Coinbase, Better launch U.S. crypto mortgage as Fannie Mae backs $500K home loans

• U.S. buyers can now use Bitcoin or USDC as collateral for Fannie Mae-backed home loans
• Nearly $250 million in projected loan volume and a majority of applicants from Coinbase highlight strong demand

On June 4, 2026, CoinDesk reported that Coinbase and Better Home & Finance have closed the first Fannie Mae-backed conventional mortgage that enables U.S. homebuyers to leverage Bitcoin or USDC as collateral for a property’s down payment. This new product allows buyers to tap into crypto holdings without selling assets, helping them avoid capital gains taxes. For the first time, a government-sponsored enterprise is accepting digital currencies as mortgage collateral, marking a significant milestone for mainstream crypto adoption in U.S. real estate.

The mortgage structure consists of two parts: most of the property’s value is financed through a standard Fannie Mae mortgage, while the down payment is covered by a separate loan collateralized by crypto assets. Coinbase custodial accounts hold the crypto throughout the loan term. This setup allows buyers to fulfill conventional down payment requirements without liquidating their digital assets.

High demand is reflected in preliminary waitlist data. Nearly $250 million in projected loan volume has been registered, with 76% of applicants already Coinbase users. The initial offering supports only Bitcoin and USDC as collateral, but more digital assets are expected to be added as the program expands. A nationwide rollout is planned for summer 2026 to reach more buyers.

As of June 4, 2026, 18:09 UTC, Bitcoin (BTC) trades at $63,216.75, down 4.12% in 24-hour volume, and USDC remains at $1.00 with a 0.001% change, according to CoinMarketCap.