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Business / California News / Featured News

Yes, there are ‘marijuana mortgages’ for California borrowers

yes,-there-are-‘marijuana-mortgages’-for-california-borrowers

Published: Nov 18, 2021, 3:17 am • Updated: Nov 18, 2021, 3:18 am By Jeff Lazerson

Mortgage lenders knowingly and sometimes unwittingly provide residential purchase and refinance loans to tax cheats, money launderers and even straw buyers.
How so? Lenders typically face a low bar for income documentation, they don’t look too hard and they don’t ask many tough questions.
So, why can’t lenders provide mortgages for legally licensed, self-employed folks in California’s legal marijuana industry?
Read the rest of this story on ocregister.com.

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