Portfolio Lenders Are A Great Option for Cannabis Industry Home Loans

Marijuana industry employees have been overcoming banking obstacles since cannabis was first legalized. At first, business owners and self-employed members of the cannabis industry were left to determine how to organize and successfully run an all-cash business. Down the line, as cannabis industry home loans were needed to buy personal …

Why Banks Won’t Loan to Cannabis Industry Employees

In Colorado, the cannabis business is a legitimate industry. Folks often forget that in many states marijuana has yet to be legalized. Cannabis industry employees are just as successful, reliable, and hardworking as people in other fields, but can have a harder time securing financing for a home purchase. While …

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 …

Why Freddie Mac Won’t Allow Marijuana Financing for Real Estate Lending

The cannabis industry in the United States continues to grow at a rapid pace. While states such as Colorado, California, and Washington are the frontrunners in recreational marijuana use, other states are expected to become major players in the cannabis economy. With so many areas beginning to embrace recreational marijuana …

How Cannabis Industry Employees Can Improve Their Credit Score

The cannabis industry is booming in the United States and beyond, and employees of this robust economy often benefit from job security and a steady income. If you’re part of the cannabis industry and you’re interested in becoming a homeowner, you may be on the search for ways to improve …

Why Lenders Won’t Allow Undeposited Cash to be Used as a Down Payment

The cannabis industry is a lucrative business, and it’s quickly growing throughout the United States. In areas like Colorado where recreational marijuana has been legal for years, many cannabis dispensary owners and employees are thriving. According to CNBC, Colorado’s recreational marijuana sales topped $1.55 billion in 2018, and this booming …

Fannie Mae’s HomeReady Program Allows for Cannabis Industry Financing

According to Forbes, spending on legal cannabis products is expected to hit an astounding $47 billion in North America alone within the next decade. Although the cannabis industry continues to grow throughout the United States, many lenders are still hesitant to provide financing for potential buyers in this line of …

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 …