Coinbase has partnered with direct mortgage lender Better to enable its customers to use crypto for the mortgage down payment. Depending on the house purchase, the mortgage is a typical 15- or 30-year fixed Fannie Mae eligible loan, but the key advantage is that digital asset investors don’t need to liquidate their crypto holdings to meet the downpayment.

The deal is also packaged conveniently. Two loans share the same interest rate and amortization term, producing a single combined monthly payment. Naturally the lender wants to cover their downside risk, so requires 250% of the downpayment for bitcoin pledges and 125% for USDC. Additionally, Better is offering rebates of up…