Mortgage Options for Marijuana Industry Employees and Owners

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 …

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 …