Michael Saylor proposes a BTC lending model while Bill Pulte pushes cryptocurrency for Fannie Mae, Freddie Mac: Could Bitcoin soon be considered for mortgage qualification?
The U.S. home financing landscape could be about to undergo a major change as Federal Housing Administration (FHFA) chief Bill Pulte, who was appointed in March 2025 under President Donald Trump, announced plans to study cryptocurrency holdings, including Bitcoin (CRYPTO: BTC), to determine mortgage borrower qualifications.
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What Happened This news sparked widespread interest and discussion, with Michael Saylor of Strategy Inc. (NASDAQ:MSTR) stepping in to propose Strategy's (formerly MicroStrategy) Bitcoin Credit Model to support this initiative.
Pulte, a well-known Bitcoin proponent and grandson of the founder of Pulte Homes, oversees the FHFA, which regulates $7.5 trillion in mortgage-backed securities through Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC).
His post raised hopes among cryptocurrency enthusiasts. “We will explore the use of cryptocurrency holdings as part of mortgage qualification,” Saylor said, sharing a model that assesses BTC risk based on price volatility, loan term, and collateral coverage.
Meanwhile, the Bitcoin Policy Institute is hailing this as a potentially game-changing change, noting that 14% of Americans own Bitcoin, while nearly 28% of Americans own some form of cryptocurrency.
An adjustment to Fannie Mae's sales guide to recognize Bitcoin as collateral could unlock millions of properties, aligning with Trump's vision of making the United States the "Bitcoin capital of the world."
Why It Matters As the Bitcoin Policy Institute has pointed out, due to Fannie Mae and Freddie Mac's considerable financial influence over the mortgage market and its indirect control by government entities, these two institutions set the industry standards that all other mortgage lenders follow.
Fannie Mae and Freddie Mac's securitization guidelines for lenders often become the unofficial rules for the entire mortgage industry.
“If Fannie Mae were to amend the key language in its sales guide (SEL-2022-04) regarding digital currencies, it would unlock the ability for Americans to use Bitcoin as collateral for their mortgages,” the Bitcoin Policy Institute said.
