Major lender Newrez to accept Bitcoin, Ethereum, and stablecoins for mortgage qualification

Major US non-bank lender Newrez announced it will start accepting eligible cryptocurrency holdings as part of mortgage qualification beginning in February. The accepted assets include Bitcoin, Ethereum, SEC-approved spot ETFs backed by BTC or ETH, and USD-backed stablecoins. This allows homebuyers to use these assets for income and asset verification without needing to liquidate them first. Newrez President Baron Silverstein stated that rising crypto ownership and institutional involvement made this the right time to integrate crypto into lending, enabling consumers to "preserve investments while accessing innovative financing solutions." Chief Commercial Officer Leslie Gillin noted that this move aligns with the financial behavior of younger generations, many of whom own crypto. To qualify, crypto holdings must be held with US-regulated exchanges, brokerages, or banks, and a volatility-adjusted valuation will be applied, though all mortgage payments and closing funds must still be in USD.

(Source：Crypto Briefing)