TLDR
- Better Mortgage and Coinbase have launched a Bitcoin-backed mortgage product available to US homebuyers
- Borrowers pledge Bitcoin worth at least 250% of the down payment loan as collateral without selling their BTC
- Coinbase One members get a 1% lender credit up to $10,000 toward closing costs
- Bitcoin price drops alone won’t trigger margin calls, but missed payments can lead to liquidation
- The product launched to general availability on August 12, following a waitlist that showed over $260 million in projected loan volume
Better Mortgage and Coinbase have made their Bitcoin-backed mortgage product available to US homebuyers, letting borrowers use Bitcoin as collateral for a down payment without selling their holdings.
🇺🇸HUGE: Bitcoin now buys you a home with $0 cash down in America.
Coinbase and mortgage lender Better opened their Fannie Mae-backed mortgages to every qualified US buyer, letting you pledge Bitcoin for the down payment instead of selling it.
You lock up Bitcoin worth 250% of… pic.twitter.com/0aYxDQ1tX3
— Coin Bureau (@coinbureau) August 27, 2026
The product pairs a Fannie Mae-backed home loan with a separate down payment loan secured by Bitcoin. Borrowers must pledge Bitcoin worth at least 250% of the down payment loan amount.
The pledged Bitcoin is transferred to Better’s custodial account on Coinbase Prime. It is returned to the borrower once the mortgage is fully repaid or refinanced.
How the Loan Works
Both loans carry the same interest rate and repayment term. Borrowers make a single monthly payment covering both.
Bitcoin price drops alone will not trigger margin calls or change mortgage terms. However, if a borrower falls 60 days behind on payments, Better can liquidate the pledged Bitcoin.
Borrowers must be US residents with a verified Coinbase account. Standard credit and income requirements from Better still apply.
Coinbase One members are eligible for a lender credit equal to 1% of the mortgage value, capped at $10,000. The credit is applied toward closing costs and reflected on the closing disclosure.
The product became available to Coinbase One members on August 12. The two companies first announced the partnership in March and opened a waitlist in June.
Strong Early Demand
The waitlist generated strong early interest. The companies said 76% of respondents were already Coinbase One users, and 60% planned to buy a home within six months.
Projected loan volume from the waitlist exceeded $260 million before general availability launched.
Better said 41% of its pre-approved customers qualify on income and credit but do not have enough cash for a traditional down payment. The company has funded more than $110 billion in loans to date.
The product supports both Bitcoin and USDC as collateral for the down payment.
The launch comes as other lenders have also started recognizing crypto in mortgage underwriting. Newrez announced in January 2026 that it would count certain crypto holdings in mortgage applications starting in February.
In June 2025, the Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to explore using cryptocurrency held on regulated US exchanges as an asset in mortgage risk assessments, without requiring conversion to US dollars.
US home prices remain near historic highs. The median sales price of a new US home was around $400,000 in 2026, according to Federal Reserve data.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
