Time in business:
Milo is a digital bank designed for global consumers. Their mission is for foreign nationals to be able to access financing for their real estate investments, through mortgage loans. They reshaped the mortgage process so you can apply and close completely online.
Products Offered
AMOUNT
$150,000 - $10 Million (US Properties ONLY)
INTEREST RATE
3% to 5% (Canadians Investing in US)
TERMS
Up to 30 Years
Crypto, Purchase & Refinance Mortgages
Conditions & Rates
Interest Rate
- Varies
Amount
- Min. $150,000 – Maximum loan amount is $3,000,000. Higher loan amounts available on a case by case basis.
Term
- Up to 30 years
Summary
- Milo offers competitive 30-year fixed and adjustable-rate mortgages with an option for an interest only period of 10 years.
Eligibility & Documents
Milo offers mortgages for properties that are held solely or jointly, by an LLC, or a corporate entity. They do require that you or the entity name appears in the county records as the owner of the property.
No credit history or social insurance number is required. Milo’s technology gives you a real rate in under 10 minutes and certainty of closing in 30 days.
Repayment & Insurance
Milo offers loans on single-family homes (attached or detached), 2 to 4-unit family homes, condominiums, and townhouses.
Loan fees are always provided to you early in
the process to give you confidence to move forward.
Milo is not a broker and lend their own capital to
stand behind their commitment to close your loan on time· They are nothing like private lenders and often have lower rates, less work, and can close even faster.
Contact information
loans@milocredit.com- 545 NW 26th Street, Suite 200 Miami, FL 33127
Availability:
Everywhere in CanadaSupport Offered:
- Call Centre
- Social Media
- Blog
- FAQs
Call Center:
Mon - Fri 9 am - 6 pmFrequently Asked Questions About Milo
What is Milo?
Is Milo safe?
Milo has served clients from +90 countries and has processed USD$400M in mortgage applications.They have a highly specialized team that is familiar with the needs of global consumers and is always updating their technology to better serve their clientele. Additionally, they've been in business since 2019.
How long does it take to get a pre-approval letter?
Getting a pre-approval letter takes less than 5 minutes and can be done 100% online.
How do you calculate the equity in my home?
The value of your equity in your home is the difference between the current market value of your property and any outstanding mortgage balance.
How many people has Milo helped?
Since 2019, Milo has helped thousands of applicants in over 90 countries.
How much can I borrow from Milo?
Minimum $150,000 – Maximum loan amount is $3,000,000. Higher loan amounts available on a case by case basis.
How do I apply for a loan with Milo?
Milo's application and loan process is 100% remote. Complete their digital application from anywhere in the world or the comfort of your home. Pay for your appraisal in seconds and sign your loan application to secure the rate you selected.
How do you know how much my property is worth?
Milo uses powerful technology such as Automated Valuation Model (AVM) appraisals to assess the value of your property. Some factors that are used are recent sale prices, public data records, and housing trends which are used to calculate your property’s value and what they will be able to lend on it.
What type of loan programs does Milo offer?
Milo offers competitive 30-year fixed and adjustable-rate mortgages with an option for an interest only period of 10 years.
Do I need to be a U.S. citizen to apply?
No, Milo was founded on serving the global community; anyone with a U.S. Visa can apply for a mortgage on a U.S. property.
Milo Reviews
Avg. Rating: 5.0 (1 review)
Thank you Milo
July 10, 2022
“I wanted to purchase a property in the U.S. and was having a hard time obtaining financing. Milo specializes in U.S. mortgages for Canadians, so they were the right people to help in my situation. Thanks to Milo, I was finally able to purchase the investment proper...”
