US lender Newrez to accept crypto holdings in mortgage approval

Newrez, a major non-bank mortgage lender operating in the United States, has announced a significant policy shift that will allow applicants to use verifiable cryptocurrency holdings as eligible assets for mortgage qualification. This decision represents a major step towards integrating digital assets into the mainstream housing finance sector.

Under the new guidelines, Newrez will accept documented crypto balances—including stablecoins, Bitcoin, and Ethereum—to meet requirements for down payments and financial reserves, provided the funds are liquidated and converted into U.S. dollars prior to closing. A key component of the policy is the stringent verification process required to ensure the legitimacy and stability of the crypto assets, typically involving partnership with specialized fintech platforms to track asset lineage and proof of ownership.

Industry analysts note that this move broadens the potential applicant pool, specifically targeting tech-savvy buyers and younger generations who have accumulated substantial wealth in digital currencies but may lack traditional asset balances in conventional bank or brokerage accounts. By acknowledging crypto as a legitimate source of wealth, Newrez is positioning itself at the forefront of financial innovation in the highly regulated mortgage market, pressuring competitors to potentially adopt similar policies in the near future.

Source: US lender Newrez to accept crypto holdings in mortgage approval