EL7.AI
CryptoMediumUpdated×2•Originally published 7 September 2026•Updated 8 September 2026•
2 min read

Better-Coinbase Bitcoin Mortgage Program Reports $360 Million in Pre-Applications

Key Facts

1The program's reported requested pre-application volume was $360 million, not funded loans.
2Pledged BTC must be worth at least 250% of the down-payment loan.
3Better may liquidate the crypto collateral after 60 days of delinquency.
4Coinbase (COIN) closed at $184.64 on September 4, 2026, after an intraday high of $189.

Better Mortgage has opened applications for a Bitcoin-backed home-financing program powered in part by Coinbase. Blockonomi reported $360 million in requested pre-application volume since general availability; that figure measures applicant interest, not approved or funded mortgages.

The financing combines two loans originated by Better: a Fannie Mae-conforming mortgage secured by the property and a separate down-payment loan secured by Bitcoin and a second lien on the home. Coinbase says the loans carry the same interest rate and amortization term and are paid through one combined monthly payment.

The program requires pledged BTC to be worth at least 250% of the down-payment loan. After approval, the Bitcoin moves from the customer's Coinbase account to a Better-owned custodial account on Coinbase Prime; Coinbase does not originate or service the mortgage.

Applicants must be U.S. residents with a verified Coinbase account in good standing and sufficient BTC. Better remains responsible for assessing income, creditworthiness and other underwriting factors, so Bitcoin collateral does not replace the qualification requirements for the primary mortgage.

Bitcoin price movements alone do not change the loan terms or trigger margin calls. Better may, however, liquidate pledged crypto after the borrower remains delinquent for 60 days, separating payment-default risk from BTC price risk.

Better offers 15-year and 30-year fixed mortgage options. The Bitcoin remains in custody until full repayment or refinancing and is then returned subject to the loan terms, potentially restricting the asset for a long period while the borrower retains exposure to Bitcoin gains and losses.

The reported $360 million is pre-application volume rather than the value of closed mortgages. Approval rates, completed closings and repayment performance will provide better measures of adoption and credit quality than requested volume alone.

Coinbase (COIN) shares closed at $184.64 on September 4, 2026, after reaching an intraday high of $189, according to EL7 data.