American Homeowner Crypto Modernization Act of 2024

This bill requires major U.S. mortgage regulators (HUD, USDA, VA, and FHFA) to update their underwriting systems within 24 months to mandate that lenders include the U.S. dollar value of cryptocurrency held in brokerage accounts when evaluating mortgage applications. It directly affects homebuyers who hold cryptocurrency assets, allowing those balances to count toward their mortgage eligibility. The key mechanism is updating automated underwriting programs to treat crypto brokerage account balances as liquid assets equivalent to cash in dollar terms. The bill does not change crypto regulations or tax treatment but modifies how lenders assess borrower assets for mortgage approval.