Mortgage Loans in Gulf Shores, Alabama

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Looking for a mortgage lender or mortgage broker serving Gulf Shores, Alabama? Fairhope Mortgage helps homebuyers, homeowners and real estate investors compare conventional, FHA, VA, USDA, DSCR, construction, second-home and condominium mortgage financing.

Gulf Shores presents financing opportunities that differ from many other Alabama communities. Beachfront condominiums, vacation homes, short-term rental properties, non-warrantable condos and condo-hotel (condotel) developments may require specialized underwriting.

Led by Tom Kalagher, NMLS #2028566, Fairhope Mortgage is based in nearby Fairhope and serves borrowers throughout Gulf Shores, Orange Beach, Fort Morgan, Foley and Baldwin County.

Whether you're purchasing a primary residence, financing a beach condo, buying a second home, investing in a vacation rental or refinancing an existing property, we help you understand the financing requirements before you commit to a purchase.

Call 251-391-5618 to discuss your Gulf Shores mortgage options.

Conventional Mortgage Loans

Conventional loans may be available for qualifying primary residences, second homes, investment properties and eligible condominiums.

Depending on the transaction, conventional financing may offer competitive terms and a range of down payment options.

For Gulf Shores condominium purchases, conventional financing requires additional consideration of the condominium project's eligibility under applicable Fannie Mae or Freddie Mac requirements.

FHA Loans

FHA financing may help eligible primary-residence buyers purchase a home with a down payment as low as 3.5%.

FHA financing is subject to borrower and property requirements, and condominium projects generally must meet applicable FHA condominium approval or single-unit approval requirements.

FHA financing is not intended for vacation homes or properties purchased primarily for investment purposes.

Official FHA condominium information:

https://www.hud.gov/program_offices/housing/sfh/ins/condominiums

VA Loans

Eligible veterans and service members may qualify for VA purchase financing with no down payment and no monthly mortgage insurance.

VA loans are generally intended for eligible primary residences rather than vacation homes or investment properties.

VA condominium financing requires the project to meet applicable VA approval requirements.

Official VA housing assistance information:

https://www.va.gov/housing-assistance/home-loans/

USDA Loans

USDA Rural Development loans may offer 100% financing for eligible primary residences in qualifying locations.

Not every property with a Gulf Shores mailing address is eligible, and household income limitations apply.

Official USDA property eligibility map:

https://eligibility.sc.egov.usda.gov/eligibility/

Second-Home and Vacation-Home Loans

Gulf Shores is a destination for buyers seeking a beach getaway or second residence.

Conventional second-home financing may be available for eligible properties used personally by the borrower.

A second home must meet the applicable occupancy and property requirements. Properties subject to hotel-style management arrangements, mandatory rental pools or other commercial-use characteristics may not qualify.

Buyers who intend to operate a property primarily as a vacation rental should also compare investment-property financing options.

DSCR Investment Property Loans

Debt Service Coverage Ratio loans may provide financing for eligible Gulf Shores investment properties based primarily on qualifying rental income rather than the borrower's personal employment income.

Depending on the program, DSCR loans may be available for purchases, refinances, cash-out transactions and eligible LLC ownership.

Some DSCR programs also permit qualifying short-term rental income, subject to the property's characteristics and the lender's documentation requirements.

One-Time Close Construction Loans

Construction-to-permanent financing may allow eligible borrowers to combine land acquisition, construction expenses and permanent mortgage financing into one transaction.

Buyers planning to build in Gulf Shores should investigate zoning, coastal construction requirements, elevation, flood exposure, wind insurance and builder qualifications before purchasing land.

Manufactured Home Loans

Certain manufactured homes may qualify for FHA, VA, USDA or conventional financing when applicable real-property, foundation, installation and title requirements are met.

Eligibility depends on the individual property and mortgage program.

Down Payment Assistance

Qualified primary-residence buyers may be eligible for assistance with down payment or closing costs.

Eligibility varies by program, credit profile, property type, occupancy and other requirements.

Investment properties and vacation homes generally do not qualify for traditional homebuyer down payment assistance programs.

Gulf Shores is one of Alabama's best-known coastal destinations, attracting full-time residents, second-home buyers and real estate investors.

The local real estate market includes beachfront condominium towers, low-rise condominium developments, single-family beach houses, inland residential neighborhoods, new construction and rental investment properties.

