Crypto Mortgages | No Collateralization Required

What Is a Crypto Mortgage?

A crypto mortgage allows borrowers to use eligible cryptocurrency holdings to help qualify for a home loan. While some programs require investors to pledge or lock up their digital assets, LendFriend Mortgage uses an asset depletion mortgage approach that can convert eligible Bitcoin and Ethereum holdings into qualifying income.

This is often preferred by crypto investors who want to maintain ownership and flexibility without selling or locking up their tokens.

Crypto Mortgage Solutions Across Key States

LendFriend helps Bitcoin and Ethereum investors qualify for mortgages without selling or pledging their crypto. Eligible BTC and ETH holdings can be converted into qualifying income through asset-based underwriting, allowing borrowers to preserve ownership and flexibility while financing real estate.

In Illinois, we help crypto investors finance homes across Chicago, the North Shore, and other high-value Illinois markets. LendFriend has already helped an Illinois borrower purchase a $2 million Northbrook home with a $1.5 million crypto mortgage using Bitcoin and Ethereum as qualifying assets.
For Florida homebuyers, Bitcoin and Ethereum can support mortgage qualification without being pledged as collateral. This can be especially valuable for crypto investors purchasing luxury homes, second homes, and waterfront properties in Miami, Palm Beach, Naples, Fort Lauderdale, and other major Florida markets.
In Texas, we work with crypto investors across Austin, Dallas, Houston, and other major markets. Qualified borrowers can use verified Bitcoin and Ethereum holdings while keeping their crypto under their control, without custody transfers, margin calls, or forced liquidation.

LendFriend also provides crypto mortgage options for buyers in New Jersey, California, and North Carolina, helping Bitcoin and Ethereum investors use digital wealth to qualify for real estate financing without locking up their holdings.

Crypto Mortgage Experts

We help Bitcoin and Ethereum investors use their digital wealth to qualify for a mortgage without selling or pledging their crypto. BTC and ETH holdings can be converted into qualifying monthly income through an asset-based mortgage program designed for high-net-worth crypto investors.

No Tax Returns Required

Qualify using verified Bitcoin and Ethereum holdings without relying on W-2s, tax returns, or traditional employment income. Your BTC and ETH can support mortgage qualification while remaining invested and under your control.

Keep Your Bitcoin & Ethereum

Your crypto does not need to be pledged as collateral or locked up for the life of the mortgage. That means no margin calls, no forced liquidation tied to market swings, and no requirement to sell BTC or ETH simply to qualify for a home loan.

Fast Approvals Nationwide

Get preapproved for a crypto mortgage in as little as 24 hours. We help Bitcoin and Ethereum investors finance primary homes, second homes, and investment properties with mortgage options built around substantial digital asset holdings.

Don't Liquidate Your Crypto to Buy a House. Avoid an Unnecessary Capital Gains Event.

Traditional mortgage guidelines may require Bitcoin or Ethereum to be converted to cash before those assets can be used for qualification or closing. That can mean selling an investment you would rather continue holding.

LendFriend helps qualified borrowers purchase a home using eligible Bitcoin or Ethereum holdings—without selling their crypto and realizing capital gains from that sale.

Keep your crypto invested. Maintain exposure to Bitcoin or Ethereum instead of liquidating long-term holdings to qualify for a mortgage.
No forced liquidation. Use eligible crypto assets for mortgage qualification while maintaining ownership and flexibility.
Avoid an unnecessary taxable sale. Keeping your BTC or ETH invested can help you avoid realizing capital gains simply to obtain financing.

Whether you’re looking for a Bitcoin mortgage or using Ethereum to qualify for real estate financing, LendFriend helps turn digital wealth into homebuying power while allowing you to keep your crypto

Crypto Mortgage Loans We’ve Closed Without Borrowers Selling Bitcoin

We have helped borrowers use Bitcoin and Ethereum holdings to qualify for mortgages when traditional income did not reflect the full strength of their financial profile. These are real crypto mortgage scenarios where digital asset wealth helped borrowers purchase homes while maintaining their BTC or ETH positions and avoiding the limitations of traditional underwriting. Names and identifying details have been changed for privacy.

Austin Buyer Purchases $3M Home Without Selling Bitcoin

A buyer purchasing a $3M home in Austin needed a $2.4M mortgage and used a $600K crypto-backed loan for the down payment. LendFriend built the financing around the borrower’s full asset profile and Bitcoin holdings, helping the buyer close on the Tarrytown home without selling any Bitcoin.

Fort Lauderdale Buyer Closes Crypto Mortgage in 20 Days

A buyer purchasing a $500K home in Fort Lauderdale needed a $400K mortgage and had significant Bitcoin assets. LendFriend matched the borrower with a crypto mortgage program that could evaluate digital assets for qualification, helping close the $400K loan in just 20 days.

