Home Financing for Cannabis Employment | Valor Lending Group
Cannabis borrowers look no further!
Self-employed and employed individuals we finally have the answers you have been looking for!
In the past home financing for cannabis employment has historically been a difficult thing to acquire. The legal cannabis industry in the U.S. is growing at an exponential rate and Grand View Research says that the industry is expected to reach $70.6 billion by 2028! This means that cannabis shop owners and dispensary workers are going to be looking to acquire home loans in the next upcoming years.
Cannabis industry workers have had to jump through hoops to obtain home loans because even though in several states marijuana is legal it remains illegal at the federal level. Residential mortgages are federally backed loans, so you can see where multiple problems can arise when trying to qualify for a home loan.
When applying for a home loan a lender will need to determine your income and how you earn that income. The issue for cannabis industry workers is that their income can be considered illegal according to federal law.
Valor Lending Group has the financing available to help you qualify to purchase of a home.
Valor Lending Group will work around the clock to give you the top rates and terms!
We will be here for you day and night to answer any questions or concerns that you may encounter along the way!
Some mortgage requirements that cannabis industry workers will need to provide to their lender is that they must be in a legal state for marijuana, they must have 2 years working history in the cannabis industry and they must be able to demonstrate their income.
Cannabis industry Jobs:
- Budtender
- Budtenders offer suggestions to customers, answer questions, handle products and showcase products being sold.
- Cannabis Trimmer
- A individual that prepares the cannabis buds for sale by ensuring that the marijuana buds are free of leaf material and steams.
- Cannabis Grower
- Cannabis grower is a individual that grows the cannabis.
- Security Guard
- A security guard is a staff member, or contractor, who ensures a safe environment for workers and customers.
- Edibles Chef
- Edibles chef that develops and creates cannabis-infused treats.
- Harvester
- Harvesters are individuals that harvests cannabis plants.
- Cannabis Tester
- A individual who tests cannabis for potency, cannabinoid makeup, terpene profile, etc.
- Cannabis Courier
- A individual who delivers and transports cannabis products.
Home Financing for Cannabis Employment Highlights:
- Full doc or stated income 1-4 units
- Owner occupied
- 2nd home or investment property options available interest only option available
- Up to 40 year terms
- Up to $7.5MM loan amount
- Credit score as low as 620
- Up to 90% LTV
- Interest rates in the 3’s
Eligibility Requirements:
- Credit score and credit history
- Employment verification and history
- Income
- Debt-to-income ratio
- Loan amount
- Amount of down payment
- Down payment
Please don’t hesitate to call me anytime to discuss your current scenario!
I can provide pre approvals at a moment’s notice with a smooth timely closing.
Recap of our Loan Products:
- Stated Income Loans (No Tax Returns, no W-2s, No P&L) up to $3M
- Bank Statement Income Loans (Great Bank Statement Programs for business owners and self-employed)
- Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days
- Flipper Loans (Flip a property with one of our many options) up to 90% leverage
- Commercial Line of Credit
- 100% Financing (cross collateralize- hard money)
- Foreign Nationals Loans (no social security or residency required)
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up to $500M
- 2nd Position Loans up to $5M
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow
- Farms, Vineyards, Ranches and Agricultural Properties (20-30% down)
- 10% down Jumbo’s with NO MI up to $1.5M
- Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
- Acreage Properties
- Commercial Loans up to $500M
- 5% down Jumbo (Up to $2M Lender paid PMI)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
- High Balance Conforming aka Super Conforming (from $484,350-$726,525)
- Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, VA, USDA
- ARM’s
- Reverse mortgages up to $10 Million Value
CONTACT ME TODAY for immediate attention to your scenario!
**Rates and terms subject to change without notice**
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