A loan for a self-employed borrower who prepares his or her own 12-month profit and loss statement.Here are some other eye-popping, exotic-loan honorable mentions: The down payment, closing costs and any required cash reserves can all come from a gift, be it from cryptocurrency, stocks or cash. Rates for this mortgage start in the mid-5% range. Other than that, it’s little more than a fog-the-mirror loan. ![]() To get this non-qualified loan using Bitcoin, however, you only need to have a middle FICO score of 700 or better when putting 25% down – or a middle score of 660 or better when putting 45% down. Fannie also requires a paper trail showing that funds from the cryptocurrency account were previously owned by the borrower. currency and deposited into an eligible asset account and previously seasoned for at least two months. In contrast, Fannie Mae does not recognize Bitcoin or any other digital currency unless it was previously converted into U.S.
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