Coinbase is widening access to its Bitcoin-backed mortgage offering, giving crypto holders a way to buy homes without liquidating their BTC — or worrying about margin calls. The exchange and Better Mortgage have taken their token-collateralized conforming mortgage out of pilot and made it generally available to Coinbase One members across the U.S. The program follows the pair’s milestone in June when they closed the first Bitcoin-backed mortgage structured to Fannie Mae conforming standards. How it works - Better originates and services the loans; Coinbase supplies the crypto-collateral mechanics. - The mortgage’s first lien is a standard conforming home loan under Fannie Mae guidelines. - Separately, qualified borrowers can pledge digital assets alongside that mortgage to cover the down payment — rather than selling holdings — while avoiding crypto margin calls. Early demand signaled strong interest: a June waitlist produced more than $260 million in projected loan volume, with 76% of respondents already Coinbase One members and 60% saying they planned to buy a home within six months. The expanded program launched on August 12. Perks for Coinbase One members Approved Coinbase One users who take a Better loan can receive a lender-funded credit equal to 1% of the mortgage amount, capped at $10,000. Better says that credit now also applies to standard mortgages, home equity lines of credit (HELOCs), and refinances — not just the token-backed product. Why it matters Moving from a proof-of-concept to broader availability marks a potential inflection point for crypto-finance: the product blends conventional mortgage underwriting with token-backed collateral, testing whether crypto can play a sustainable role in mainstream U.S. home lending without forcing borrowers to sell assets or accept the volatility-driven risks of margin lending. Read more AI-generated news on: undefined/news