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NMLS 110855
Loans for owners and 1099-based contractors of the cannabis industry
The following conditions apply to home loans for 1099-based contractors and owners of the cannabis industry:
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minimum 10% down
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minimum 620+ FICO score
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2-year minimum employment or ownership history
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loans up to $4 million
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owner-occupied, 2nd home or investment property OK
- single-family; 1-4 unit; PUD or approved condo or manufactured home OK
- 12 months bank statement loan program available (in lieu of 2 years tax returns)
- borrower credit & income must meet program guidelines
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