Newrez to Recognize Crypto Assets for Mortgage Qualification

Frequently Asked Questions

What does this announcement mean?

Newrez is excited to announce that we will recognize certain crypto assets when you apply for a mortgage. This means you can use your eligible crypto holdings when verifying assets or estimating income to help you qualify for a mortgage without having to liquidate.

Why is Newrez allowing crypto assets for mortgage qualification?

At Newrez, we’re committed to meeting borrowers where they are. Today, the global crypto market has surged past $3 trillion, and an estimated 45% of Gen Z and Millennial investors—many of whom are future homebuyers—own crypto. Our mission at Newrez is to do everything possible to make home happen and give borrowers flexibility and control.

What does this mean for borrowers who own crypto?

Borrowers today can already utilize traditional investments like stocks and bonds in the mortgage approval process; however, borrowers looking to use crypto assets have traditionally been required to sell them to realize their value in the mortgage process, reducing their financial flexibility. We will recognize eligible crypto holdings for income estimation and asset verification without requiring liquidation.

How does the process work?

We will consider eligible crypto holdings for income estimation and asset verification without requiring borrowers to sell their holdings. An adjusted valuation will apply to crypto assets to account for market volatility.

Will borrowers be able to use crypto assets to cover down payment or closing costs?

Once the mortgage is approved, borrowers will need to provide required funds in USD at closing. Our solution gives them flexibility to decide which funds to use to meet those costs at time of closing.

How will Newrez value crypto assets?

A market-adjusted valuation will apply to qualifying crypto assets, ensuring we prudently integrate eligible crypto assets into our mortgage decisions.

Which loan types allow the use of crypto for asset and income verification?

This offering will be available in February across Newrez’s Smart Series product suite—to buy or refinance a home or investment property. Smart Series is one of the industry’s most comprehensive suites of non-agency products.

Can borrowers make mortgage payments in crypto?

No, all mortgage payments must be made in USD at this time.

Which crypto assets are eligible for this program?

At launch, we’ll recognize Bitcoin (BTC), Ethereum (ETH), SEC-approved spot ETFs backed by BTC or ETH, and USD-backed stablecoins.

Which crypto exchanges or custodians must hold borrower assets for them to qualify under this program?

Eligible crypto assets must be held with U.S. regulated crypto exchanges and retail fintech apps, SEC/FINRA-regulated brokerages, or nationally chartered banks under OCC oversight.

When can borrowers use this new feature, and how do you stay updated?

Our crypto asset recognition will be available to consumers and partners beginning in February. For the latest updates, bookmark this page, visit Blueprint, or follow us on LinkedIn.

Want to learn more about helping borrowers leverage crypto assets to purchase a new home or refinance?