US Housing Regulator Considers Crypto for Mortgage Approval

Highlights:

• FHFA to examine how crypto for mortgage qualification could work.
• Bill Pulte backs broader asset consideration, including Bitcoin and Solana.
• A regulatory shift may open the door for crypto-backed home loans.

The Federal Housing Finance Agency (FHFA) has expressed intentions to consider digital assets such as Bitcoin to be used as a mortgage qualification. This announcement brings in a possible new transformation in the way homebuyers submit financial assets when seeking a loan.

In an X post, U.S. FHFA Director William Pulte said that the agency is looking into the possibility of including crypto holdings in the mortgage issuance process. That would enable digital currencies to be used alongside other traditional assets, such as cash, loan stocks and retirement funds during the process of evaluating loans.

We will study the usage pf cryptocurrency holdings as it relates to qualifying for mortgages.

— Pulte (@pulte) June 24, 2025

Digital Assets May Enter Mortgage Evaluation

The FHFA regulates key housing finance institutions such as Fannie Mae and Freddie Mac. Traditionally, such institutions accept only financial figures that are based on fiat. However, this model is now challenged by the growing popularity of crypto.

In March, Pulte, an investor in Bitcoin and Solana, assumed the role of FHFA director after being appointed by Trump. As per his personal financial disclosures, he has investments in the range of $500,001 and $1 million in both assets. His management is largely credited as a justification for this crypto-friendly move in the agency. In the event that evaluation proceeds, it may provide the foundation on which national standards of crypto for mortgages are organized. Although FHFA did not mention a timeframe, the move has brought about responses by leaders in the industry.

Risk Models and Industry Support Emerge

Following Pulte’s post on X, Michael Saylor, the chairman of Strategy, responded to the post publicly. He proposed a Bitcoin credit model for the company to help in underwriting mortgages. The model is based on the computation of borrower strength on the basis of price trends, volatility, loan terms and estimated returns.

We have developed a BTC Credit model that we are happy to share. It takes into account Loan Duration, Collateral Coverage, BTC Price, BTC Volatility, and BTC ARR outlook to generate statistical BTC Risk and BTC Credit spreads. Try it now on our website:https://t.co/uTlyGWdoMu

— Michael Saylor (@saylor) June 24, 2025

This model may assist in determining the creditworthiness of crypto holders. It calculates risk, makes adjustments against price fluctuation, and allows assets to sustain the loan over time. Moreover, lenders would subsequently evaluate digital assets as safe as they do stocks or savings accounts.

Crypto-backed mortgages already exist in the private financial sector, but these generally necessitate high rates of collateralization. Such companies tend to provide fiat loans using locked digital assets. In case crypto prices decline, borrowers have to deposit additional funds to prevent liquidation.

Should FHFA guidelines embrace such models, the traditional banks will also do the same. That would enable mainstream mortgage products to take digital asset collateral under control and with less risk. In addition, the shift could also make lending available to younger, crypto-native buyers.

Legislative Momentum Fuels the Shift

The shift is also an indication of a shift in the U.S. in its attitudes toward digital assets. The Digital Asset Market Clarity Act of 2025 already has a provision that dictates equal treatment of crypto in federal loan systems. In addition, it also prohibits lenders from excluding digital assets in the process of mortgage underwriting. Supporters believe the market is evolving faster than regulations and welcome the FHFA’s interest. They argue that recognizing crypto for mortgage use could help modernize outdated lending rules. Some warn, however, against duplicating existing safeguards with extra regulation.