Better Mortgage and Coinbase Expand Partnership with HELOC Rebate Offer
Better Mortgage and Coinbase have expanded their existing partnership to offer HELOC (Home Equity Line of Credit) rebates to Coinbase One members. The rebate is equal to 1% of the approved Better home equity line of credit, up to $10,000.
This expansion was launched on August 12, 2026, and comes after outstanding U.S. HELOC balances reached a record $459 billion in the second quarter of 2026. The Federal Reserve Bank of New York reported that this marked the 17th consecutive quarterly increase, with an additional $13 billion added during the quarter.
Better's HELOC originations grew by 45% quarter-over-quarter and 23% year-over-year to $294 million in the second quarter of 2026. HELOCs now account for 18% of Better's total loan volume, up from 12% in the first quarter of 2026.
According to Daniel Lewis, CEO of Better, 'This partnership is about building lasting relationships with Coinbase One members, not serving them for a single transaction.' Ben Shen, Head of Financial Services & Loyalty Products at Coinbase, noted that the partnership gives borrowers a way to utilize their total balance sheet while keeping more capital available.