Crypto Wealth Unlocked for Home Loans

0:00It's March 29th. Welcome in. This is Durham News Today, where local news meets AI. Federal Housing Finance Agency Director William J. Polty just dropped a game changer, ordering Fannie Mae and Freddie Mac to count your cryptocurrency. Holdings as real assets when you apply for a mortgage. That means Bitcoin, Ethereum, or whatever digital coins you've stacked can now help you qualify for a home loan without getting ignored by traditional. Lenders. But here's the plot twist. Selling that crypto to fund your downpayment kicks off a taxable event with the IRS, treating it like property, not cash. If you bought low years ago, and it's moond, you could owe capital gains taxes from zero to 20% federally, plus state bites, depending on how long you held it. Crypto holders are buzzing about this finally unlocking their wealth for real estate, but everyone stressing the need for smart planning to dodge. Huge tax hits. Some term holders get lower rates than short-term flips, so timing your sale could slash

1:02what you owe big time. Specialized lenders like Milo and Letton are stepping up with crypto-collateralized mortgages, letting you borrow against your holdings without selling. And triggering taxes right away. You pledge extra crypto as security, often double the loan amount. To cover the volatility risk, with higher interest rates, begged in. Bottom line, this opens doors for crypto-rich folks to buy homes, but pair it with tax pros, solid records, and maybe those collateral options to keep. More gains in your pocket while building equity, stay strategic out there.