Obtaining a residential mortgage if you work in the cannabis industry is now possible. There are far too many false facts, inaccurate statements, and false assumptions. We want to help put to rest all of these and give you the facts and the truth in order to help you achieve the American dream of homeownership.
We have helped other cannabis employees such as yourself purchase a home when in fact they thought it wasn’t possible.
The cannabis industry is projected to create more jobs than manufacturing by 2020 per Forbes and Business Insider. Colorado created an estimated 20,000+ jobs from just the cannabis industry alone, as well as helping to lower our unemployment rate. With stats like this, we are happy to know that we can help more employees.
Fact: You don’t need to buy a home in cash
Truth: If you are a W2 employee in the cannabis industry you may qualify to purchase a home with a conventional mortgage.
Fact: You don’t need to seek out private financing in order to purchase a home
Truth: You can put in as low as 3% down (and also possibly no MI) AND could qualify for down payment assistance options.
DID YOU KNOW?
If you are a W2 employee working in the cannabis industry you may be able to qualify to buy a home here in Colorado. Again, it is no secret that the cannabis industries employees have struggled in the past in getting access to home financing loans. With some recent changes in guidelines, we are now fortunate to offer mortgage programs to cannabis W2 employees. Just to give you an idea, here are a few options we can offer:
- Conventional mortgage
- Low down payment options available
- Including 3% down NO MI options
- Down payment assistance options
- MUST be a W2 employee with less than 25% ownership
If you would like to learn more about these options and you are in the cannabis industry please give us a call, contact us.