NMLS 110855
HOME LOANS
for the Cannabis Industry
Home Loans for Qualified
Employees & Owners of Cannabis Businesses!
Now that cannabis is legal in California and Florida for medical and/or recreational use, qualified employees and owners working in the cannabis industry are now eligible for financing a home loan with as little as a 5% down payment, good credit, and a 2-year history of working in the industry. Federal banks and credit unions are restricted from providing home loans to workers and owners in the cannabis industry! We can! Welcome to your dream home!
Home Loan Programs
We provide two different home loan categories to cannabis workers and owners, based on their employment scenario in the industry. Our cannabis home loan programs provide employees, contractors, and business owners of legal cannabis-related enterprises with flexible home loan financing. Unlike federal banks, our programs accept income from legal cannabis-based positions, including growers, budtenders, dispensary managers, media specialists, lab analysts, accountants, and others. The two categories are illustrated below:
Full or Part-time W-2 Employee
For full-time or part-time W2-based employees, home loan criteria include:
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minimum 5% down
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minimum 620+ FICO score
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2-year minimum employment
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loans up to $970,800
OR
Owner or 1099 Contractor
For 1099-based contractors and owners, home loan criteria include:
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minimum 10% down
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minimum 620+ FICO score
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2-year minimum employment
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loans up to $4 million
OR