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Cryptocurrency

Cryptocurrency

CategoriesFinancial Education / Home Financing Tips

Rebecca Squyres

November 19, 2021

Can I use cryptocurrency like bitcoin for assets?

The requirements for bitcoin, cryptocurrency, or coin based assets for home loans include:

  • Must be converted to U.S. currency
  • Must be deposited to a bank account
  • Deposit to bank account must be verifiable
  • Must show proof that the cryptocurrency was owned by you

Wondering how you can use cryptocurrency for your home loan? Contact our award-winning team today for a free, no-obligation consultation! 

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Equal Housing Lender. ©2017 GMFS LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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