What’s Allowed With Crypto
- Convert to USD, then use as down payment: Allowed with paper trail — conversion history, bank statement deposit, 60-day seasoning
- Crypto as reserves: Some programs allow exchange account balances as reserve verification
- Direct crypto purchase: Not possible through conventional mortgage — must be USD at closing
Documentation Required
If using converted crypto: transaction history showing conversion + bank statements showing deposit + letter of explanation. Start this process early — 60-day seasoning is the minimum standard.
