Coinbase, Better launch Fannie Mae crypto mortgage as $250M demand surges

• Coinbase and Better Home & Finance close first Fannie Mae-backed mortgage using Bitcoin as collateral.
• The new product lets buyers use Bitcoin or USDC for down payments without selling assets; $250 million in waitlist demand suggests strong interest ahead of the national rollout planned for summer 2026.

On June 5, 2026 (UTC), Yahoo Finance reported that Coinbase and Better Home & Finance have completed the first Fannie Mae-backed mortgage using Bitcoin as collateral, marking a milestone for crypto investors seeking homeownership without liquidating digital assets. This innovative mortgage product allows qualified buyers to use Bitcoin or USDC for their down payments, letting them avoid capital gains taxes and continue owning their assets. The deal combines a standard Fannie Mae mortgage with a crypto-secured loan, both repaid through a single monthly payment, while the digital collateral remains held safely in a Coinbase custodial account throughout the loan period.

The nationwide rollout is planned for summer 2026, and early demand has been significant: the initial waitlist quickly reached nearly $250 million in projected loan volume, spotlighting strong interest from crypto-wealthy buyers in California, New York, and Florida. This move marks the first mainstream acceptance of digital assets in conventional home financing and represents a new path to homeownership for crypto investors.

As of June 5, 2026, 00:09 UTC, Bitcoin (BTC) is trading at $63,725.18, with a -0.747% change in 24-hour trading volume, according to market survey data. USDC (USDC) is trading at $1.00, with a 0.018% change in 24-hour trading volume.