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The introduction of Fannie Mae-backed crypto mortgages makes homeownership more attainable for buyers who lack traditional cash down payments but hold significant cryptocurrency assets. Borrowers can use Bitcoin or USD Coin as collateral for their down payment, allowing them to retain their crypto holdings rather than liquidate them.
The program only requires enough crypto to cover a 3% down payment, making it accessible to a broader range of buyers.
THE STREET article below provides a good overview of how this program works and what lender is offering this type of mortgage.
