Getting approved for a mortgage as a cannabis professional is tricky, but it’s not impossible. NewCastle Home Loans helps buyers in Illinois, Michigan, and Florida secure a mortgage with marijuana-industry income.
Because marijuana is legalized on a state-by-state level, cannabis workers aren’t eligible for a federally backed loan (FHA, VA, or USDA loans). Instead, you’ll need to meet the standard qualifications for a conventional loan:
In addition to these standard qualifiers, you need to meet a few other conditions specific to the marijuana industry: