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Updated almost 4 years ago on . Most recent reply

Jackie Cuellar's profile image
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Jackie Cuellar
  • Member since Dec 7, 2020
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Jackie Cuellar's profile image
Jackie Cuellar's profile image
Jackie Cuellar
  • Member since Dec 7, 2020
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Jackie Cuellar
1
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6
Posts
First-Time Home Buyer

Can a Mortage lender back out of a pre appoved VA home loan?

Jackie Cuellar
Posted

We are in the process of buying a house and 7 days before closing our lender says that the VA will not approve our income due to the fact that my husbands income is derived from a legalized cannabis delivery company. We were pre approved 2 months ago. If anyone has any insight on if this is legal or what can we do to keep this house? Any suggestions are welcome.

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Robert Williams's profile image
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Robert Williams
  • New to Real Estate
  • from Joliet, IL
  • Member since May 16, 2021
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Robert Williams's profile image
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Robert Williams
  • New to Real Estate
  • from Joliet, IL
  • Member since May 16, 2021
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Robert Williams
  • New to Real Estate
  • Joliet, IL
135
Votes |
89
Posts
Robert Williams
  • New to Real Estate
  • Joliet, IL
Replied

@Jackie Cuellar VA loans come from Federal Funds. Marijuana is still a Federal crime. So until it's federally legal you may be out of luck.

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