Mortgage Insurance
Mortgage Insurance: When You Can Drop the Extra Cost
PMI, MIP, and USDA guarantee fees aren't the same, and neither are the rules for dropping them.
@tomkalagher
Branch Manager - Fairhope Mortgage
Fairhope Mortgage LLC
Mortgage Loan Officer
I’m Tom Kalagher, the founder of Fairhope Mortgage. I have a deep passion for helping individuals and families achieve their homeownership dreams. Securing a home loan is the most significant financial decisions you’ll ever make. That’s why I prioritize personalized solutions and clear communication.
Mortgage Insurance
PMI, MIP, and USDA guarantee fees aren't the same, and neither are the rules for dropping them.
Real Estate
Fairhope Mortgage announces a new down payment assistance program for Alabama buyers with no income limits and up to 5% assistance on FHA and conventional…
FHA Loans
Yes—many Baldwin County buyers can use FHA financing without supplying the 3.5% minimum required investment from their own bank account. A standard FHA loan still requires a minimum investment, but eligible gift funds, a family gift of equity, or approved down-payment assistance may cover it.
mortgage
FHA needs 3.5% down but its insurance never ends below 10% down. Conventional 3% loans offer PMI you can cancel.
DSCR Loans
Qualifying for an Alabama investment property shouldn't depend on your tax returns.
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