Overview

Fartcoin-Backed Mortgages refers to memes and jokes about the U.S. Federal Housing Finance Agency (FHFA) announcing in late June 2025 that it would accept Bitcoin and other cryptocurrencies or meme coins as assets to help facilitate home mortgages, without conversion to U.S. dollars. Several internet users joked about Fartcoin being counted as one such crypto asset, and posted memes and jokes pulled from movies like The Big Short to joke about the new rule setting off a future housing and banking crisis.

Background

On June 25th, 2025, FHFA Director William Pulte announced that he had ordered home mortgage companies Fannie Mae and Freddie Mac to "prepare their businesses to count cryptocurrency as an asset" in single‑family mortgage underwriting.

The Director posted a tweet announcing the change to his X^[1] / Twitter account, @pulte, that day, gathering over 20,000 likes in two days.

According to Coinpedia,^[2] the initiative involves formally studying how Bitcoin, Ethereum, stablecoins and other tokens held on U.S.-regulated exchanges could qualify as reserves or collateral, without forcing conversion to U.S. dollars.

Several internet users posted jokes about how this could mean that a potential homeowner's Fartcoin holdings could now be considered an asset to prove financial stability or digital wealth. The Solana-based meme coin holds a market cap of over $960 million as of June 27th, 2025.^[3]

On June 25th, X^[4] user @rektmando tweeted, "you approved the mortgage based on his 'bag of Fartcoin,'" alongside a photo of actor Jonah Hill from The Wolf of Wall Street, gathering over 10,000 likes in two days.

Online Reactions

Jokes about "Fartcoin-backed mortgages" continued to make the rounds on June 25th, 2025, with X^[5] user @DipWheeler posting an image of actor Ben Affleck from The Accountant, writing, "loan underwriters at freddie mac determining if an unemployed teenager has enough fartcoin to secure a mortgage." The post gathered over 34,000 likes in two days.

That same day, the official X^[6] account for Polymarket (@Polymarket) tweeted, "JUST IN: U.S. Director of Federal Housing orders mortgage providers to accept Fartcoin when assessing creditworthiness," gathering over 7,000 likes in two days.

Also on June 25th, X^[7] user @burrytracker tweeted an image of actor Christian Bale from the film The Big Short to joke about mortgage agencies being directed to accept crypto assets to underwrite home loans, writing, "Just finished reading 1,200 pages of mortgage-backed fartcoin derivatives," and gathering over 11,000 likes in two days.

On June 26th, 2025, X^[8] user @crusadepepe posted an image from The Ramsey Show podcast, joking about Dave Ramsey giving advice to a viewer who owes $1,000,000 on a mortgage because his "Fart Coin" holdings tanked. The post gathered over 37,000 likes in a day.

Various Examples

Search Interest

External References