The Federal Housing Finance Agency (FHFA) announced on June 24 that it will begin studying how cryptocurrency holdings—such as Bitcoin and stablecoins—might influence mortgage eligibility. This initiative could reshape how digital assets are treated in the U.S. housing market, particularly by government-sponsored enterprises like Fannie Mae and Freddie Mac.
Crypto Assets Could Join Traditional Mortgage Metrics
Currently, over 15% of U.S. adults report owning some form of cryptocurrency, according to a 2024 Pew Research Center survey. Yet, these digital assets are largely excluded from mortgage underwriting. Traditionally, lenders evaluate borrowers based on credit, income, and liquid assets like cash or stocks.
The FHFA is now considering whether crypto could serve as a “fourth C” in the underwriting process. If adopted, this would allow applicants to include crypto holdings in their asset evaluation—without converting them to fiat currency first.
JUST IN: 🇺🇸 Housing Regulator (FHFA) to study how #Bitcoin and crypto holdings could affect home loan approvals. pic.twitter.com/iuBW7ev0SS
— Crypto India (@CryptooIndia) June 24, 2025
FHFA Director William J. Pulte confirmed the agency’s intent, stating, “We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages” on X (formerly Twitter).
A Policy Shift That Could Expand Access to Credit
As of Q1 2025, the average U.S. home price stands at $436,800, while the average down payment hovers around 13%, or roughly $56,784. For crypto investors, this means a sizable Bitcoin or Ethereum portfolio could potentially cover a down payment—if lenders recognize it.
However, under current FHA and VA guidelines, crypto must be converted and “seasoned” in a bank account for at least 60 days before it can be counted. This delay often penalizes digital-native borrowers.
If the FHFA’s study leads to policy changes, it could unlock mortgage access for millions of Americans who’ve built wealth through decentralized finance but remain underserved by traditional systems.
What’s Next for Crypto and Home Loans?
The FHFA oversees more than $8 trillion in mortgage assets through Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. A shift in its policy could ripple across the entire housing finance ecosystem.
While no implementation timeline has been announced, the agency’s move has already sparked debate among real estate professionals, fintech leaders, and crypto advocates. If crypto is eventually recognized as a qualifying asset, it could redefine mortgage eligibility and bring the U.S. housing market closer to the digital economy.
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