If you’ve ever thought about using your cryptocurrency to buy a home, here’s some big news: the Federal Housing Finance Agency (FHFA) is making a major move. They’ve just told Fannie Mae and Freddie Mac to get ready to consider crypto as an asset on mortgage applications. This means your Bitcoin or Ethereum might actually help you qualify for a home loan in the future.
This is a big shift. Until now, if you earned income in crypto or had savings in it, it didn’t really count when you applied for a mortgage. That could change very soon.
Trump’s vision behind the push
This new directive comes straight from FHFA Director William J. Pulte, who says it’s part of President Trump’s bigger plan to make the U.S. the “crypto capital of the world.” Pulte posted the news on social media, saying that Fannie Mae and Freddie Mac must prepare to treat crypto holdings like other financial assets.
This reverses a policy from the Biden era, when these mortgage giants avoided crypto because of its unpredictability. Back then, they said the risks were too high due to wild price swings. And let’s be honest, they weren’t wrong—Bitcoin dropped 16% in just one week this past February.
How it might work
So what exactly does this mean for you? Well, the FHFA has ordered Fannie Mae and Freddie Mac to draft a proposal that would allow crypto to count as a reserve asset during mortgage reviews. But not just any crypto—it must be stored on a U.S.-regulated exchange and comply with all U.S. laws. That means things like meme coins or assets held in foreign wallets likely won’t make the cut.
Also, they’re not requiring you to convert your crypto to dollars first—they want to assess it in its current form. But they’re also aware of the risks. The directive includes plans to consider safeguards, like adjusting for the volatility of the crypto market when evaluating an applicant’s financial situation.
Crypto use is still rare — For now
So far, crypto hasn’t played a big role in buying homes. According to the National Association of Realtors, only about 1% of buyers used cryptocurrency to make a down payment between July 2023 and June 2024. That could change if this new proposal goes through.
But it’s not a done deal yet. Even though the FHFA can issue orders to Fannie and Freddie—since the government still controls them—any final plan still needs approval from both the board and the agency itself.
What’s next?
Fannie Mae and Freddie Mac have been told to come up with a plan “as soon as reasonably practical.” So you shouldn’t expect overnight change, but things are moving in a new direction.
If you hold crypto and dream of owning a home, this could open new doors. Just keep an eye on what Fannie and Freddie propose—and how lenders respond. For now, it’s a big step toward bringing the digital currency world into the heart of the American housing market.
Read this now:
If you invested $1,000 in Chevron Coproration 10 years ago, here’s how much you would have today
What is Cyngn? The stock that has soared over 150% on news of collaboration with Nvidia
Can pet foods be purchased with SNAP Payment benefits and what is covered by Food Stamps?
Payments going out: Wells Fargo mortgage settlements are in the post
What are cheap ways to stay cool in summer, when the temperature soars?
What insurance do I need? Check your situation on National Insurance Day