The financing process can differ substantially between these property types.

For example, a detached primary residence may qualify under traditional conventional or government-backed guidelines, while a beachfront condominium may require extensive association documentation and project-level review.

A property intended for short-term rental use may require investment-property financing and verification of local rental restrictions.

Understanding these differences before making an offer can help buyers avoid unexpected financing problems.

Gulf Shores Condominium Financing

Condominiums are a major part of the Gulf Shores housing market.

They offer buyers opportunities to own beachfront residences, vacation properties and rental investments without individually maintaining every component of the building.

However, condominium financing involves two separate qualification decisions:

1. The borrower must qualify for the mortgage.

The lender evaluates applicable income, assets, credit, debts, occupancy and other loan requirements.

2. The condominium project must qualify for the selected financing program

Check out our condo eligibility and financing finder.

The lender may also evaluate the condominium association's financial condition, insurance coverage, reserves, structural condition, special assessments, litigation and project operations.

A borrower can be fully qualified for a mortgage and still be unable to obtain conventional financing if the condominium project does not meet applicable eligibility standards.

This is especially important for older beachfront buildings, properties with significant deferred maintenance and developments operating like hotels.

Official Fannie Mae condominium standards:

https://singlefamily.fanniemae.com/originating-underwriting/condo-co-op-and-pud-eligibility

Official Freddie Mac condominium information:

https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/condominium-unit-mortgages

A warrantable condominium is a project that satisfies the applicable Fannie Mae or Freddie Mac eligibility requirements for the proposed mortgage transaction.

Potential requirements include:

• Acceptable project insurance coverage.
• Adequate association financial resources and replacement reserves.
• No disqualifying critical repairs or unsafe conditions.
• Acceptable special assessment and litigation circumstances.
• Compliance with applicable project ownership and operational restrictions.
• Completion of the required condominium project review, unless an applicable waiver or exemption is available.

Warrantable condominium financing may allow eligible borrowers to use conventional mortgage products.

However, project eligibility must be evaluated using current requirements and documentation. A prior approval does not guarantee that every future transaction will qualify.

A non-warrantable condominium is a project that does not satisfy one or more requirements for conventional financing through Fannie Mae or Freddie Mac.

Potential issues may include inadequate insurance, critical repairs, significant litigation, insufficient reserves, excessive commercial or hotel-style operations, or other disqualifying project characteristics.

Some non-warrantable condominium properties may qualify for specialized portfolio or non-agency financing.

Depending on the lender and property, these programs may require larger down payments, additional reserves, different interest rates or more restrictive underwriting.

Non-warrantable does not automatically mean that financing is impossible.

However, it is important to identify the specific reason the condominium is non-warrantable, because not every specialized lender accepts every project issue.

Fairhope Mortgage can help buyers investigate available financing options for eligible non-warrantable condominium properties.

A condotel, sometimes called a condo-hotel, is a condominium development that operates with significant hotel-style characteristics.

Potential characteristics include:

• A central reservation or front-desk operation.
• Hotel-style advertising or management.
• Mandatory rental arrangements or rental pooling.
• Transient lodging operations.
• Hotel services or operational requirements.
• Restrictions on an owner's independent use or control of the unit.

A condominium does not automatically become a condotel simply because owners are allowed to rent units for short stays.

The project's actual operations, governing documents and characteristics determine how lenders classify it.

Traditional Fannie Mae and Freddie Mac financing generally excludes projects operating as hotels or motels.

Some specialized non-agency or portfolio programs may finance eligible condotel units, but financing availability depends on the specific project and lender.

Gulf Shores also has a local zoning definition for condotels that buyers should review separately from mortgage eligibility requirements.

Official Fannie Mae ineligible condominium project guidelines:

https://selling-guide.fanniemae.com/sel/b4-2.1-03/ineligible-projects

City of Gulf Shores Zoning Ordinance:

https://www.gulfshoresal.gov/DocumentCenter/View/56

Recent condominium lending changes make it increasingly important for Gulf Shores buyers, sellers and condominium associations to understand project eligibility.

On March 18, 2026, Fannie Mae and Freddie Mac announced changes to condominium project reviews, replacement reserve requirements and related policies.

