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Bitcoin just became a path to homeownership. Here’s howeu.usatoday.com/story/money/investing/2025/07/06/bitcoin-investing-homeownership/84427251007/
10 sats \ 2 comments \ @ch0k1 8 Jul news
Due to the rising cost of housing in America, many young people now think they might not ever be able to afford a new house. But don't worry, Bitcoin (CRYPTO: BTC) could change all that and make home ownership a reality.
At the end of June, the U.S. Federal Housing Finance Agency issued a new directive, instructing both Fannie Mae and Freddie Mac to count Bitcoin as an asset on single-family home mortgage applications. Previously, mortgage applicants had to convert any Bitcoin holdings into U.S. dollars if they wanted their crypto to count.
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21 sats \ 0 replies \ @ThatWhichisNotSeen 8 Jul
This change affects almost no one. If being used towards the down payment then one is going to have to convert regardless ; no escrow company accepts crypto for settlement. I suppose if the lender is requiring reserves then you dont need to convert but thats very edge case-y. The main change already happened which was years ago which is counting crypto that was held in coinbase or some custodian as eligible source of assets at all ( assuming the custodian publishes monthly statements that meet guideline requirements).
Wake me up when self-custodied bitcoin can be signed for to confirm ownership, then used for settlement on property purchases.
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0 sats \ 0 replies \ @mumuk123 8 Jul freebie
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