FIRST FANNIE MAE BITCOIN-BACKED MORTGAGE IS LIVE
Better and Coinbase have issued the first Fannie Mae-backed Bitcoin mortgage, allowing a Michigan couple to use their Bitcoin as collateral for a conventional 30-year fixed-rate home loan without selling their BTC.
The structure lets borrowers pledge Bitcoin as collateral while avoiding capital gains taxes and maintaining exposure to future price appreciation.
Better CEO Vishal Garg called Bitcoin-backed mortgages a “generational next step,” arguing that Americans now hold far more wealth in stocks, bonds, and digital assets than in traditional bank accounts.
Because the loan conforms to Fannie Mae underwriting standards, a government-sponsored enterprise is effectively recognizing Bitcoin as collateral within the traditional mortgage system.
A broader rollout is expected later this summer. Better says demand is strong, with 76% of waitlist respondents already using Coinbase, 37% holding more than $500,000 in Bitcoin and projected loan volume reaching $250M.
Better and Coinbase have issued the first Fannie Mae-backed Bitcoin mortgage, allowing a Michigan couple to use their Bitcoin as collateral for a conventional 30-year fixed-rate home loan without selling their BTC.
The structure lets borrowers pledge Bitcoin as collateral while avoiding capital gains taxes and maintaining exposure to future price appreciation.
Better CEO Vishal Garg called Bitcoin-backed mortgages a “generational next step,” arguing that Americans now hold far more wealth in stocks, bonds, and digital assets than in traditional bank accounts.
Because the loan conforms to Fannie Mae underwriting standards, a government-sponsored enterprise is effectively recognizing Bitcoin as collateral within the traditional mortgage system.
A broader rollout is expected later this summer. Better says demand is strong, with 76% of waitlist respondents already using Coinbase, 37% holding more than $500,000 in Bitcoin and projected loan volume reaching $250M.
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