Several important provisions became mandatory for applications dated on or after August 3, 2026. Additional reserve allocation requirements are scheduled for January 4, 2027.

For applications dated on or after August 3, 2026, Fannie Mae retired its Limited Review process and Freddie Mac retired its Streamlined Review process.

Condominium projects that do not qualify for an applicable review waiver or exemption generally require the appropriate full project review.

This makes the availability and accuracy of association documentation particularly important.

Under the existing standard Full Review budget test, condominium associations generally must allocate at least 10% of qualifying annual assessment income to replacement reserves.

Fannie Mae's updated requirements increase that minimum allocation to 15% for applicable Full Review loan applications dated on or after January 4, 2027.

Freddie Mac announced corresponding condominium reserve policy changes.

This does not mean every condominium association must immediately hold cash equal to 15% of its property value or total annual expenses.

The percentage relates to the applicable annual budgeted replacement reserve allocation, with specific calculation rules and permitted alternatives.

Certain condominium projects may use an acceptable reserve study as an alternative to meeting the standard budget allocation percentage.

For applicable applications dated on or after August 3, 2026, the revised requirements no longer permit reliance on the baseline funding method when using this alternative.

Instead, the association's budget must support the highest recommended reserve funding amount under the applicable reserve study methodology.

This can be particularly important for older coastal condominium buildings facing major maintenance or replacement expenses.

Condominium projects with unresolved critical repairs, significant deferred maintenance or unsafe conditions may be ineligible for conventional financing.

Issues involving structural components, balconies, parking structures, building systems or other significant safety concerns may require further review.

A special assessment or a plan to complete repairs does not necessarily restore project eligibility while qualifying critical repairs remain outstanding.

Coastal condominium associations must maintain insurance that satisfies applicable project requirements.

Lenders may review master property insurance, flood coverage, deductibles and other required insurance policies.

A project may fail eligibility requirements even when the individual borrower has sufficient income, credit and down payment funds.

Condominium boards and management companies should review their budgets, replacement reserves, reserve studies, insurance coverage, inspection reports and outstanding maintenance issues.

Associations should also maintain accessible records of special assessments, litigation, structural inspections and completed repairs.

Addressing documentation or eligibility problems before a unit is under contract may help avoid delays and improve financing options for future buyers.

Official Fannie Mae 2026 Lender Letter:

https://singlefamily.fanniemae.com/media/document/pdf/lender-letter-ll-2026-03-updates-project-standards-property-insurance-requirements

Official Freddie Mac Bulletin 2026-C:

https://guide.freddiemac.com/ci/okcsFattach/get/1010529_7

Fannie Mae Full Review Guidelines:

https://selling-guide.fanniemae.com/sel/b4-2.2-02/full-review-process

Freddie Mac Condominium FAQ:

https://sf.freddiemac.com/faqs/condominium-unit-mortgage-faq

These requirements are subject to the applicable agency's effective dates, review exceptions and current guidance.

Gulf Shores attracts real estate investors interested in vacation rentals, beachfront condominiums, single-family rental properties and other income-producing real estate.

Investment-property financing differs from financing a primary residence or qualifying second home.

Borrowers should consider the property's intended use, qualifying rental income, insurance costs, association dues, property management expenses and applicable rental restrictions.

Eligible investment properties may qualify for conventional mortgage financing when the borrower, property and condominium project satisfy applicable requirements.

Conventional investment loans generally involve different down payment, pricing, reserve and rental-income requirements than primary-residence mortgages.

DSCR loans may be particularly useful for investors who prefer qualification based primarily on the property's rental income.

A simplified DSCR calculation is:

Monthly Qualifying Rental Income ÷ Monthly Housing Obligation = DSCR

For example:

Monthly qualifying rental income: $4,000

Monthly principal, interest, taxes, insurance and association dues: $3,200

DSCR = 1.25

A ratio of 1.25 means the qualifying rental income is 125% of the monthly housing obligation.

Actual underwriting calculations and acceptable rental-income documentation vary by program.

Some DSCR programs permit short-term rental properties and LLC ownership.

Investors should consider more than the advertised rental income.

Important expenses may include:

• Mortgage principal and interest.
• Property taxes.
• Homeowners, wind and flood insurance.
• Condominium association dues.
• Special assessments.
• Property management and booking fees.
• Utilities, cleaning and maintenance.
• Furnishings and replacement costs.
• Vacancy and seasonal occupancy changes.
• Applicable lodging taxes and business licensing expenses.

