Milo vs Moon Mortgage
A standardized crypto mortgage against an institutional, by-consultation lender for large loans.
Rates as of June 2026 · Verified weekly · By Michael Song
Milo$100k loan, 50% LTV · Max LTV 100%
Moon Mortgage$100k loan, 50% LTV · Max LTV 100%
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The bottom line
Both pledge crypto as collateral with a qualified custodian and avoid selling your bitcoin. Milo publishes rates (from around 7.0%) and serves a broad range of borrowers. Moon Mortgage prices by consultation, sets a high minimum loan, and uses Anchorage custody, positioning it at the institutional, large-loan end. Choose Milo for a standardized, published-rate process; choose Moon Mortgage for a large, bespoke purchase.
Conditional guidance, not a recommendation. The right pick depends on your loan size, LTV, state, and what you value most. Rates can change; the table below is the live source.
Milo vs Moon Mortgage, side by side
| Milo | Moon Mortgage | |
|---|---|---|
| Effective APR$100k loan, 50% LTV, all-in | 9% | By consultation |
| Starting APR | 7% | By consultation |
| Origination fee | 2% | Not published |
| Max LTV | 100% | 100% |
| Custody model | Qualified custodian (Coinbase Custody, BitGo) | Qualified custodian (Anchorage Digital) |
| Rehypothecation | No | No |
| Minimum loan | $275,000 | $1,000,000 |
| Maximum loan | $5,000,000 | No stated maximum |
| Operating since | 2018 | 2022 |
| Availability | All 50 states | All 50 states |
Custody and counterparty risk
Milo holds collateral via qualified custodian (Coinbase Custody, BitGo), while Moon Mortgage uses qualified custodian (Anchorage Digital). Neither rehypothecates collateral.
Leverage, limits, and speed
Minimums differ: $275,000 at Milo versus $1,000,000 at Moon Mortgage.
Track record and availability
Milo has the longer history, operating since 2018 versus 2022.
Strengths and trade-offs
Milo
- Coinbase Custody or BitGo qualified custody
- Self-custody option available (up to 75% LTV)
- Foreign nationals served, no SSN required
- Up to $25M loan
- Up to 100% LTV with full BTC pledge
- Mortgage rate higher than typical crypto general-loan rate
- Exact state list not publicly transparent, verify directly
- Margin call threshold at 56-69% BTC price drop from pledged value
- ~2% origination fee
Moon Mortgage
- Anchorage Digital qualified custody
- $1M minimum loan
- 14-day close possible
- Standard mortgage requirements (DTI, credit, appraisal)
- APR not publicly posted, verify directly with company
- Owner-occupied limited to FL, TX, CO
- Company founded 2022
About each lender
Milo
Operating since 2018; first crypto mortgage 2022. $100M+ originated including a record $12M single transaction (Feb 2026). Coinbase or BitGo qualified custody with self-custody option. Foreign nationals are a core market.
Moon Mortgage
Operating since 2022. Anchorage Digital qualified custody. $1M minimum loan; average loan ~$1.6M. Rates not publicly posted, contact directly.
Frequently asked
Which has lower custody risk, Milo or Moon Mortgage?
Milo uses qualified custodian and Moon Mortgage uses qualified custodian. Neither rehypothecates pledged collateral.
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borrowonbitcoin.com is a comparison publisher, not a lender or financial advisor. Rate data verified June 9, 2026. How we verify rates · Full disclosures.