Fairhope Mortgage
Serving Alabama, Florida, and Louisiana with FHA, VA, USDA, conventional, and DSCR mortgage loans
Fairhope Mortgage
Serving Alabama, Florida, and Louisiana with FHA, VA, USDA, conventional, and DSCR mortgage loans
Meet Tom Kalagher
Tom Kalagher — Founder & Branch Manager
Tom Kalagher is the Founder and Branch Manager of Fairhope Mortgage in Fairhope, Alabama, NMLS #2028566. Since 2020, Tom has helped homebuyers, homeowners and real-estate investors throughout Baldwin County, Mobile and the Alabama Gulf Coast with conventional, FHA, VA, USDA, DSCR, investment-property and refinance financing. Based in Fairhope, Tom specializes in finding solutions for borrowers with complex financing needs, including self-employed borrowers, real-estate investors, first-time homebuyers and Gulf Coast property buyers. Fairhope Mortgage serves clients throughout Fairhope, Daphne, Spanish Fort, Foley, Gulf Shores, Orange Beach, Mobile and surrounding communities. See our loan programs here.
How the Mortgage & Home-buying Process Works
Step 1: Determine Your Home-buying Budget
Step 1: Determine Your Home-buying Budget
Step 1: Determine Your Home-buying Budget
Before you start looking at homes, we'll review your income, monthly debts, available down payment, and estimated housing expenses to help determine a comfortable homebuying budget. We'll also compare mortgage options and estimated monthly payments so you understand how different loan amounts, down payments, interest rates, property taxes, and homeowners insurance can affect your payment.
Step 2: Review Credit & Mortgage Options
Step 1: Determine Your Home-buying Budget
Step 1: Determine Your Home-buying Budget
We'll review your credit profile and overall financial situation to identify mortgage programs that may fit your goals. Depending on your qualifications, options may include conventional, FHA, VA, USDA, down payment assistance, or other mortgage programs. If your credit needs improvement, we can discuss factors that may affect mortgage qualification and steps you can consider before applying.
Step 3: Get Pre-Approved for a Mortgage
Step 1: Determine Your Home-buying Budget
Step 3: Get Pre-Approved for a Mortgage
A mortgage pre-approval helps you understand your potential loan amount and gives you documentation to provide when making an offer on a home. Fairhope Mortgage reviews your financial information, available loan programs, estimated down payment, and financing options so you can begin your home search with a clearer understanding of what you may qualify to purchase.
Step 4: Find a Home & Make an Offer
Step 5: Mortgage Processing & Underwriting
Step 3: Get Pre-Approved for a Mortgage
Once you're pre-approved, you can begin searching for a home with a real estate agent. If you don't already have an agent, we can help connect you with experienced real estate professionals in the area where you're buying. We also work directly with your real estate agent throughout the transaction to help answer financing questions and keep the mortgage process moving toward closing.
Step 5: Mortgage Processing & Underwriting
Step 5: Mortgage Processing & Underwriting
Step 5: Mortgage Processing & Underwriting
After your offer is accepted, the mortgage moves into processing and underwriting. Our team helps coordinate required documentation, the appraisal, loan disclosures, title and insurance information, and other items needed for loan approval. We keep borrowers and real estate agents updated throughout the process and work to address underwriting conditions so the loan can move toward final approval and closing.
Step 6: Closing on Your New Home
Step 5: Mortgage Processing & Underwriting
Step 5: Mortgage Processing & Underwriting
Once the loan receives final approval and the closing requirements are satisfied, you'll review and sign your final mortgage and purchase documents at closing. We coordinate with the closing agent, title company, real estate professionals, and other parties involved in the transaction to help make sure the financing is ready for closing. After the transaction is completed, you can receive the keys to your new home.
EQUAL HOUSING LENDER
