Get a Mortgage Using Your Crypto — Without Selling It.

A crypto mortgage is a home loan that lets you qualify using your cryptocurrency holdings instead of employment income. Rather than reviewing a W-2 or two years of tax returns, the lender converts your eligible digital assets into a monthly qualifying figure and underwrites against it. At Lumen Mortgage it's an asset-based, non-QM program for borrowers in Oregon and California who hold Bitcoin, Ethereum, U.S.-listed crypto ETFs, or dollar-backed stablecoins — available on purchases and rate-and-term refinances for primary residences and second homes, with no forced sale of your position required to qualify.

Not to qualify. Qualification is based on documented holdings rather than on converting them to cash, and the assets used to qualify stay where they are. You may need to convert a portion for your down payment and closing costs, which are paid in dollars. If that money comes from a bank or brokerage account, nothing has to be sold. If it comes from your crypto, you will liquidate that portion — typically a fraction of the position, and a very different thing from selling the whole holding to prove you qualify.

Bitcoin, Ethereum, U.S.-listed crypto ETFs, and dollar-backed stablecoins are the commonly accepted digital assets. Stablecoins typically count at 90% of value, while BTC, ETH, and crypto ETFs generally count at 50% to account for price volatility. Altcoins and tokens outside those listed, NFTs, business-held crypto, crypto in an irrevocable trust, and gifted crypto are generally not eligible. If your holdings are spread across smaller tokens, talk to us before assuming the answer is no.

Generally no. Asset-based crypto qualification is available for purchases and rate-and-term refinances. Borrowers needing cash out will need a different loan structure — and we have several. Call us and we'll map it.

Self-custodied holdings may still qualify, but the documentation path differs from exchange-held assets and can affect the closing timeline. Cryptographic proof of wallet control may be required. Discuss this early in the process — in the first conversation, not the week before closing.

There's no single number — it depends on your purchase price, your other assets, and your monthly obligations. Programs generally look for a meaningful minimum in total liquid assets. Because BTC and ETH count at roughly 50%, a $4,000,000 Bitcoin position generally supports around $2,000,000 in qualifying assets. We can tell you in one conversation whether the math works.

Qualifying without selling means no disposition, and generally no capital gains event from the loan process itself. Moving assets between wallets or accounts you own is typically not a taxable event either. If you convert a portion to fund your cash to close, that sale is a disposition. Lumen Mortgage does not provide tax advice — confirm the specifics with your CPA, as every situation is different.

Asset-based crypto qualification is generally limited to primary residences and second homes. For investment property, our DSCR loan program qualifies on the property's rental income instead of your personal finances — often a better fit anyway.