These companies offer Bitcoin-based mortgages and other loans:
Ledn offers bitcoin-backed loans in Canada and is planning to offer bitcoin mortgages to clients in Canada and the U.S. this year.
Milo (Florida) made headlines for being the first company to offer crypto-backed mortgages in the U.S. The firm specializes in mortgages for real estate investment purposes. They offer 30-year loans of up to $5 million with rates ranging from 3.95% to 5.95%.
Milo doesn’t require a down payment — the borrower can finance up to 100% of the property’s value. It accepts bitcoin (BTC), ether (ETH), and a few stablecoins (USDC, USDT, Gemini USD) as collateral.
Figure (North Carolina)
Figure (North Carolina) has opened a waitlist for crypto mortgage loans of up to $20 million. It plans to accept bitcoin and ethereum as collateral and offer 30-year fixed-rate mortgages with monthly collateral adjustments. The annual rate is as low as 6%.
Payments can be made via the borrower’s crypto collateral, and Figure will not rehypothecate customer crypto. Mortgages will be available as soon as next month, and potential customers can now get on a waiting list.
USDC.Homes (Texas Only)
USDC.Homes offers crypto mortgages for purchasing real estate in Texas. The lender accepts bitcoin, ether, USDC, and other cryptocurrencies as collateral. Customers can borrow up to $5 million for a 5.5% to 7.5% APR. The down payment of the crypto mortgage is staked, so borrowers accrue interest on the collateral, offsetting a part of the monthly mortgage payment.
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