Dual-Collateral LenderMARKET FIND

Better Mortgage — Token-Backed Conforming Mortgage Program

Better Mortgage originates a two-loan home-finance structure secured by both property and pledged bitcoin or USDC. The program combines a conforming first mortgage with a crypto-backed second-lien loan used for the down payment.

website

https://better.com

focus

Property and token-backed home financing

serves

Qualified US homebuyers with BTC or USDC

geography

Custody Model

omnibus

Term Range

15 or 30 years for first mortgage; second-loan term varies

Rates Public

False

Jurisdictions

US, subject to state and program eligibility

Property Types

SFR, condominium, townhouse

Collateral Split Notes

Fannie Mae first lien on the home plus a BTC- or USDC-backed second loan secured by a second lien.

Benefits

retain property ownership, regulated entity, public company, stablecoin accepted

Source

https://better.com/crypto-backed-mortgages

Better Mortgage launched its token-backed mortgage with Coinbase in 2026 and announced the first funded home purchase in June. The borrower receives a conforming Fannie Mae mortgage secured by the property plus a separate loan that supplies the cash down payment. That second loan is secured by pledged bitcoin or USDC and a second lien on the home, creating a documented dual-collateral structure rather than merely counting crypto as reserves. Better originates and services both loans, while the digital assets are maintained in a Better custodial account on Coinbase's platform until repayment. The public product page lists 15-year and 30-year fixed first-mortgage options and states that Fannie Mae-eligible single-family homes, condominiums, and townhouses can qualify. Pricing, combined leverage, minimum crypto contribution, liquidation protections, and state availability are determined in underwriting and the signed documents. Better is a public US mortgage company, and the product was moving from early access toward nationwide availability during summer 2026.