June 5, 2026

On June 4, 2026, Better Home & Finance (“Better”) and Coinbase announced the closing of what the companies described as the first Fannie Mae backed mortgage that incorporated Bitcoin collateral. According to the announcement, a Michigan homebuyer pledged Bitcoin through Coinbase instead of liquidating digital assets. The financing structure paired a standard Fannie Mae conforming mortgage with a separate loan secured by Bitcoin collateral. For additional context, Better stated that 41% of its pre-approved customers qualified based on income and credit but lacked sufficient cash for a traditional down payment. The National Association of Realtors also reported that the median age of first-time homebuyers reached a record 40 years old. The transaction’s new approach to residential mortgage financing may indicate how digital assets could play a larger role in addressing down payment and housing affordability challenges.

DISCLAIMER

This publication may constitute attorney advertising under the laws and rules of professional conduct of one or more states. The information provided in this publication is for general informational purposes only and does not constitute legal advice. The contents are not intended to be a substitute for professional legal advice, consultation, or representation. No attorney-client relationship is formed by reading or relying on this publication. Prior results do not guarantee a similar outcome. Readers should consult a qualified attorney for advice regarding their individual circumstances or any specific legal questions they may have.

If you have questions about this publication, please contact Adam Friedman, Ralph Vartolo or Michael DeRosa,
Friedman Vartolo LLP, 1325 Franklin Avenue, Suite 160, Garden City, NY 11530, Phone: (212) 471-5100 | Fax: (212) 471-5150.