You Can Now Use Bitcoin as a Down Payment — and Uncle Sam Won't Even Know
Coinbase closes the first Fannie Mae-eligible crypto-backed mortgage while BTC posts a fifth straight day of losses
Ticker Ratings
Let's start with the good news: $COIN and Better Home and Finance just closed the first-ever Fannie Mae-eligible mortgage backed by crypto assets. Buyers can pledge $BTC and $USDC as collateral without selling — meaning no capital gains tax event. For the 41% of pre-approved buyers who qualify on income and credit but can't front the cash for a down payment, this is genuinely huge.
Now the bad news: $BTC just wrapped a fifth consecutive day of losses as Wall Street opened mixed and tech continued its identity crisis. Broadcom flagged softer revenue ahead, the semiconductor sector is clearly catching feelings, and U.S. tech posted its highest job cuts in nearly two years. Not exactly the vibes you want when your down payment is denominated in a volatile asset.
The irony of Bitcoin being simultaneously too volatile to hold and useful enough to mortgage a home with is the most 2025 thing imaginable — and honestly, we're here for it.