Coinbase and Better have officially launched a bitcoin mortgage in the United States for eligible home buyers. The borrower would not have to sell the BTC, and would have access to loan funds for down payment. The product, which had previously been tested on a small scale, is now open to eligible users.

Two portfolios to finance

This product does not place the home and the encrypted assets in the same mortgage, but is broken down into two parts: the traditional first-place housing mortgage, which conforms to the United States standard, and the first-payment loan, which is mortgaged in bitcoin. The two loans were repaid at the same interest rate and amortization period, and the borrowers were paid in a combined monthly manner.

According to the product requirements, the applicant is required to provide at least 250 per cent bitcoin as collateral. On this basis, if the down payment loan was $100,000, the borrower would need a pledge value of at least $250,000 BTC.

After approval, the borrower is required to transfer bitcoin from the certified Coinbase account to the Better hosting account on Coinbase Prime. During the period of the loan, this part of the BTC is controlled by Better, the borrower cannot withdraw or trade.

The price drops without triggering the recovery.

Unlike common encrypted mortgages, this product does not trigger additional mortgages due to day-to-day price fluctuations in bitcoin and does not adjust the loan terms accordingly. Coinbase stated in the note that a simple decline in the value of the currency would not trigger a recovery of the bond.

However, the risk of non-compliance remains. If the borrower fails to pay on time for 60 days, Better has the right to dispose of the pledged bitcoin. As a result, borrowers, while retaining BTC ' s increased exposure, also exposed the encumbered assets to the risk of default disposal.

In addition, even if the borrower paid down the down payment in advance, the mortgaged BTC would not necessarily be released early. According to the current note, Better usually returns the entire mortgage in bitcoin after the whole mortgage has been repaid or refinancing has been completed.

Coinbase One Maximum return $10,000

For approved Coinbase One members, Better will provide a return equivalent to 1 per cent of the mortgage, up to $10,000. The refund will be used as a loan credit to offset the cost of the transaction and will be reflected in the borrower ' s transaction disclosure documents.

This benefit does not apply only to Bitcoin mortgage loans, but also extends to Better ' s standard mortgage, net worth credit lines and refinancing products. According to Better, about 76 per cent of the users on the June alternate list were themselves Coinbase One members, and about 60 per cent planned to purchase a house within six months, with an estimated loan demand of more than $260 million.

The product currently supports only bitcoin. The early scheme referred to BTC and USDC, but Coinbase's current eligibility page shows that applicants need to hold a sufficient number of BTCs in the Coinbase account to satisfy the collateral requirement.

U.S. mortgage system began accepting encrypted assets.

In June of this year, two companies completed the first United States housing loan, supported by Remy, with Bitcoin as collateral, as a test case prior to formal opening. Earlier, the United States Housing Finance Regulatory Level had also begun to provide space for digital assets to enter mortgage assessment.

In June 2025, the United States Federal Housing and Finance Office requested that the United States study how to include encrypted assets in a single household mortgage risk assessment without having to convert them into United States dollars. In January 2026, Newrez also announced that specific encrypted asset holding would be taken into account in the partial purchase and refinancing applications from February.

Against a backdrop of high house prices and borrowing costs in the United States, such products are trying to provide new ways of financing for home buyers who hold digital assets but are reluctant to sell warehouse space.