Newrez to Recognize Crypto Assets for Mortgage Qualification

Newrez is excited to announce that we will recognize certain crypto assets when you apply for a mortgage. This means you can use your eligible crypto holdings when verifying assets or estimating income to help you qualify for a mortgage without having to liquidate.

At Newrez, we’re committed to meeting consumers where they are. Today, the global crypto market has surged past $3 trillion, and an estimated 45% of Gen Z and Millennial investors—many of whom are future homebuyers—own crypto. Our mission at Newrez is to do everything possible to make home happen and give our consumers flexibility and control.

Consumers today can already utilize traditional investments like stocks and bonds in the mortgage approval process; however, consumers looking to use crypto assets have traditionally been required to sell them to realize their value in the mortgage process, reducing their financial flexibility. We will recognize eligible crypto holdings for income estimation and asset verification without requiring liquidation.

We will consider eligible crypto holdings for income estimation and asset verification without requiring you to sell your holdings. An adjusted valuation will apply to crypto assets to account for market volatility.

Once your mortgage is approved, you’ll need to provide your required funds in USD at closing. Our solution gives you flexibility to decide which funds to use to meet those costs at time of closing.

A market-adjusted valuation will apply to qualifying crypto assets, ensuring we prudently integrate eligible crypto assets into our mortgage decisions.

This offering will be available in February across Newrez's Smart Series product suite - to buy or refinance a home or investment property. Smart Series is one of the industry’s most comprehensive suites of non-agency products.

No, all mortgage payments must be made in USD at this time.

At launch, we’ll recognize Bitcoin (BTC), Ethereum (ETH), SEC-approved spot ETFs backed by BTC or ETH, and USD-backed stablecoins.

Eligible crypto assets need to be held with U.S. regulated crypto exchanges, and retail FinTech apps, SEC/FINRA-regulated brokerages, or nationally chartered banks under OCC oversight.

·.   Our crypto asset recognition will be available to consumers and partners beginning in February. For the latest updates, bookmark this page, visit Newrez.com, or follow us on LinkedIn.

·    Want to learn more about leveraging your crypto assets to purchase a new home or refinance? Get in touch with us via the form below.