Better Mortgage and Coinbase Launch Bitcoin-Backed Mortgage Product

Better Mortgage and Coinbase have launched a new mortgage product that allows eligible U.S. homebuyers to use Bitcoin as collateral for a down payment without selling their holdings. The offering, which became generally available to Coinbase One members on August 12, 2026, combines a standard conforming mortgage with a separate down payment loan secured by the borrower's Bitcoin. The announcement was made on Wednesday, August 26, 2026, by the companies.

The product is structured as two linked loans. The first is a conventional mortgage that meets Fannie Mae guidelines, while the second is a down payment loan secured by the borrower's Bitcoin. According to the companies, borrowers must pledge Bitcoin worth at least 250% of the down payment loan amount. For example, a buyer seeking a $100,000 down payment loan would need to pledge $250,000 in Bitcoin. The pledged Bitcoin is held in a custodial account on Coinbase Prime until the mortgage is repaid or refinanced. Borrowers can choose between 15-year and 30-year fixed terms and make a single combined monthly payment.

A key feature of the arrangement is that it does not automatically trigger liquidation if Bitcoin's price falls....