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First US mortgage backed by Fannie Mae using Bitcoin collateral closes in Michigan

Market News
05 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

A Michigan couple closed a home purchase using Bitcoin as collateral for a Fannie Mae-backed mortgage, marking the first government-backed loan structured this way. The loan combines a standard Fannie Mae mortgage with a separate crypto-backed loan held in Coinbase Prime custody, requiring 250% Bitcoin coverage. This approach avoids capital gains taxes by not selling Bitcoin, allowing borrowers to retain ownership while accessing funds. A nationwide rollout is expected by summer 2026, initially accepting Bitcoin and USDC as collateral, though risks remain if Bitcoin prices sharply decline.

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