Bitcoin-Backed Mortgages Go Mainstream

Better Mortgage and Coinbase have launched a bitcoin-backed mortgage product that allows qualified buyers to use their cryptocurrency holdings as collateral for a separate loan covering part of their down payment.

The main mortgage remains a standard Fannie Mae conforming loan, while the bitcoin-secured loan avoids margin calls based on price swings, reducing risk for borrowers.

Coinbase One members can receive up to $10,000 in closing-cost credits, and this product aims to expand access to homeownership by integrating cryptocurrency into traditional mortgage lending without violating Fannie Mae guidelines.