Bitcoin Buys a Home: Better and Coinbase Close First Fannie Mae-Backed BTC Mortgage

Better Home & Finance and Coinbase announced the first Fannie Mae-backed mortgage in the U.S. collateralized by Bitcoin, allowing a couple to use their Bitcoin holdings for a down payment without liquidating them. The loan structure involves two separate loans with the same terms, consolidating into a single payment, and the pledged Bitcoin is held in Coinbase custody until repayment.