Northbrook Buyer Uses Bitcoin to Qualify for $2M Mortgage

A buyer purchasing a $2.5M Northbrook home needed a $2M jumbo mortgage, but W-2 income alone was not enough to qualify. LendFriend used the borrower’s Bitcoin holdings to supplement income through an asset-based crypto mortgage strategy, allowing the borrower to qualify and close without selling Bitcoin.

Dallas Retiree Uses Bitcoin Wealth to Qualify

An early retiree purchasing a $1M Dallas home needed a $750K mortgage and held substantial wealth in Bitcoin. LendFriend used the borrower’s Bitcoin assets to support mortgage qualification instead of relying on employment income, helping close the $750K crypto mortgage while keeping the Bitcoin invested.

Who Are Crypto Mortgage Solutions Right For?

Long-term Bitcoin and Ethereum holders with significant digital asset portfolios who want to buy a home without selling or locking up their crypto.
W-2 borrowers looking to increase their homebuying budget by using eligible BTC or ETH holdings to supplement traditional employment income.
High-net-worth individuals with wealth spread across crypto, brokerage accounts, retirement funds, and other eligible assets.
Crypto investors diversifying into real estate who want to preserve their Bitcoin or Ethereum position while financing a primary home, second home, or investment property.
Retirees, founders, and entrepreneurs with substantial assets but limited traditional income documentation.

Crypto mortgage programs can work for borrowers with little traditional income and for high-earning W-2 buyers who simply want their Bitcoin or Ethereum wealth to help them qualify for a larger mortgage.

Crypto Asset Depletion Mortgage

With asset depletion, eligible Bitcoin, Ethereum, cash, stocks, retirement accounts, and other assets can be used to calculate qualifying income for a mortgage. Your crypto helps you qualify without being pledged against the home loan.

Pros

Keep Bitcoin and Ethereum invested instead of selling to qualify
No crypto collateralization, margin calls, or forced liquidation after closing
Maintain control of your crypto while using it to support mortgage qualification
Access long-term mortgage financing, including 30-year fixed-rate options
Combine crypto and other eligible assets with W-2 income or other qualifying income to increase your purchasing power

Cons

Crypto and other non-cash assets are typically discounted when calculating qualifying income
You still need sufficient funds for the down payment, closing costs, and required reserves
Assets used for the down payment may reduce the assets available for qualification

Crypto Collateralization

Collateralization allows you to borrow against Bitcoin or other eligible cryptocurrency by pledging the crypto as security for a separate loan, while preserving ownership and potentially avoiding an immediate taxable sale.

Pros

Can also access cash without immediately selling Bitcoin
Potential financing up to 100% LTV by using pledged crypto as additional collateral for the mortgage

Cons

Bitcoin or other crypto must be pledged or locked as collateral during the term of the mortgage
Borrowers may need roughly 2x the crypto value of the amount being borrowed
Interest rates and borrowing costs can be substantially higher than asset depletion loan financing
Crypto price declines can trigger additional collateral requirements or forced liquidation
Shorter loan terms can create added repayment or refinancing pressure

Which Option Is Better for a Crypto Mortgage?

For most qualified Bitcoin and Ethereum investors seeking long-term home financing, asset depletion offers significant advantages. Eligible crypto can help support mortgage qualification while remaining invested, and the home secures the mortgage rather than your Bitcoin.

Collateralization can still be valuable when you need liquidity. For example, a borrower with substantial Bitcoin but limited cash could potentially use a smaller collateralized crypto loan for the down payment while using asset depletion for the larger mortgage.

That approach keeps the higher-cost crypto debt limited while allowing the majority of the home purchase to be financed with a long-term crypto mortgage.

“Outstanding Experience with LendFriend! I just closed on my home with LendFriend, and the whole process was fantastic. The team was professional, super responsive, and genuinely cared about making things easy for me. They explained every step clearly, answered every question, and turned what can be a stressful experience into something completely smooth.

What truly stands out is how forward-thinking they are--they accept cryptocurrency holdings as proof of assets/income, which made qualifying a breeze for me in ways traditional lenders couldn't. Communication was excellent, they locked in a great rate, closed right on schedule with zero hidden fees, and the online portal was incredibly user-friendly.

If you're looking for a modern mortgage lender that truly puts customers first and embraces crypto, go with LendFriend. I'll be recommending them to all my friends and family--thank you for helping make my dream home a reality!”

“I had a phenomenal experience working with Eric, Morgan, and Crystal at LendFriend and cannot recommend them enough. They helped me secure an asset depletion mortgage (30 year fixed rate), allowing me to qualify using my Bitcoin and Ethereum holdings.”

“LendFriend helped me buy my home using my Bitcoin to qualify. I first spoke with a few lenders that my friends recommended to see if I could get a mortgage without selling my Bitcoin and they all turned me down. So, I asked ChatGPT who does crypto mortgages and found these guys.

Eric was available 24/7, knew what he was doing and answered all my questions. They got me closed early, and my wife and I love our house. Highly recommend LendFriend!”

“LendFriend Team, I wanted to express my gratitude for your professionalism and guidance in securing the financing for our new home.

