00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Fannie Mae is partnering with Better Home and Finance and Coinbase to allow borrowers to
00:06use digital assets to support home purchases, according to Benzinga.
00:10Borrowers take out a standard mortgage for the property and a separate second loan secured by
00:15Bitcoin or USDC held in a Coinbase custody wallet. The structure lets borrowers access
00:20funds for a down payment without selling crypto and triggering capital gains taxes.
00:24The second loan carries about a 40% loan-to-value ratio to manage volatility risk.
00:30The first mortgage must meet standard criteria on income, credit, and property.
00:34The program targets buyers with crypto holdings, but limited cash.
00:38Rates are expected to run 0.5 to 1.5 percentage points above standard 30-year fixed mortgages.
00:44For all things money, visit Benzinga.com.
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