Because cannabis remains federally illegal, traditional banks and government-backed loans (Fannie Mae, FHA) will automatically deny your mortgage if your income is derived from the marijuana industry—even if it's completely legal in your state.
We have access to specialized portfolio lenders who understand the industry, allowing W-2 employees, 1099 contractors, and dispensary owners to secure home financing.
Even in states where medical and recreational marijuana are completely legal, cannabis remains a Schedule I drug at the federal level. Because almost all traditional mortgages (Conventional, FHA, VA, USDA) are backed by federal entities, they strictly prohibit using income derived from the cannabis industry to qualify for a loan.
If you work at a dispensary, own a grow operation, or even provide direct B2B services to cannabis companies, traditional banks will flag your income and deny your application. We bypass this by working with specialized "Non-QM" portfolio lenders who hold their own loans and aren't bound by federal agency guidelines.
If you receive a regular paycheck from a cannabis-related business, we can use Non-QM programs that accept your W-2s and paystubs, provided the lender is comfortable with the industry source.
Instead of providing tax returns (which often show massive deductions or face 280E tax complications), we calculate your qualifying income based on 12-24 months of your business or personal bank deposits.
Because these are portfolio loans, they carry slightly higher risk for the lender. You should expect to put down at least 10% to 20%, depending on your credit score and the specific program.
Because cannabis is largely a cash business, lenders will still require your down payment funds to be "sourced and seasoned" in a verifiable bank account for at least 60 days. Mattress cash cannot be used to close.
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