Fannie Mae-Backed Mortgages Secure Bitcoin as Collateral, Coinbase Reports
Coinbase announces that a Michigan couple has become the first to close on a conventional, Fannie Mae-backed mortgage by using Bitcoin as collateral. This historic transaction marks a significant shift in the mortgage industry’s stance on cryptocurrencies, as reported by Decrypt.
On June 4, 2026, Coinbase reported that a Michigan couple has made history by becoming the first to secure a conventional home mortgage backed by Fannie Mae, using Bitcoin as collateral for their down payment. This transaction, facilitated by mortgage lender Better, is part of a new offering that allows homeowners to leverage their cryptocurrency assets without needing to sell them.
The mortgage product, which was initially announced in March, aligns with a policy change from the Federal Housing Finance Agency (FHFA), led by Bill Pulte, who directed the agency to officially recognize cryptocurrencies held on centralized exchanges. This marks a notable shift from the typical viewpoint that considered crypto too volatile to serve as collateral for home loans.
Important to note is that this innovative mortgage system will initially also accept Circle’s USDC stablecoin, and the rollout is expected to expand nationally in the near future. Coinbase claims this program enables millions of Americans who have accumulated wealth in digital assets to find a new path to homeownership, creating opportunities previously unavailable.
“Tens of millions of Americans have built real wealth in digital assets,” said Mark Troianovski, Coinbase's Head of Consumer and Platform Partnerships. “That wealth now has a direct path to homeownership, creating new opportunities for the next generation.”
Traditionally, lenders have evaluated assets like stocks and bonds when offering loans, making this shift significant. The change means that buyers can avoid capital gains taxes that would arise from selling their digital holdings and can potentially benefit from future increases in the value of their Bitcoin holdings.
The implications of this shift in policy indicate a growing acceptance of cryptocurrency within the regulatory framework surrounding home financing, which could reshape the landscape of property ownership in the U.S. for crypto holders.
Summary based on original reporting by André Beganski at Decrypt, originally published Jun 4, 2026. SolanaWire does not republish source content.
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