No Employment Loans
Fill out the form below or call us today 251-301-8518 for more information, or start an application!
Local Bank Prime One Portfolio Program
We're proud to announce new path to homeownership, designed for clients with strong assets and credit but non-traditional income documentation.
If traditional loan requirements don’t fit your financial profile, the Local Bank Prime One Portfolio Program offers a straightforward, flexible solution. With a focus on your financial strength rather than traditional income verification, this loan provides a streamlined approach to purchasing or refinancing your primary residence.
Why Choose Prime One?
If traditional loan requirements don’t fit your financial profile, the Local Bank Prime One Portfolio Program offers a straightforward, flexible solution. With a focus on your financial strength rather than traditional income verification, this loan provides a streamlined approach to purchasing or refinancing your primary residence.
Is Prime One Right for You?
If you have strong assets, a 680+ FICO score, and are looking for a straightforward path to homeownership without traditional income verification, the Prime One Program could be a perfect fit. Whether you’re self-employed, retired, or simply have a unique income structure, Prime One is designed to work with your financial reality.
Program Highlights
- No Employment or Income Documentation
- Employment and income are not stated or verified on the application
- Generous Loan Amounts
- Borrow up to $2 million, designed for high-value property purchases
- Flexible Cash-Out Options
- Use cash-out funds as reserves if needed, helping you keep liquidity accessible
- Debt Consolidation = Rate/Term
- Simplify debt with our rate/term consolidation option
- High LTV and Flexible Credit Requirements
- Up to 75% LTV for purchases or rate-and-term refinances
- FICO score requirements begin at 680
- Reserve Requirements and Asset Seasoning
- Reserves as low as 6 months; asset seasoning for only 30 days
- Primary Residence Only
- Tailored exclusively for primary residence purchases, ensuring a customized experience for homeowners
Contact us today at (251) 301-8518 to get started or start an application today.