LAS VEGAS - Primerit Bank is offering home loans to people with blemished credit records or no credit history. It will require 20% down payments and slightly higher rates than on conventional mortgages.

The bank says it will offer these borrowers a chance to refinance at a lower rate once they demonstrate their reliability over time.

Primerit, a unit of Southwest Gas Corp., says it is the largest financial institution based in Nevada. It hopes to recapture some loan business that has been going to out-of-state lenders.

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