The world of mortgages felt overwhelming and honestly in my current position I was almost about to give up, but you made it possible with a clear process and super straightforward.

We were impressed with your ability to secure loan (Non-QM/Asset-based), I looked around and there are very few who are interested in posting these type of loans, and I know there are a lot of people like me out there.

The clarity and responsiveness were a huge comfort. We truly appreciate your hard work in making our home-ownership dream a reality.

I look fwd working with you in the future. Thank you again.”

“Michael and team take care of their customers and find you the best deal for your situation. This is old school white glove service with a modern 24/7 email/text flavor.

Highly recommend them!”

“Eric and his Team were super professional, knowledgeable, timely, and friendly! They made their part of the home buying process less stressful and an overall enjoyable experience. We have already referred them to others who have had similar experiences. We look forward to working with them in the future.”

What is a Crypto Mortgage?

A crypto mortgage is a home loan that allows you to use your cryptocurrency holdings, such as Bitcoin or Ethereum, as a factor in qualifying for a mortgage.

Some lenders require that you pledge your crypto as collateral. But Not LendFriend.

At LendFriend, we treat your crypto holdings as qualifying income. This means no portfolio pledging and no capital gains tax. It’s a smarter, more flexible approach than what traditional crypto mortgage lending companies offer.

How it works: A client in Los Angeles held $5M worth of Bitcoin in a hard wallet. Using our crypto-backed mortgage solution, he qualified to buy a home with a $2M mortgage, without needing to show any other income or additional assets. He bought his home just 3 weeks later and got the bitcoin mortgage he needed without selling coins or locking them up as collateral.

Which states can I get a crypto mortgage in?

LendFriend is licensed in 17 states and structures crypto mortgages in all of them. Alongside our largest markets in Texas, Florida, and California, we regularly close crypto mortgages in Colorado, Connecticut, Georgia, and Virginia. The program works the same way in every state. What changes is the price point, the property type, and how much of the qualification your digital assets need to carry.

Can I combine crypto-backed asset income with other income sources (like a job or rental income)?

Yes! You can use multiple sources of income along with crypto asset depletion income with other documented sources like W-2 income, rental income, or retirement benefits. This can help you qualify for a larger crypto mortgage or improve your debt-to-income ratio when applying for a crypto mortgage.

Do I need to sell my Bitcoin or Ethereum to qualify for a loan?

No. Our crypto mortgage programs let you qualify without selling your digital assets. Instead of selling your crypto, leverage your crypto to buy a house. By leveraging it, you can avoid capital gains tax while still using your crypto wealth to buy a home.

Can I qualify if my crypto assets are held in a trust or custodial account?

Yes. As long as you can prove access and control over the account, your crypto is eligible—even in a custodial trust or Coinbase Institutional wallet. This is common for high-net-worth investors using structured trusts or cold storage.

Can I use a crypto mortgage for a second home or an investment property?

Yes. Eligible Bitcoin and Ethereum holdings support qualification whether the property is a primary residence, a second home, or a rental, and the home does not have to be in the state where you live. Second-home buyers use this often in Idaho and Tennessee, and investors finance rental property with it in Ohio. Down payment and reserve requirements are higher on second homes and investment properties than on a primary residence, so the asset calculation matters more on those files.

How does a crypto-backed mortgage compare to taking out a short term loan from a crypto lender like Unchained?

Loans from platforms like Unchained are fundamentally short-term liquidity tools, not long-term housing solutions. These loans are typically structured as one-year terms, often around 15% interest, with hefty origination fees layered on top. On top of that, borrowers face full collateralization requirements and ongoing price risk—if crypto values drop, additional collateral may be required or the loan can be forced into liquidation.

Crypto-backed mortgages are built differently. Rather than a short one-year loan with high rates and heavy fees, they offer long-term 30-year mortgage structures with rates near conventional mortgage rates and no margin calls. Crypto is used to support qualification or reserves instead of being locked up at aggressive loan-to-value thresholds. There’s no forced selling, no liquidation risk tied to daily price swings, and no need to roll or refinance a loan every twelve months.

For borrowers who used a crypto loan for speed or temporary liquidity, a crypto-backed mortgage can be the next step—replacing an expensive, short-term structure with a stable home loan that keeps crypto intact while eliminating high rates, large origination fees, and collateral stress

What credit score do I need to get approved?

Crypto mortgage programs require a 700+ credit score, since these are non-QM loans designed for high-net-worth borrowers using alternative income documentation. However, if you want the best rate you should aim for a 780+ credit score.

What's the minimum down payment required with a crypto mortgage?

Typically, lenders will require using a down payment of at least 20% when purchasing a home using a crypto mortgage.

What Is the maximum loan amount for a crypto mortgage?

Crypto mortgage loan amounts can reach up to $10 million, depending on your Bitcoin or Ethereum holdings, credit profile, down payment, property, and selected lender. For higher-priced homes, borrowers can use jumbo loans and jumbo asset depletion loans to qualify for larger mortgage amounts using eligible assets instead of relying solely on traditional income.