Mortgages Backed by Cryptocurrency? This Lending Startup Thinks It’s the Future.

Figure Technologies, a blockchain-based lending startup, recently unveiled their new crypto mortgage products. This range of financial products will allow borrowers to borrow against some of the most popular cryptocurrencies when financing a home.

The unprecedented financing strategy allows borrowers to leverage their crypto assets for any amount up to $20 million for a 30-year mortgage, according to one of the founders. These loans will be for 100% loan-to-value.

These mortgage products will be served on Figure’s proprietary blockchain. Mortgages will be available as soon as next month and interested customers can sign up for a waiting list to be among the first to use this new type of home financing.

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Looking for a mortgage or to refinance your home, contact Karla Badillo for any of your mortgage inquiries.