Crypto
Coinbase and Better Mortgage Unveil Bitcoin-Backed Mortgages for US Homebuyers
Better Mortgage and Coinbase have collaborated to launch Bitcoin-backed mortgages in the US. The product allows eligible borrowers to use Bitcoin as collateral for a down payment while keeping their primary home loan tied to a Fannie Mae-backed mortgage.
The Bitcoin-collateral mortgage is designed with two linked loans: a Fannie Mae-backed home loan from Better and a separate down payment loan secured by Bitcoin.
Borrowers must pledge at least 250% of the down payment loan amount in BTC, which is then transferred to Better's custodial account on Coinbase Prime.