The mortgage lender and servicer Newrez LLC announced its intention to recognize cryptocurrency assets for mortgage qualification.
According to the Fort Washington, Pennsylvania-headquartered company, borrowers with crypto investments will be able to qualify for a mortgage using digital assets for asset verification and income estimation without the need to liquidate their holdings. This offering will be available in February across Newrez’s Smart Series suite of non-agency products.
“Today, an increasing number of consumers include crypto in their investment portfolios, while major financial institutions are deepening their involvement in crypto assets, supported by key regulatory developments,” said Baron Silverstein, president of Newrez. “We believe that now is the right time to prudently integrate eligible crypto assets into modern mortgage lending—enabling consumers to preserve investments while accessing innovative financing solutions.”
“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,” added Leslie Gillin, Newrez chief commercial officer. “Our mission at Newrez is to do everything possible to make home happen, and this innovation marks yet another step in creating new pathways to homeownership, giving consumers flexibility and control.”
