Better and Coinbase Celebrate the First Token-backed Mortgage Fund Backed by Fannie Mae, Announce Official Product Launch Date

Better Home & Finance Holding Company (NASDAQ: BETR), and Coinbase (NASDAQ: COIN), today announced the funding of the first Fannie Mae-backed mortgage backed by Bitcoin in the United States. The companies also confirmed plans to make the product available to qualified borrowers nationwide by Summer 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604894636/en/

First home purchased with Better and Coinbase's Bitcoin-backed mortgage.

In March 2026, Better and Coinbase announced plans to offer the first Fannie Mae-eligible token-backed mortgage. The product is designed to address the evolving financial profiles of modern homebuyers, based on how they store wealth and how the mortgage system has traditionally evaluated it. Initially supporting Bitcoin and USDC, the product allows borrowers to pledge digital assets as collateral, enabling them to secure a mortgage without liquidating their holdings. The companies plan to expand support to additional digital assets as the market matures.

At Better, 41% of pre-approved customers qualify on income and credit but do not have the cash for a traditional down payment. At the same time, the median age of first-time homebuyers in America reached a record high of 40 years old, driven by high mortgage rates, rising home prices, and limited inventory, according to the National Association of Realtors. That number is a sharp jump from the median age of 32 recorded in the same report a decade ago. Token-backed mortgages unlock housing accessibility and financing flexibility for the next generation of home buyers.

“The 30-year fixed mortgage was designed for a generation that kept its savings in a bank account and built equity through a single employer. That’s not the financial reality of millions of qualified buyers today that are building real wealth in digital assets,” said Vishal Garg, Founder and CEO of Better. “We’re excited to expand access to all qualified borrowers to fix an ongoing issue: buyers who qualify on every measure that matters but cannot clear the down payment hurdle because their wealth isn’t where the system expects to find it.”

The first loan was closed by Joe and Amy, a married couple in their early 30s in Ann Arbor, Michigan, who were preparing for the next chapter of their lives with a growing family. Joe, a software engineer, and Amy, a graduate student, had built meaningful savings in digital assets but faced the same obstacle that stops millions of qualified buyers: insufficient cash for a traditional down payment. Rather than liquidating their long-term Bitcoin position, incurring capital gains taxes, and forfeiting future upside, they pledged their crypto as collateral and successfully purchased their first home.

Schreibe Deinen Kommentar