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119-hr-4374119th CongressWALLET

American Homeowner Crypto Modernization Act of 2025

Sponsored By: Representative Mace, Nancy [R-SC-1]

Introduced

Summary

Count cryptocurrency holdings in mortgage credit checks. This bill would require the Department of Housing and Urban Development, the Department of Agriculture, the Department of Veterans Affairs, and the Federal Housing Finance Agency to update automated mortgage underwriting systems and guidelines so participating lenders consider the value of digital assets held in brokerage accounts linked to cryptocurrency exchanges within 24 months.

Show full summary
  • Homebuyers and families: Borrowers who hold crypto in brokerage accounts could have that value counted in mortgage credit evaluations, which may improve qualification odds or loan terms.
  • Mortgage lenders and underwriters: Lenders using automated underwriting would need to incorporate crypto asset values into credit assessments and follow updated agency guidance.
  • Government-sponsored enterprises and housing agencies: The requirement would apply to underwriting standards used by Fannie Mae and Freddie Mac through FHFA authority.
  • Legal definition: The bill defines "digital asset" as a digital representation of value recorded on a cryptographically secured distributed ledger.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lenders count crypto in mortgage checks

If enacted, HUD, USDA, VA, and FHFA would have 24 months to update mortgage underwriting systems. Participating lenders would need to consider digital assets held in brokerage accounts tied to crypto exchanges when judging mortgage credit. Through FHFA, this would flow to Fannie Mae and Freddie Mac standards. This could help some borrowers qualify or get larger loans.

Sponsors & CoSponsors

Sponsor

Mace, Nancy [R-SC-1]

SC • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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