Portfolio Loans

Portfolio loans are custom-built mortgages with great flexibility and enhanced program features. Portfolio loans offer personalized lending for home buyers with complex financial needs and goals.


Available with certain eligibility requirements:

  • Maximum loan amount $634,350
  • Minimum credit score of 660  – Maximum 80% LTV/CLTV
  • Minimum  credit score of 680 – Maximum LTV 80% CLTV 90%
  • No mortgage insurance requirements
  • Primary Residence/Second Home/Investment Property – Purchase, refinance and cash out
  • Condo/Non -Warrantable Condos allowed
  • Gift funds allowed toward down payment, closing cost and reserves
  • Portfolio loans with mortgage insurance
    1. Purchase, refinance and cash out options available
    2. Maximum Loan amount 634,350
    3. Maximum 95% LTV/CLTV
    4. Primary Residence/Second Homes/Investment Property
  • Various term options:
    • 10 year fixed
    • 3/1 LIBOR ARM
    • 5/1 LIBOR ARM
    • 7/1 LIBOR ARM
    • 10/1 LIBOR ARM
  • Geographic Restriction
  • Oakland County
  • Wayne County
  • Macomb County
  • Livingston County
  • Washtenaw County

Call a loan professional to help at (855) 231-3700.

All loans are subject to credit approval. Programs are available only to qualified borrowers. Not all applicants will qualify for all program benefits. Please contact First Independence Bank to learn more about the program and the eligibility requirements.