America’s first Fannie Mae-backed mortgage collateralized by crypto is launching, allowing borrowers to use Bitcoin and/or USD Coin for a down payment without selling assets.

The product targets high digital-asset wealth with limited liquid cash, addressing a down payment gap for buyers who have income and credit but lack cash, in a trend toward older first-time homebuyers and rising down payment challenges.

A nationwide rollout is planned for the summer of 2026, extending access to homeowners who hold crypto without liquidating it.

Early profitability signs show margins around 12.7%, down from 22.1% last year, with some one-off items noted as the product slate expands.

The approach faces scrutiny over volatility and political risk, with lawmakers weighing housing and financial stability implications and considering possible statutory changes to formalize underwriting.}} ,{