First Bitcoin-funded mortgage from Fannie Mae goes nationwide

A historic moment in the US real estate market: the first mortgage fully backed by Bitcoin and approved by Fannie Mae has just been financed. The loan comes from a collaboration between Better, which originates and manages the mortgage, and Coinbase, which provides the technological infrastructure. This opens up a whole new playing field for Bitcoin holders who want to use their digital assets as collateral for a home.

Bitcoin is available at OKX and Bybit.

Bitcoin as collateral for your own home

This innovation means that Bitcoin owners can now use their digital wealth for something very concrete: buying or refinancing a home. Normally you have to sell your Bitcoin or borrow money through cumbersome processes. With this approach, you keep your Bitcoin while being able to get a mortgage. Coinbase facilitates this by bringing all necessary technology and security measures under one roof.

Coinbase’s move aligns with a broader trend in which Bitcoin is increasingly recognised as a valuable asset in traditional financial systems. We also see that companies are increasingly using Bitcoin for large capital.

National rollout follows this summer

What has now been realised in a single transaction will soon be scaled up significantly. Better and Coinbase announce that this mortgage solution will become available nationwide this summer. That means home buyers across America will soon be able to negotiate a Bitcoin-backed mortgage. It opens the door for a completely new segment of buyers: Bitcoin-rich individuals who until now had few financing options.

The moment comes at an interesting point for Bitcoin itself. The Bitcoin price currently stands at $63.965. down 3% in the past 24 hours. However, such institutional breakthroughs can help restore confidence in the market.