Bitcoin Ethereum Accepted for Newrez Mortgages

Newrez to Accept Crypto Holdings for Mortgage Qualification

• Newrez will begin accepting eligible crypto holdings as part of mortgage qualification starting in February.
• This makes Newrez the first major lender among the top 25 in the US to formally recognize crypto in mortgage origination.
• Eligible assets include Bitcoin, Ethereum, SEC-approved spot ETFs backed by BTC or ETH, and USD-backed stablecoins.
• Borrowers can use these assets for income and asset verification without needing to sell them, unlike traditional methods.
• The company requires crypto holdings to be held with US-regulated exchanges or banks, applying a volatility-adjusted valuation. Mortgage payments must be made in USD.

Newrez is pioneering the inclusion of digital assets like Bitcoin and Ethereum in mortgage applications, reflecting the increasing role of crypto in personal finance. This move caters to younger investors who are significant crypto holders.