Use Our Investment Property Calculator

Estimate rental income, operating expenses, cash flow and potential investment performance before purchasing a Gulf Shores rental property.

Calculator results are estimates and do not constitute loan approval, guaranteed investment returns or a lender's final DSCR underwriting calculation.

Short-term vacation rentals are an important part of the Gulf Shores real estate market.

However, a property being marketed as a vacation rental does not automatically mean it can legally or profitably operate as one.

Buyers should verify the property's location, zoning, association restrictions, rental license requirements and applicable taxes before purchasing.

The City of Gulf Shores requires rental property owners operating within its applicable jurisdiction to comply with rental licensing requirements, subject to specific exemptions.

Short-term rental owners may also have obligations involving a local emergency contact, inspections and other licensing conditions.

Official Gulf Shores Rental License information:

https://www.gulfshoresal.gov/780/Rental-License

Short-term rentals are not permitted in every Gulf Shores residential zoning district.

Certain vacation rental dwelling uses are restricted or prohibited depending on the property's zoning classification and other applicable provisions.

A property's mailing address alone does not establish its rental eligibility.

Buyers should review the official zoning ordinance and verify the property's permitted use with the city before relying on vacation rental income.

Official Gulf Shores Zoning Ordinance:

https://www.gulfshoresal.gov/DocumentCenter/View/56

Official Gulf Shores City Maps:

https://www.gulfshoresal.gov/309/City-Maps

The City of Gulf Shores publishes lodging tax requirements for qualifying short-term rentals.

As published by the city, the combined lodging tax rate is 16% within corporate limits and 11% within the police jurisdiction.

The applicable rate depends on the property's jurisdiction and current tax rules.

Owners should confirm whether a property manager or booking platform collects and remits the required taxes, and whether additional filings remain the owner's responsibility.

Official Gulf Shores Lodging Tax information:

https://www.gulfshoresal.gov/783/Lodging-Tax

Certain DSCR programs permit short-term rental income to support qualification.

Depending on the program, acceptable documentation may include historical rental statements, approved market-rent analysis or other qualifying short-term rental data.

Projected gross revenue from a vacation rental website does not automatically equal lender-accepted qualifying income.

Borrowers should also confirm that the selected loan program accepts the property's condominium classification and rental operation.

Wind, Hurricane and Flood Insurance

Coastal properties may require additional attention to wind coverage, hurricane deductibles, flood zones and the cost of rebuilding.

For condominium purchases, both the association's master insurance policy and any individual unit-owner coverage may need review.

Insurance costs can materially affect monthly mortgage payments and rental investment performance.

Official FEMA Flood Map Service Center:

https://msc.fema.gov/portal/home

Condominium Association Dues and Special Assessments

Association dues may cover shared maintenance, building insurance, amenities, reserves and other operating expenses.

Special assessments may be imposed for major repairs or other association obligations.

Buyers should review current dues, pending assessments, association budgets and recent financial statements.

Building Condition and Deferred Maintenance

Older coastal condominium buildings may require significant expenditures for roofing, balconies, elevators, concrete restoration, exterior systems and other shared components.

Lenders may request structural inspection reports and documentation concerning repairs.

Property Taxes

Buyers should estimate property taxes based on the anticipated ownership and property classification rather than relying solely on the seller's current bill.

Official Baldwin County Revenue Commission:

https://www.baldwincountyal.gov/government/revenue-commission

Second Home Versus Investment Property

The correct occupancy classification depends on how the borrower intends to use the property and whether the property meets the applicable mortgage program's requirements.

A property primarily operated as a commercial vacation rental may not qualify as a conventional second home.

Borrowers should accurately disclose intended occupancy and rental arrangements.

Coastal Construction and Land Use

Buyers building or renovating in Gulf Shores should verify applicable zoning, permitting, elevation, construction and floodplain requirements.

Official City of Gulf Shores:

https://www.gulfshoresal.gov/

Gulf Shores attracts business owners, independent contractors, commission-based professionals and real estate investors.

Self-employed borrowers may qualify for mortgages using traditional income documentation or certain alternative documentation programs.

