Newrez vs Rate
A side-by-side comparison of rates, custody models, and loan terms, built from data we verify weekly.
Rates as of May 2026 · Verified weekly · By Michael Song
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Newrez vs Rate, side by side
 Newrez |  Rate | |
|---|---|---|
| Custody model | Borrower-held | Borrower-held |
| Rehypothecation | No | No |
| Maximum loan | No stated maximum | No stated maximum |
| Prepayment | Standard non-QM | Standard non-QM |
| Operating since | 2008 | 2000 |
| Availability | All 50 states | All 50 states |
Custody and counterparty risk
Newrez holds collateral via borrower-held, while Rate uses borrower-held. Neither rehypothecates collateral.
Track record and availability
Rate has the longer history, operating since 2000 versus 2008.
Strengths and trade-offs
Newrez
- Top-25 mortgage lender, Newrez is a major established originator
- No collateral pledge required, borrower keeps Bitcoin
- No margin call risk
- Nationwide (all 50 states)
- Standard 30-year fixed and ARMs available
- Borrower funds down payment in USD, Bitcoin holdings only qualify, not fund
- Non-QM rate premium (typically 0.5-1.5% above conventional)
- Crypto must be in US-regulated exchange or approved custodial wallet (not DEX)
- Doesn't help BTC-only borrowers without USD savings for down payment
Rate
- Major established lender, founded 2000 (formerly Guaranteed Rate)
- No collateral pledge, borrower keeps Bitcoin
- No margin call risk
- All 50 states
- Refinance available (purchase, rate-and-term, cash-out)
- Borrower funds down payment in USD
- Non-QM rate premium (typically 0.5-1% above conventional)
- DEX/non-custodial wallets not accepted
About each lender
Newrez
First top-25 mortgage lender to formally accept crypto for income/asset qualification (2026). No collateral pledge. No margin call risk. Borrower keeps custody of their Bitcoin. Nationwide footprint.
Rate
Major established mortgage lender (Rate, formerly Guaranteed Rate, founded 2000). RateFi crypto product launched Feb 2026. Asset-qualification model: crypto counts toward qualification, no pledge. All 50 states.
Frequently asked
Which has lower custody risk, Newrez or Rate?
Newrez uses borrower-held and Rate uses borrower-held. Neither rehypothecates pledged collateral.
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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.