Coinbase Introduces Bitcoin-backed Mortgages This Summer

WHO:

NewsBTC - The borrowers of the first mortgage are Joe and Amy, a married couple in their early 30s from Ann Arbor, Michigan.

Cointelegraph - Coinbase and Better Home & Finance are involved in the initiative.

Techmeme - Coinbase and Better are the organizations funding the mortgage.

WHAT:

NewsBTC - The first loan using Bitcoin as collateral has already been closed.

Cointelegraph - The initiative allows qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.

Techmeme - The first Fannie Mae-backed mortgage using Bitcoin as collateral has been funded by Coinbase and Better.

WHERE:

Techmeme - The mortgage initiative is planned for a nationwide rollout.

WHEN:

Cointelegraph - The Bitcoin-backed mortgages are set to be introduced this summer.

Techmeme - A nationwide rollout is planned in the coming months.

WHY:

Cointelegraph - The initiative aims to provide new options for home financing using cryptocurrency.

HOW:

NewsBTC - Joe, a software engineer, stated, "We closed on our home, and my Bitcoin stayed intact. We didn’t have to liquidate, didn’t have to time the market, and didn’t have to start over financially to achieve our homeownership goals."

NewsBTC - The mortgage allows borrowers to pledge crypto as collateral instead of liquidating their digital holdings to raise down payment funds.

Cointelegraph - The process involves using Bitcoin and USDC as collateral for mortgage down payments.

(UPDATED June 5, 2026 08:18 UTC)

In a groundbreaking move for the housing market, a married couple from Ann Arbor, Michigan, Joe and Amy, have successfully closed the first mortgage using Bitcoin as collateral. Joe, a software engineer, expressed relief, saying, "We closed on our home, and my Bitcoin stayed intact. We didn’t have to liquidate, didn’t have to time the market, and didn’t have to start over financially to achieve our homeownership goals," highlighting how this new mortgage option allows borrowers to pledge crypto instead of selling their digital assets for down payments.

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(UPDATED June 4, 2026 21:31 UTC)

Coinbase and Better Home & Finance are launching an initiative that allows qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments, marking the first Fannie Mae-backed mortgage funded with Bitcoin. This innovative mortgage initiative is set to roll out nationwide this summer, providing new options for home financing through cryptocurrency. The process will enable borrowers to leverage their digital assets, paving the way for a new era in home buying.