First Fannie Mae-backed bitcoin mortgage funded
Coinbase and Better Home & Finance funded the first Fannie Mae-backed mortgage using bitcoin collateral. Nationwide rollout by summer 2026.
Product structure
Dual-loan close: (1) standard Fannie Mae conforming mortgage, (2) separate crypto-backed loan funding down payment. Supports BTC and USDC. 15- and 30-year fixed terms. Conforming loan limits by region.
Collateral ratios
Bitcoin LTV ~5:1; USDC ~1.25:1 per Coinbase spokesperson.
Demand
Waitlist ~$250M potential volume; >50% of interested borrowers plan purchase within six months. Borrowers qualify on income, not cash savings.