Major lender Newrez to accept Bitcoin, Ethereum and stablecoins for mortgages

Key receivers

Newrez will begin accepting eligible crypto holdings as mortgage collateral. The move puts NewRiz in line with the country's top 25 lenders to officially recognize crypto as collateral.

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Major US bank lender NewRiz will allow borrowers to include certain crypto holdings when applying for a mortgage starting in February. Eligible assets are Bitcoin, Ethereum, SEC approved stablecoins backed by BTC or ETH and USD.

Unlike the traditional practice, home buyers can use these properties for income and asset proof without having to sell.

In announcing the decision to recognize crypto as an asset for borrowers, Newsrez President Baron Silverstein said the rise in crypto ownership and institutional participation makes it the right time for lenders to bring crypto into mortgage lending.

That way, consumers can “maintain investments while accessing innovative financing solutions,” Silverstein said.

Financial institutions are adapting to the growing role of digital assets in personal and institutional portfolios. Newrez is positioning its bond products around the next wave of wealth owners' financial behavior.

“At NewRez, we are committed to meeting consumers where they are. Today, the global crypto market has topped $3 trillion, and approximately 45% of Gen Z and Millennial investors—many of whom are future home buyers—own crypto,” said Leslie Gillin, NewRez Chief Commercial Officer. “Our mission at Newrez is to do everything we can to create a home, and this innovation marks another step in creating new ways to own a home, giving consumers flexibility and control.”

According to Newrez, to qualify, crypto holdings must be held by US-regulated exchanges, brokers or banks, and a volatility-adjusted valuation will apply. The company, however, said all mortgage payments and closing funds are required in USD.