Coinbase and Better make Bitcoin-backed mortgages available

Coinbase and Nasdaq-listed Better Mortgage announced the availability of Bitcoin-backed mortgages for Americans. The companies said the service was designed in accordance with the Federal National Mortgage Association, also known as Fannie Mae. Coinbase One members will be eligible for a rebate equal to 1% of the mortgage value, up to $10,000. Coinbase and Better funded their first Bitcoin-backed mortgage in June. A married Michigan couple, Joe and Amy, used Bitcoin as collateral for their down payment instead of selling their holdings. Better Mortgage Chief Technology Officer Ziggy Jonsson said the service aims to support younger aspiring homeowners who hold Bitcoin. Jonsson said high interest rates, record home prices, and limited inventory pushed the median age of a first-time homebuyer to 40 in 2025. Coinbase head of financial services and loyalty products Ben Shen said borrowers can use digital assets in mortgage underwriting without selling their holdings. Crypto-backed lender Milo said it had surpassed $100 million in digital asset mortgages earlier this year. Milo also said it had issued a record $12 million loan. Ledn research said the sector could grow from $3 billion to $1 trillion over the next 10 years. Bitcoin-backed loans remain a niche product.