Qualifying for a mortgage with Dogecoin holdings could become a reality as pro-crypto legislation moves through the US House and bitcoin hits a new high. Fannie Mae and Freddie Mac may soon include crypto in their risk assessments, potentially changing the housing market landscape.

The government-controlled Fannie Mae and Freddie Mac are being urged to consider crypto holdings in their mortgage risk assessments. This move could put digital assets on par with traditional investments like stocks and cash savings.

Potential homebuyers currently must cash out their crypto or use startups offering bitcoin-backed mortgages. New rules could allow direct qualification for loans through mainstream banks using crypto, integrating digital assets into the housing market’s financial structure.

The housing market could benefit from more buyers, as there are currently more sellers than buyers looking for homes. Loosening rules around crypto could appeal to long-term HODLers, with some homebuyers already using crypto to fund down payments. Concerns about crypto’s volatility and security remain.

William Pulte, head of the regulatory agency for Fannie Mae and Freddie Mac, sees the new directive as aligning with President Trump’s vision to make the US the “crypto capital of the world.” The move to include crypto in mortgage risk assessments could revolutionize the housing market and make digital assets a mainstream financial tool.

Read more at Yahoo Finance: Crypto Heads Toward Housing Market in Latest Mainstreaming Move