Better vs Moon Mortgage
A conforming crypto mortgage against an institutional, large-loan non-QM lender.
Rates as of May 2026 · Verified weekly · By Michael Song
Better$100k loan, 50% LTV · Max LTV 97%
Moon Mortgage$100k loan, 50% LTV · Max LTV 100%
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The bottom line
Better provides a conforming mortgage with collateral at Coinbase Prime and a high max LTV, suited to standard purchases. Moon Mortgage is a non-QM, by-consultation lender with a high minimum loan and Anchorage custody, built for large or complex deals. Choose Better for a conventional conforming loan; choose Moon Mortgage for an institutional-scale bitcoin mortgage.
Conditional guidance, not a recommendation. The right pick depends on your loan size, LTV, state, and what you value most. Rates can change; the table below is the live source.
Better vs Moon Mortgage, side by side
| Better | Moon Mortgage | |
|---|---|---|
| Max LTV | 97% | 100% |
| Custody model | Qualified custodian (Coinbase Prime) | Qualified custodian (Anchorage Digital) |
| Rehypothecation | No | No |
| Minimum loan | Not published | $1,000,000 |
| Maximum loan | $806,500 | No stated maximum |
| Prepayment | Standard conforming prepayment terms | Not published |
| Operating since | 2016 | 2022 |
| Availability | All 50 states | All 50 states |
Custody and counterparty risk
Better holds collateral via qualified custodian (Coinbase Prime), while Moon Mortgage uses qualified custodian (Anchorage Digital). Neither rehypothecates collateral.
Leverage, limits, and speed
Moon Mortgage allows the higher maximum LTV (100% vs 97%), so you can borrow more per Bitcoin, at the cost of a thinner buffer before a margin call if the price falls.
Track record and availability
Better has the longer history, operating since 2016 versus 2022.
Strengths and trade-offs
Better
- First Fannie Mae-conforming crypto mortgage (March 2026)
- No margin calls triggered by Bitcoin price movements
- All 50 states, Better's standard footprint
- 30-year fixed conforming rate
- Coinbase Prime qualified custody
- Full-doc Fannie Mae underwriting required (income, DTI, credit, appraisal)
- Foreign nationals not eligible, Fannie Mae conforming requires US borrower
- ≥250% BTC over-collateralization required for the down payment portion
- Loan capped at conforming limit ($766,550 baseline; higher in high-cost areas)
Moon Mortgage
- Anchorage Digital qualified custody
- $1M minimum loan
- 14-day close possible
- Standard mortgage requirements (DTI, credit, appraisal)
- APR not publicly posted, verify directly with company
- Owner-occupied limited to FL, TX, CO
- Company founded 2022
About each lender
Better
First Fannie Mae-conforming crypto-backed mortgage, launched March 26, 2026 by Better in partnership with Coinbase. Standard Fannie Mae conforming first mortgage + BTC-pledged second loan funds the down payment. All 50 states. No-margin-call structure.
Moon Mortgage
Operating since 2022. Anchorage Digital qualified custody. $1M minimum loan; average loan ~$1.6M. Rates not publicly posted, contact directly.
Frequently asked
Which has lower custody risk, Better or Moon Mortgage?
Better uses qualified custodian and Moon Mortgage uses qualified custodian. Neither rehypothecates pledged collateral.
Can I borrow more with Better or Moon Mortgage?
Moon Mortgage allows the higher maximum LTV (100% versus 97%), so you can borrow more per Bitcoin pledged. The trade-off is a thinner buffer before a margin call if Bitcoin's price drops.
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borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Rate data verified May 15, 2026. How we verify rates · Full disclosures.