Buying a home or property with cryptocurrency? New US plan could make it possible soon
The new plan, however, recognises crypto as an emerging asset class. According to the directive, borrowers will no longer be required to liquidate their digital assets to qualify for home loans. Instead, they can list eligible crypto holdings alongside stocks or bonds in their application – provided those holdings are kept on US-regulated, centralised exchanges.advertisement
That distinction is key. Crypto assets stored in private wallets or offshore exchanges won't qualify, according to the FHFA directive.The change is a potential game-changer for self-employed individuals or those with irregular income. In traditional lending, borrowers often need to show steady cash reserves. For crypto holders who lack traditional savings, their digital assets could now serve as the buffer needed to get approved.Still, the move doesn't come without caution. Pulte reportedly instructed both Fannie Mae and Freddie Mac to consider risk-mitigation strategies. That means lenders will likely apply substantial discounts to the stated value of crypto holdings and require additional documentation – such as exchange records and proof of stability over time.The process will take some time to fully roll out. Fannie and Freddie must first draw up proposals, get them approved by their boards, and submit them to the FHFA for final review. Only after these steps will the new crypto mortgage guidelines be implemented.Pulte's directive also comes amid broader plans to return Fannie and Freddie to private ownership after 17 years of federal control. That plan, first hinted at by President Donald Trump, has raised concerns among some experts who worry it could increase borrowing costs without a government safety net in place. Still, the inclusion of crypto in mortgage consideration reflects how quickly digital finance is entering the mainstream. The directive itself describes cryptocurrency as 'an emerging asset class that may offer an opportunity to build wealth outside of the stock and bond markets.'- Ends
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