Coinbase and Better Mortgage announced on Aug. 26 that they are making a Bitcoin‑backed home loan product available to qualified US homebuyers. The offering lets borrowers use pledged Bitcoin as collateral for a down‑payment loan, avoiding the need to sell cryptocurrency for cash. Borrowers must pledge Bitcoin valued at least 250% of the down‑payment amount; a $100,000 down payment would require $250,000 in Bitcoin. The product combines a Fannie Mae‑backed first‑lien mortgage with a separate loan secured by the Bitcoin collateral. Both loans carry the same interest rate and amortization schedule, and a single monthly payment covers both obligations. Better Mortgage originates and services the loans, while Coinbase provides the infrastructure for holding and transferring the Bitcoin. The Bitcoin remains locked in a Coinbase Prime account and cannot be traded or withdrawn until the mortgage is repaid or refinanced, at which point the collateral is returned. The product does not trigger margin calls if Bitcoin’s price falls, but Better may liquidate the pledged Bitcoin if a borrower is 60 days delinquent on payments. Applicants must be US residents with a verified Coinbase account, meet Better’s credit and income underwriting standards, and hold sufficient Bitcoin. Coinbase One members can receive up to $10,000 as a lender credit for eligible financing. Better expanded the program to its other mortgage, home equity line of credit, and refinancing products, and early demand suggested strong interest, with more than $260 million in projected loan volume. A pilot transaction in June involved a couple in Ann Arbor, Michigan, who used Bitcoin as collateral for a Fannie Mae‑backed loan. The development reflects increasing integration of digital assets into mortgage lending as regulators consider how to assess cryptocurrency risk in housing finance.