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251-301-8518

No Employment Loans

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251-301-8518

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
APPLY NOW!

For More Information

Local Bank Mortgage Alabama
1710 Main St. Daphne, Alabama 36526
(251) 301-8518

Contact us today at (251) 301-8518 to get started or start an application today.