Key Step Toward Crypto Integration in Mainstream Housing Finance
U.S. lender Rate has launched a nationwide mortgage program that now considers verified crypto assets during underwriting. This groundbreaking move enables qualified borrowers to use digital assets without selling them, marking a significant milestone in cryptocurrency's integration into traditional real estate financing.
New RateFi Product Expands Digital Asset Utility
The innovative RateFi solution, built upon Rate's existing non-conforming mortgage framework, allows borrowers to include crypto holdings in qualifying reserves and, in some cases, have them evaluated as income sources. This approach preserves asset liquidity while significantly expanding practical crypto applications.
Proprietary Evaluation Ensures Risk Control
- Utilizes custom-built digital asset valuation methodology
- Factors in market prices, liquidity, and asset volatility
- Completes loan assessment without mandatory crypto liquidation
- Maintains traditional mortgage risk standards
According to Kate Amor, Rate's Executive Vice President of Enterprise Products, this program provides sophisticated crypto investors with more flexible financing options while maintaining rigorous credit evaluation.
Selected Funds Require Fiat Conversion
While crypto assets can qualify for underwriting, any funds intended for down payments or settlement costs must still be converted to traditional currency. This approach maintains financial system safeguards while offering digital asset holders greater flexibility.