{"id":56203,"date":"2022-01-19T16:50:43","date_gmt":"2022-01-19T14:50:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56203"},"modified":"2025-09-04T05:13:53","modified_gmt":"2025-09-04T02:13:53","slug":"fintech-milo-launches-bitcoin-backed-mortgage-lending-in-the-united-states","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fintech-milo-launches-bitcoin-backed-mortgage-lending-in-the-united-states\/","title":{"rendered":"Fintech Milo launches Bitcoin-backed mortgage lending in the United States"},"content":{"rendered":"

The Miami-based digital bank Milo announced<\/a> the launch of a “crypto mortgage” backed by Bitcoin for purchasing real estate in the United States.<\/p>\n

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\u201cInstead of selling cryptocurrency to pay the fiat mortgage down payment, the product enables using Bitcoin to invest in real estate. Our strategy aligns with yours\u2014keep hodling.\u201d<\/em>, the company’s site<\/a> said.<\/p>\n<\/blockquote>\n

The service is available to residents of the United States and elsewhere.<\/p>\n

Interest rate and the minimum loan-to-value ratio are not disclosed. The posting and withdrawal of the digital gold used as collateral affect the financial terms.<\/p>\n

When assessing a borrower’s creditworthiness, Milo uses the amount of digital gold held instead of FICO<\/a> scores.<\/p>\n

No down payment is required. The loan has a 30-year term. Tax obligations are assumed to be absent.<\/p>\n

Milo has opened a waitlist. The service will be available \u201cin the coming months\u201d. As part of the early access, the digital bank has already issued several mortgage loans.<\/p>\n

Another mortgage division of the company, not related to cryptocurrencies, has approved applications worth \u201cmillions of dollars\u201d from residents of 63 different countries.<\/p>\n

The startup positions itself as a direct lender that has been licensed and audited, with its operations insured.<\/p>\n

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\u201cExisting mortgage options have left crypto investors with unintended tax obligations [after selling Bitcoin] or, worse, with alternative costs in the form of appreciation in their holdings,\u201d<\/em> said Milo’s CEO and founder Josip Rupena.<\/p>\n<\/blockquote>\n

Earlier, in December 2021, the crypto-lending platform Ledn announced<\/a> the launch of Bitcoin-backed mortgage lending for clients in the United States and Canada. The product\u2019s limit for January\u2013March is expected to exceed $100 million.<\/p>\n

Earlier, United Wholesale Mortgage stopped<\/a> accepting cryptocurrency payments six weeks after launching the program.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"

The Miami-based digital bank Milo announced the launch of a Bitcoin-backed crypto mortgage for purchasing real estate in the United States.<\/p>\n","protected":false},"author":1,"featured_media":56204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,673,26],"class_list":["post-56203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-real-estate","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=56203"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56203\/revisions"}],"predecessor-version":[{"id":56205,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56203\/revisions\/56205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56204"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}