I’m in the market to buy a home and the house would require a jumbo loan, aka over 500k in loan amount. The couple banks I’ve talked to so far have told me that assets gained through crypto are unable to be used in jumbo loans due to regulations from the Patriot Act (lol) around AML. Apparently, conventional FHA loans under 500k have no such issues. They’ve said it’s pretty black and white. We have enough job income to float the home but I can’t get 20% down without crypto money or selling my current house first, which I don’t want to do.
Has anyone else run into this situation and figured out a way around it?
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