Bitcoin-Backed Mortgages Are Now Available Through Better and Coinbase

TLDR

• Better Mortgage and Coinbase have launched a Bitcoin-backed mortgage product available to US homebuyers
• Borrowers pledge Bitcoin worth at least 250% of the down payment loan as collateral without selling their BTC
• Coinbase One members get a 1% lender credit up to $10,000 toward closing costs
• Bitcoin price drops alone won’t trigger margin calls, but missed payments can lead to liquidation
• The product launched to general availability on August 12, following a waitlist that showed over $260 million in projected loan volume

Better Mortgage and Coinbase have made their Bitcoin-backed mortgage product available to US homebuyers, letting borrowers use Bitcoin as collateral for a down payment without selling their holdings.

🇺🇸HUGE: Bitcoin now buys you a home with $0 cash down in America.

Coinbase and mortgage lender Better opened their Fannie Mae-backed mortgages to every qualified US buyer, letting you pledge Bitcoin for the down payment instead of selling it.

You lock up Bitcoin worth 250% of… pic.twitter.com/0aYxDQ1tX3

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