Options for Marijuana Industry Home Loans

As of late March 2019, ten states and Washington D.C. had legalized recreational use of marijuana and 33 states legalized it medically. Employees of this rapidly growing industry benefit from fair wages, job security, and diverse opportunity but can have trouble securing marijuana industry home loans. Fortunately, the economic outlook …

Documents You Will Need When Applying for Cannabis Industry Financing

The cannabis industry is growing at an impressive rate as more states follow the trend of legalizing marijuana for recreational use or decriminalizing this federally controlled substance. In several states, the cannabis industry employs thousands of hardworking individuals and stimulates the local economy. While more states are expected to legalize …

Mortgage rates fall to one-year low, setting the stage for a sunny spring selling season – MarketWatch

Rates for home loans fell to the lowest in over a year as investors remained concerned about economic headwinds, setting up the housing market for a strong spring season. The 30-year fixed-rate mortgage averaged 4.35% in the February 21 week, mortgage guarantor Freddie Mac said Thursday. That was down from …

Residential Bank Statement Loans For Cannabis Owners

Self-employed buyers often struggle to qualify for a traditional mortgage when they are starting out in their business. Cannabis owners are no exception to this situation! Starting a new business can be costly in the beginning and it often can take several years to start realizing consistent income. Business owners …

Residential Financing for Cannabis Owners is Making a Comeback

Finally some good news for owners and self-employed borrowers in the Cannabis industry! Mortgage financing is about risk and as more and more states are legalizing medical and recreational marijuana use, some banks are deciding that financing may be less of a risk in this industry. Portfolio lenders are again …

The Fed finishes the year with a fourth rate hike – Bankrate

The Federal Reserve’s latest move is bad news for borrowers hit with multiple rate hikes this year. Policymakers ended a two-day meeting Wednesday by voting to raise the central bank’s benchmark interest rate to a range of 2.25 to 2.5 percent. This is the fourth rate hike of 2018 and …

Boehner And Trump And Cannabis, Oh My! Big Changes Coming To Legal Marijuana – Forbes

President Trump has confirmed a deal with Colorado Senator Cory Gardner to let Colorado make its own cannabis legalization decisions in exchange for the Senator not holding up Department of Justice nominations. John Boehner joined the advisory board of a marijuana company, despite being anti-legalization when he was Speaker of …

Colorado State University-Pueblo’s Institute of Cannabis Research – Denver Post

In a groundbreaking new study, a report released Monday from researchers at Colorado State University-Pueblo finds that the marijuana industry provides a net positive economic benefit to Pueblo County, even when accounting for demands on law enforcement and social services.   The report estimates that the marijuana industry had an …

2018’s Housing Market Is Off And Running: What You Need To Know – Forbes

Realtor.com recently released its January 2018 housing trend analysis for the top 500 metro areas. Overall, it looks like 2018 is off to a good start in most markets. Affordability for first-time buyers combined with low inventory makes it a seller’s market for entry-level to mid-tier homes, defined by realtor.com …

Good news: Conforming loan limits increase by $30,000! – FHFA

The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. Baseline …