Rate Launches Crypto Mortgage Program Without Liquidation in the US
US lender Rate launched RateFi, a program allowing qualified borrowers to use verified crypto holdings as qualifying reserves without liquidation.Summary
US mortgage lender Rate has introduced RateFi, a nationwide program allowing qualified borrowers to utilize verified cryptocurrency holdings to satisfy underwriting requirements without needing to liquidate their digital assets. Operating under Rate's non-qualified mortgage framework, the program allows crypto assets to count as qualifying reserves and sometimes as income, though any funds for down payments or closing costs must still be converted to cash. RateFi uses a proprietary valuation framework that considers market price, liquidity, and volatility to assess digital assets, focusing on established, high-liquidity large-cap cryptocurrencies and major stablecoins. According to Kate Amor, EVP at Rate, this initiative addresses housing affordability pressures by recognizing that crypto is a foundational part of wealth building for younger generations entering the homebuying market. The program incorporates standard AML and KYC verification, aligning with broader regulatory discussions in the US about incorporating digital assets into housing finance frameworks.
(Source：Cointelegraph)