Coinbase powers crypto-backed conforming mortgages
Coinbase and Better enable homebuyers to pledge Bitcoin or USDC for down payments without selling holdings. Mortgages originated/serviced by Better with Fannie Mae backing identical to other conforming loans.
Coinbase One members approved for Better mortgages eligible for 1% closing cost rebate capped at $10,000. USDC pledgers can continue earning rewards.
Requires Coinbase account and approved Better mortgage application. Crypto held in custodial wallet as collateral.