Coinbase and Better Mortgage fund first Fannie Mae-backed home loan using Bitcoin collateral

Coinbase and Better Mortgage said they have funded what they describe as the first U.S. mortgage backed by Fannie Mae that uses Bitcoin as collateral, marking a new point of overlap between digital-asset custody and traditional home lending ^{[1] [2]}.

Reporting on the deal says a Michigan couple used crypto collateral rather than selling their digital assets to provide a cash down payment, with Coinbase supplying custody infrastructure and a transaction platform and Better Mortgage handling loan servicing. The mortgage was described as conforming to Fannie Mae standards, and analysts highlighted that while the structure could broaden leverage options for crypto holders, it also introduces exposure to collateral volatility ^{[3] [4] [2]}.

The launch is being positioned as an early template for how token-backed collateral could be integrated into agency-insured mortgage financing, subject to the terms and risk profile of the specific product ^{[1] [2]}.