Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Conventional Loans

Most conventional mortgages have either fixed or adjustable interest rates.

  • Typical fixed interest rate loans have a term of 15 or 30 years. A shorter-term loan usually results in a lower interest rate.
  • Adjustable-rate mortgages, or ARMs, fluctuate in relation to the rate of a standard financial index, such as the LIBOR. Monthly payments can go up or down accordingly.

Conventional loans require as little as 5% down.

  • If the borrower provides a down payment of less than 20% of the sales price, private mortgage insurance (PMI) will be required. PMI is typically either a monthly or one-time premium that is paid to protect the lender in instances where the borrower defaults. With a down payment of 20% or more, no PMI is required.

Learn more about other loan programs

Contact Information

Classic Mortgage Corporation

Phone: 269.649.1371

Email: [email protected]

Hours of Operation

Monday - Friday: 9 AM - 5 PM

Evenings & Weekends by Appointment


104 S Michigan Ave

Vicksburg MI 49097