Crypto Investors
A meaningful portion of net worth is held in digital assets.
Crypto & Digital Assets
Your Portfolio Doesn't Have to Look Traditional.
If a meaningful share of your net worth is held in cryptocurrency, certain specialized mortgage programs may recognize eligible digital assets as part of an asset-based qualification strategy.
- Crypto Asset Utilization*
- Combine With Other Assets*
- Potential Income Allowance*
- Specialized Non-QM Programs
Quick Answer
Certain specialized Non-QM programs may recognize eligible cryptocurrency holdings as part of an asset-utilization calculation. Because crypto is significantly more volatile than cash and many traditional securities, lenders may recognize only a portion of its current U.S.-dollar value. As a useful example, some programs may apply an approximately 40% utilization factor — but the actual percentage, eligible assets, custody requirements and program availability can change frequently.
*Cryptocurrency eligibility, utilization factors and program guidelines can change frequently and must be verified for each transaction.
What Could $5 Million in Crypto Look Like?
$5 Million in Crypto Doesn't Mean $5 Million of Mortgage Assets.
Crypto Portfolio
$5,000,000
Illustrative Crypto Utilization Factor
40%
Estimated Eligible Asset Value
$2,000,000
$2,000,000
60-Month Illustrative Continuance
Approximately
$33,333/mo
Potential Asset-Derived Qualifying Income
That's the difference between portfolio value and mortgage qualifying value.
Illustrative example only. Based on an example 40% crypto utilization factor and 60-month asset-utilization period. Actual treatment varies by lender and program and can change.
Why Would a $5 Million Portfolio Be Treated Like $2 Million?
Cryptocurrency can move substantially in value over relatively short periods. Because of that volatility, a lender may apply a significant discount or utilization factor rather than recognize 100% of today's market value.
In this example, $5,000,000 of market value becomes $2,000,000 of qualifying asset value at a 40% utilization factor. That factor is illustrative of certain available programs — not a universal industry standard.
"The haircut isn't saying your portfolio is worth less today. It's accounting for how much it could be worth tomorrow."
Crypto Guidelines Can Change Faster Than the Market Around Traditional Assets.
Cryptocurrency is one of the areas of mortgage lending where program guidelines can change frequently. A lender or investor may recognize a particular asset, exchange, custody structure, or utilization percentage today and treat it differently later.
Changes may be driven by:
- crypto market volatility
- lender risk appetite
- investor requirements
- eligible asset changes
- custody requirements
- exchange/platform requirements
- regulatory developments
- secondary-market conditions
Never assume today's crypto guideline will still apply when you're ready to buy or refinance.
Bring the portfolio. We'll verify the current guidelines.
Program information last reviewed: August 2026
$5 Million in Crypto May Be Only Part of the Picture.
Certain asset-utilization programs may allow eligible cryptocurrency to be combined with other eligible assets.
CryptoCash / SavingsBrokerage AssetsEligible Retirement AssetsTotal Eligible Asset Base*
*Subject to the eligibility and utilization rules of the applicable program.
The better question isn't simply, "How much crypto do you own?" It's, "What can your entire eligible balance sheet support?"
Explore Asset-Based LoansDo I Have to Liquidate $5 Million in Crypto to Qualify?
Not necessarily. Certain specialized programs may allow eligible cryptocurrency holdings to contribute toward an asset-utilization calculation without requiring the entire position to be liquidated.
However, liquidation or conversion may still be necessary when:
- funds are actually needed for down payment
- funds are needed for closing costs
- the specific program requires conversion
- the cryptocurrency or custody method is not eligible
- sufficient other eligible assets are unavailable
- lender guidelines require liquidation
"Using crypto to qualify and using crypto to close are two different questions."
$5 Million You Can Verify Is Different From $5 Million You Can't.
Underwriting may need to establish:
- borrower ownership
- current U.S.-dollar market value
- transaction history
- custody
- eligible exchange/platform
- transfer history
- source of funds
- liquidation trail when applicable
Wallets, exchanges, custody arrangements, and individual digital assets may receive different treatment depending on the lender.
With crypto, documentation can matter almost as much as value.
Built for Borrowers With a Different Balance Sheet.
Entrepreneurs
Wealth accumulated through business ownership and alternative investments rather than traditional payroll income.
High-Net-Worth Borrowers
Substantial overall assets with meaningful cryptocurrency exposure.
Investors
Borrowers whose balance sheet combines digital assets with cash, securities, retirement assets, real estate, or other investments.
Not Every Asset Gets the Same Treatment.
Cash / Traditional Eligible Assets
May receive a higher qualifying percentage depending on the program.
Crypto
May receive a substantially reduced utilization percentage because of volatility and program risk requirements.
Combined Portfolio
Certain programs may allow eligible traditional and digital assets to work together.
Your Balance Sheet Evolved
Your Mortgage Strategy Can, Too.
If digital assets represent a meaningful part of your net worth, let's determine what an available mortgage program can recognize — and how those holdings may work alongside the rest of your balance sheet.
Bring the portfolio. We'll verify the current guidelines.
Frequently Asked Questions
Potentially. Traditional mortgage programs may provide limited recognition of cryptocurrency, while certain specialized Non-QM programs may recognize eligible digital assets as part of an asset-utilization strategy — either generating asset-derived qualifying income or combining with other eligible assets. Eligibility depends entirely on the program in effect when you apply.
Programs that recognize crypto typically apply a utilization factor — recognizing only a portion of the current U.S.-dollar market value to account for volatility. Some programs have applied a factor in the neighborhood of 40%, but that figure is an illustrative rule of thumb, not a universal or permanent requirement. Actual percentages, eligible assets, and custody rules vary by lender and can change.
Because cryptocurrency can move substantially in value over short periods. A lender may apply a significant discount — a utilization factor — rather than recognize 100% of today's market value, so a $5 million portfolio might be treated as $2 million of qualifying assets in a program using a 40% factor. That 40% is illustrative of certain available programs, not an industry standard.
Not necessarily. Certain specialized programs may allow eligible holdings to contribute toward an asset-utilization calculation without full liquidation. However, liquidation or conversion may still be required when funds are needed for the down payment or closing costs, when the program requires conversion, or when the specific asset or custody method is not eligible. Requirements depend on the program and how the funds will be used.
Certain asset-utilization programs may allow eligible cryptocurrency to be combined with other eligible assets — cash, brokerage holdings, retirement assets — into a total eligible asset base. Each asset class is subject to its own eligibility and utilization rules under the applicable program.
Under certain Non-QM asset-utilization programs, eligible crypto holdings may be converted into a monthly income allowance — for example, eligible asset value divided by a utilization period such as 60 months. The utilization factor, the period, and whether your specific assets qualify all depend on the program and must be verified at the time of application.
Using crypto to qualify and using crypto to close are different questions. Funds actually used for down payment or closing costs are generally converted to U.S. dollars and documented with a full paper trail under the program's requirements. Some programs require conversion and seasoning; treatment varies and must be confirmed for your transaction.
Crypto guidelines shift with market volatility, lender and investor risk appetite, custody and exchange requirements, regulatory developments, and secondary-market conditions. A lender may recognize a particular asset or utilization percentage today and treat it differently later — which is why current guidelines must be verified when you're actually ready to buy or refinance.