Coinbase and Better Mortgage Announce General Availability of Bitcoin-Backed Mortgages

According to Bitcoin Magazine, Coinbase and Nasdaq-listed Better Mortgage have announced the general availability of Bitcoin-backed mortgages for Americans. The service was designed in accordance with the Federal National Mortgage Association, or Fannie Mae, allowing borrowers in the US to use Bitcoin as collateral for a down payment without selling it or facing margin calls.

Better Mortgage Chief Technology Officer Ziggy Jonsson stated that high interest rates, record home prices, and limited inventory pushed the median age of a first-time homebuyer to 40 in 2025. Ben Shen, head of financial services and loyalty products at Coinbase, noted that the offering enables crypto to be more useful in the real world while preserving long-term investment positions.

Coinbase One members are eligible for a rebate equal to 1% of the mortgage value, up to a maximum of $10,000. Previously, Coinbase and Better funded their first Bitcoin-backed mortgage in June, which was closed by a Michigan couple. Additionally, crypto-backed lender Milo reported surpassing $100 million in digital asset mortgages earlier this year, while Ledn estimated the space could grow to $1 trillion in a decade.