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 …

What exactly happens when a mortgage lender checks my credit? – CFPB

What exactly happens when a mortgage lender checks my credit?   Answer:   The credit check is reported to the credit reporting agencies as an “inquiry.”   Inquiries tell other creditors that you are thinking of taking on new debt. An inquiry typically has a small, but negative, impact on …

Down Payment Assistance for Employees in the Cannabis Industry

Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA down payment assistance options. Even if you contribute towards a down payment, you may still use one of the options below: ​ Down Payment Assistance Grant * Up to 4 percent …

Lending in the high risk – high reward world of the legal cannabis industry

The growing multibillion legal cannabis industry still has a major banking and financing problem. A mostly all-cash business that banks and credit unions have shunned, marijuana also presents a wide-open opportunity for wealthy private investors and hard-money lenders who have faced no competition from mainstream lenders or large corporations. The …