Fannie and Freddie Ordered to Consider Crypto Assets in Loan Risk

For the first time, Fannie Mae and Freddie Mac are being told to seriously consider cryptocurrency as part of the mortgage equation. 

In a directive issued Wednesday, FHFA Director Bill Pulte instructed the government-sponsored enterprises (GSEs) to explore how crypto could be used as an asset in single-family loan risk assessments without requiring conversion to U.S. dollars. 

After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.

SO ORDERED pic.twitter.com/Tg9ReJQXC3

— Pulte (@pulte) June 25, 2025

Pulte’s Directive

Until now, any crypto had to be liquidated before it could be used in the mortgage process. But under this new order, borrowers could potentially use assets like Bitcoin or Ethereum to help qualify, as long as the funds are:

• Stored on a U.S.-regulated centralized exchange
• Properly documented and compliant with all laws.

Each GSE has been directed to submit a proposal and account for the obvious risks, including volatility, value fluctuations, and portfolio concentration. 

So while the crypto world is already celebrating hard, don’t expect fartcoin to join the mix anytime soon.

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What This Could Mean

If this moves forward, crypto could become a legitimate path to mortgage approval for buyers who may not fit traditional molds. Younger clients. Self-employed investors. People who’ve built wealth outside of W-2s and bank statements.

We’re still early. This is a directive to prepare proposals, not an overnight policy change. But it’s a big signal, especially when you consider companies like Milo, Moon Mortgage, and Ledn are already backing crypto-based loans.

Now, the big names—Fannie and Freddie—have officially entered the chat.