FHA Loan

FHA loans are U.S.-government-insured mortgages designed for first-time and credit-building borrowers. Minimum down payment is 3.5% with a 580+ credit score, or 10% with 500–579. The government insurance makes lenders more willing to approve borrowers with modest income or past credit issues.

The catch is Mortgage Insurance Premium (MIP): an upfront charge rolled into the loan plus monthly MIP that, unlike PMI, often lasts the life of the loan. FHA loan limits vary by county and are generally lower than conforming.

Why it matters for Milo customers

Milo does not originate FHA loans. FHA financing requires occupancy and qualifying on traditional income — incompatible with most Milo borrowers who hold crypto wealth but need flexible qualification or investment-property financing.

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