10/13/2025
Effective with new loan applications dated on or after October 13, 2025, Pennymac is updating our AUS Jumbo program to allow virtual currency as an eligible source for cash-to-close and reserves.
Virtual currency is an acceptable source of funds only after it has been converted to U.S. dollars and deposited into a U.S. or state-regulated financial institution. Borrowers must provide documentation verifying that the funds originated from their personal virtual currency account.
To do so, borrowers must provide the following:
- Documentation from the virtual currency exchange verifying the borrower as the legal account owner. (Nicknames or handles are not acceptable); and
- The borrower’s previous bank statement showing a history of transfers to the same virtual currency exchange from which the funds were liquidated; or
- Form 1099-B or 1099-MISC from the virtual currency exchange, along with the borrower’s corresponding tax returns that reflect the reported gain or loss.
Please contact your Sales Representative with any questions.