Forgotten Your Password?

Need to Register?

Question Icon

Is it true that you can buy a home with bitcoin?

by jcholewa752 from Dennison, Minnesota. 11 days ago Reply


David R Youngs - Assistant Vice President (DavidRYoungs)
#2 ranked lender in Minnesota - 81 contributions

Unfortunately online currency or cryptocurrency, such as Bitcoin or Ethereum, are not allowed to be used in the purchase of a home, if one requires financing from a mortgage lender. Per underwriting guidelines, the funds need to come from an "acceptable" source. These could include things such as checking, savings, money markets, retirement accounts, real estate and other more common sources. You also can use "gift" funds from an eligible donor who is related to you through blood or marriage as an acceptable source, when documented properly. Great question though and I hope this helps! Feel free to contact me at 651-497-6770 or email me at dyoungs@progressivels.com if you have additional questions. Thanks!

11 days ago
0
0
Subscribe to our news feed.