Milo

Avg. Rating: 5.0 (1 review)

Milo is a financial technology company that specializes in working with global consumers interested in a U.S. mortgage. Milo created a streamlined online application process that makes it easier and convenient for international clients to get financing for their investment properties. With Milo, you can make the most of your real estate investment in the U.S from the comfort of your home. The company serves clients from all over the world. They understand that global consumers have unique needs, and their technology and team are prepared to help you no matter where you are located.

Milo has served clients from +90 countries and has processed +USD$400M in mortgage applications.

  • TIME IN BUSINESS: Since 2019

1-888-433-6456 (MILO)

loans@milocredit.com 545 NW 26th Street, Suite 200 Miami, FL 33127
Call Center: Mon - Fri 9 am - 6 pm
Support Offered:
  • Call Centre
  • Email
  • Social Media
  • Blog
  • FAQs
Availability: Everywhere in Canada

Products Offered

Below are all the products offered by this company.

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 & Issuance

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.

Frequently Asked Questions About Milo

What is Milo?

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.

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.

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 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 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 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.

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.

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.

How many people has Milo helped?

Since 2019, Milo has helped thousands of applicants in over 90 countries.

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

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 property I wanted in the U.S.

Susan

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