Lenders are not accepting Bitcoin for down payments or closing costs, unless the borrower can document that the Bitcoin was liquidated and deposited into their account as US currency. Contact me for more details.
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Answer: Fannie Says: We had to go straight to Fannie Mae with this question. Following is their response: Fannie Mae’s current position is that Bitcoins and other types of digital currency are not eligible assets because the statements used to document these funds do not provide the information required per our Guide (B3-4.2-01) and they […]