Fannie Mae (OTC:FNMA) is stepping into crypto-backed housing finance through a new partnership that lets borrowers use digital assets to help fund their next home purchase.
Better Home & Finance Holding Co. (NASDAQ:BETR) and Coinbase Global Inc. (NASDAQ:COIN) are at the center of the rollout.
- COIN stock is moving. See the chart and price action here.
How The Structure Works
Under the program, qualified borrowers take out a conventional Fannie‑eligible mortgage from Better Home & Finance for the property itself, while a separate second loan is secured by Bitcoin (CRYPTO: BTC) or USDC custodied with Coinbase.
The crypto is moved into a dedicated custody wallet, allowing borrowers to avoid selling their tokens and potentially triggering capital gains taxes while still unlocking value for the down payment.
The crypto-backed second lien is sized at roughly a 40% loan‑to‑value (LTV) ratio, …