Coinbase One Members Get Up to $10,000 Toward Closing Costs with Better Mortgage

Coinbase One members can now get up to $10,000 toward closing costs when buying a home through Better Mortgage. The lender-funded credit is applicable to all of Better's home-financing products, including standard mortgages, HELOCs, and refinances.

The offer comes after the general availability of Better's token-backed, conforming mortgage product. This type of mortgage allows borrowers to pledge their cryptocurrency tokens as collateral, making it easier for them to access homeownership.

Better Mortgage has partnered with Coinbase to make this offering possible. According to waitlist data, 76% of respondents were already Coinbase One users and 60% said they planned to buy within six months. The projected loan volume was over $260 million before general availability.