Announcement 2026-032 Cryptocurrency for Non-QM Smart Series
Cryptocurrency for Non-QM Smart Series
Newrez LLC "Newrez" Approved Correspondent Clients; we are excited to announce a major enhancement to our Non-QM Smart Series products (SmartEdge, SmartSelf, and SmartVest). As digital assets continue to gain traction across the broader economy, we are expanding our qualification options. Eligible cryptocurrency holdings when verifying assets or calculating income can now be used.
Loans using cryptocurrency must be submitted to Newrez for underwriting. The Crypto Currency Assets Borrower Disclosure must be completed and be sent with the initial underwriting package.
Product Overview
- Follows existing eligibility matrices (maximum loan amount, minimum FICO, maximum LTV, minimum DTI).
- Eligible cryptocurrency may be used for down payment, closing costs, and reserves without proof of liquidation under the following parameters:
- Down Payment / Closing Costs
- If the post-haircut asset value is more than 20% above the required funds, no proof of liquidation is needed. Otherwise, documentation of funds received into a U.S. bank account is required.
- Down Payment / Closing Costs
- Reserves, Asset-Based Income, and Asset Qualifier
- Bitcoin, Ethereum, and U.S.-listed ETFs: Up to 50% of the total asset value (in USD) is permitted.
- Fiat-backed stablecoins: Up to 90% of the total asset value (in USD) is permitted.