US homebuyers can now pledge crypto assets for a Fannie Mae-backed mortgage
US homebuyers can now pledge crypto assets, such as Bitcoin and USDC, as collateral for a Fannie Mae-backed mortgage, allowing younger investors to buy homes without liquidating their portfolios. This move aims to lower the barrier for younger investors and provide an alternative to traditional down payment methods.
US homebuyers can pledge crypto assets for a mortgage. This is made possible through a partnership between digital lender Better Home and Finance and Coinbase. The borrower takes out a secondary loan backed by their crypto holdings to cover the down payment. The crypto assets are held in a Coinbase Prime custody account and cannot be traded. The borrower retains ownership and benefits from potential price appreciation. This move aims to help younger investors buy homes without liquidating their portfolios.
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