannie Mae is preparing to support a new type of mortgage that allows borrowers to use cryptocurrency as collateral. The initiative, developed with Coinbase and Better Home & Finance, marks a significant step in bringing digital assets into mainstream housing finance. Under the new structure, homebuyers can pledge crypto holdings such as bitcoin or USDC instead of selling assets to fund a down payment. This allows borrowers to maintain market exposure while avoiding potential capital gains taxes tied to liquidation. The loans will be issued as conforming mortgages backed by Fannie Mae. That means they will follow the same standards and protections as traditional home loans. For many in the market, Fannie's involvement adds a level of credibility that earlier crypto mortgage products lacked. The move follows guidance from the Federal Housing Finance Agency (FHFA). In June, FHFA Director Bill Pulte instructed Fannie Mae and Freddie Mac to explore how crypto assets could be counted in mortgage applications. The policy reflects broader support for...
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