VA Rejects Veteran’s Loan Application Over Job at Licensed Cannabis Business

If only this story was an outlier and federal prohibition didn’t continue to make life difficult for veterans, even in states with recreational cannabis. But the Boston Globe published an article today about how a 35-year-old disabled Massachusetts vet, his wife, and their two kids, have been thwarted in their housing search because the guy has a management level job in the cannabis industry — and it’s indicative of issues facing our vets across the country.

Part of the veteran’s benefits from the military include a guarantee of a no-money-down loan for a low-rate mortgage. But he was declined when the family applied for the perk upon finding a split level ranch home with a yard in which the kids could play.

The VA’s official line on the matter — which they gave to Representative Katherine Clark’s office after the vet turned to his member of Congress for help — was that underwriting the loan could leave the agency vulnerable to money laundering charges. But it also stated that the man’s source of income wasn’t “stable and reliable” enough to be considered for the financing.

The vet (who asked the Globe to remain anonymous so that his other military benefits

Read More Here…

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Bud Digest

Scroll to Top