William Pulte, the director of the Federal Housing Finance Agency, instructed mortgage heavyweights Fannie Mae and Freddie Mac to prepare a proposal for their businesses to include cryptocurrency as an asset for a home mortgage “without conversion of said cryptocurrency to U.S. dollars,” the order stated.
Fannie Mae and Freddie Mac, government-sponsored mortgage companies that provide liquidity to the mortgage market, guarantee the majority of the 51 million mortgages in the US.
Pulte’s order is a stark contrast from Fannie Mae’s 2025 Selling Guide, which states “virtual currency may not be used for the deposit on the sales contract (earnest money) for the purchase of the subject property.”
Move could change home ownership
“This is a really revolutionary moment that’s going to change home ownership forever,” according to Jason Brett, a former Federal Deposit Insurance Corporation regulator who also worked the treasury on the Home Affordable Modification Program.
Members of Gen Z, who have a higher inclination to hold cryptocurrencies compared to previous generations, have been dismayed about home affordability, but the order could allow them to leverage their crypto to get a single-family mortgage loan, Brett told Sherwood News.
Yaël Ossowski, deputy director at the Consumer Choice Center and a fellow at the Bitcoin Policy Institute, told Sherwood that the order is a massive signal to entrepreneurs, lenders, and potential homebuyers that cryptocurrency assets can act as “an explicit entry point in the mortgage finance industry.”
Ossowski continued, “This reform simply recognizes the thriving and revolutionary potential of bitcoinBTC $117,974.63 (0.91%) and crypto assets, unlocking the potential of home ownership for millions of American savers, investors, and technology enthusiasts.”
Read the full text here