Can you use cryptocurrency as proof of funds for a down payment on a mortgage?

It is unlikely that cryptocurrency can be used as proof of funds for a down payment on a mortgage, as most traditional mortgage lenders require proof of funds in a more traditional form, such as bank statements or investment account statements.

However, there are some specialized lenders or mortgage brokers who may accept cryptocurrency as a form of collateral or payment, but it would depend on the specific lender and their policies. Additionally, using cryptocurrency as proof of funds could be more complicated than using traditional forms of payment, as it can be subject to market volatility and other factors that may affect its value.

If you are considering using cryptocurrency for a down payment on a mortgage, it is recommended that you speak with a financial advisor or mortgage specialist to determine the best course of action and ensure that you are meeting all necessary requirements.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.