U.S. Housing Regulator Considers Crypto Assets for Mortgage Qualification

Highlights:

• FHFA explores counting crypto holdings in mortgage eligibility criteria for U.S. borrowers
• Policy change could let Bitcoin and stablecoins serve as qualifying assets alongside cash and stocks
• HUD and White House initiatives hint at broader government crypto adoption under Trump administration

Crypto assets may soon join cash, stocks, and bonds as recognized forms of borrower capital in mortgage applications. The Federal Housing Finance Agency (FHFA) has begun reviewing how digital holdings, including Bitcoin and stablecoins, might factor into mortgage eligibility. This move could expand credit access for Americans with sizable crypto portfolios while signaling a new era in U.S. housing finance.

FHFA Considers Crypto in Underwriting Models

The FHFA confirmed it is studying how cryptocurrency holdings might be integrated into the current mortgage qualification process. If implemented, the change would allow digital assets to supplement credit, capacity, and collateral—the three traditional components of loan underwriting. Borrowers could soon present verified crypto assets as proof of financial strength, potentially skipping the conversion to fiat.

Current lending rules often require crypto to be liquidated and deposited in fiat form for a period before recognition. This step adds delays and deters borrowers who prefer to retain their digital investments. By officially recognizing crypto, the FHFA would reduce friction and modernize the mortgage evaluation process.

Pulte’s Leadership Marks Pro-Crypto Turn

The shift comes under new FHFA Director Bill Pulte, who took office in March 2025 after being nominated by President Donald Trump. Pulte, a long-time advocate for digital assets, has investments in Bitcoin and Solana and has signaled a willingness to embrace emerging technologies in housing policy. His confirmation followed earlier signs of pro-crypto momentum across other federal agencies.

The Department of Housing and Urban Development (HUD) explored blockchain and stablecoin experiments in March 2025. Internal discussions focused on using distributed ledger technology to improve transparency in grant spending. Though controversial within HUD, the effort illustrated the administration’s broader appetite for crypto integration.

Broader Federal Support Signals Changing Climate

The FHFA’s review aligns with other regulatory developments favouring digital asset inclusion across government functions. At the White House Digital Assets Summit, top officials discussed creating a strategic Bitcoin reserve and expanding blockchain usage. The Trump administration’s recent appointments and deregulatory stance have emboldened federal crypto experimentation.

Analysts believe these steps could eventually standardize crypto as an asset class in lending and finance. If FHFA guidance includes Bitcoin and stablecoins, borrowers could benefit from more flexible mortgage evaluations and greater access to housing finance. However, the timeline for adoption remains uncertain pending inter-agency coordination and risk assessment.

Bitcoin Price Holds Above $100K as Sentiment Stabilizes

Bitcoin remained steady near $101,850 on Tuesday, maintaining its position above the psychological $100,000 mark. The asset has traded in a tight range, with strong resistance near $105,000 and no major selloff from institutional wallets. Despite muted price action, ETF inflows remain consistent, and bullish sentiment is supported by the growing regulatory acceptance of crypto assets.

As the FHFA review progresses, Bitcoin’s role as a legitimate financial asset continues to strengthen, setting the stage for deeper integration into mainstream economic systems.

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