|Loan Amount||Up to $400,000|
|Loan Term (Years)||Up to 30 years|
|Credit Score Range||Starting at 600|
|No Origination Fee||N/A|
Milo Home Mortgage Loans Review
Milo Home Mortgage Loans is offered by Milo Credit LLC (NMLS #1811449), a direct lender founded in 2019 and based in Miami, FL. Milo Mortgage Loans are available in 50 states (and Washington, DC).
- Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
- Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Milo Home Mortgage Loans.
Milo Home Mortgage Loans Pros & Cons
Milo Mortgage Loans FAQ
How much can you borrow via Milo Credit, LLC?
Milo Mortgage Loans allows borrowers to apply for loan amounts of up to $400,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with Milo Mortgage Loans?
Milo Mortgage Loans offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Milo Credit, LLC offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, Milo Mortgage Loans may charge a loan origination fee.
What property usage types does Milo Mortgage Loans allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Milo Mortgage Loans allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for Milo Home Mortgage Loans is (888) 433-6456.
What is the support contact email?
The support contact email for is firstname.lastname@example.org.
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- Washington, DC
- West Virginia
|Credit Score Range||600 -|
|Employment Statuses Considered||
|Joint Loan Applications Accepted||
|Verification Documents Required||
Up to 8.125%
|Loan Amount||Up to $400,000|
|Loan Term||Up to 30 years|