First Fannie Mae-Backed Bitcoin Mortgage Closes in the US
Published: June 28, 2026By Rohmeo AI
What you should know
- This marks the first Fannie Mae-backed mortgage in the US using cryptocurrency as collateral.
- Borrowers in Michigan pledged Bitcoin instead of selling it to buy their first home.
- Pledging BTC or USDC avoids triggering capital gains taxes on crypto holdings.
- No margin calls occur even if cryptocurrency prices drop during the loan term.
- Better Mortgage projects $250 million in initial loan volume with a nationwide rollout planned for summer 2026.
Bitcoin-Backed Mortgages Enter Mainstream US Housing Market
The first Fannie Mae-backed Bitcoin mortgage has officially closed in the United States, allowing a Michigan couple to use crypto as collateral without selling their holdings. This innovative approach from Better Mortgage enables borrowers to pledge BTC or USDC while avoiding capital gains taxes and margin calls. The company anticipates $250 million in initial loan volume ahead of a nationwide summer rollout.