Buying a Home with Cryptocurrency May Be Possible!

FHFA Chairman William Pulte instructed Fannie Mae and Freddie Mac to consider evaluating cryptocurrency assets as “reserve assets” in mortgage risk analysis.

This will allow digital assets held on US-based regulated cryptocurrency exchanges to be included in the application file without being converted to USD. The development could allow crypto investors looking to buy a home to use their positions as collateral without having to sell them. According to Pulte's statement, the volatility of crypto will be balanced by applying appropriate haircut rates. The Mortgage Bankers Association also described the process as “a step toward modernization.”