If you want to use Bit Coin for your down payment, contact me. Fannie Mae will not allow Bit Coin to be used unless the digital currency is converted to US currency and deposited into the borrower’s account.
Related Article Title: Fannie Mae – Using Bit Coin as a Down Payment Question: I have a borrower who is using a bit coin account for their down payment. There are no statements, so how do I document this? Answer: Great question. I recently reached out to Fannie Mae on this topic and here is […]