Depending on the financing program, qualifying income may be evaluated using tax returns, Schedule C income, business financial statements, K-1 income, bank deposits or other acceptable documentation.

Fairhope Mortgage helps self-employed borrowers compare financing options for eligible primary residences, second homes and investment properties.

Gulf Shores homeowners may consider refinancing to change loan terms, evaluate available interest rates or access equity.

Depending on eligibility, available options may include conventional refinancing, cash-out refinancing, home equity loans and home equity lines of credit.

Investment property owners may also have access to eligible DSCR cash-out refinance programs.

For owners with favorable existing first-mortgage rates, a home equity loan or HELOC may be worth comparing with replacing the existing mortgage.

Financing availability depends on occupancy, property type, condominium eligibility, equity and underwriting requirements.

Gulf Shores offers white-sand beaches, outdoor recreation, fishing, boating, family attractions and access to the natural environment of Alabama's Gulf Coast.

For buyers considering relocation, a second home or an investment property, these attractions help explain the area's appeal.

Gulf State Park

Gulf State Park features beaches, trails, camping, fishing, freshwater recreation and natural habitats.

The park's trail system provides opportunities for walking, cycling and exploring coastal Alabama.

Official information:

https://www.alapark.com/parks/gulf-state-park

Gulf Shores Public Beaches

Gulf Shores is known for its Gulf of Mexico beaches and public beach access areas.

Residents and visitors can enjoy swimming, beach walks, coastal scenery and nearby restaurants and entertainment.

City information:

https://www.gulfshoresal.gov/

Gulf State Park Fishing and Pier Recreation

The Gulf State Park area offers fishing and outdoor recreation opportunities for residents and visitors.

Facility availability and access may change due to maintenance, weather or restoration projects.

Park information:

https://www.alapark.com/parks/gulf-state-park

Waterville USA

Waterville USA is a Gulf Shores family entertainment destination known for its water park and recreational attractions.

Official website:

https://www.watervilleusa.com/

Alabama Gulf Coast Zoo

The Alabama Gulf Coast Zoo offers opportunities to see animals and participate in family-oriented educational experiences.

Official website:

https://www.alabamagulfcoastzoo.com/

The Wharf at Orange Beach

Located in nearby Orange Beach, The Wharf offers shopping, dining, entertainment and marina-related activities.

Official website:

https://alwharf.com/

Fort Morgan Historic Site

Located west of Gulf Shores along the Fort Morgan Peninsula, this historic fort provides an opportunity to explore Alabama's coastal military history.

Official information:

https://ahc.alabama.gov/properties/ftmorgan/ftmorgan.aspx

Alabama's Beaches — Visitor Information

The regional tourism organization provides information about attractions, events, restaurants, beaches and activities throughout Gulf Shores and Orange Beach.

Official tourism website:

https://www.gulfshores.com/

Can I get a conventional mortgage on a Gulf Shores condo?

Yes, if the borrower, individual unit and condominium project meet applicable conventional mortgage requirements. The project may need a full review unless an eligible waiver or exemption applies.

What is a warrantable condominium?

A warrantable condominium is a project that satisfies the applicable Fannie Mae or Freddie Mac requirements for the proposed conventional mortgage transaction.

Can I finance a non-warrantable condo in Gulf Shores?

Yes, potentially. Certain non-warrantable condominiums may qualify for specialized portfolio or non-agency financing. Eligibility depends on the specific project issues and lender requirements.

Can I get a mortgage on a condotel?

Yes, some specialized lenders offer financing for eligible condotel properties. Traditional Fannie Mae and Freddie Mac financing generally excludes condominium projects that operate as hotels or motels.

Can a Gulf Shores condo allow short-term rentals and still be warrantable?

Potentially. Allowing owners to rent their units for short periods does not, by itself, establish that a project is a condotel. The lender must evaluate actual hotel-style operations, governing documents and other project eligibility factors.

What changed in the 2026 Fannie Mae and Freddie Mac condo guidelines?

The agencies retired their respective Limited and Streamlined review processes for applications dated on or after August 3, 2026, subject to available review exemptions. They also strengthened requirements involving reserve studies and condominium project financial condition.

Are condo reserve requirements increasing to 15%?

Yes. Fannie Mae announced an increase from 10% to 15% for the applicable Full Review budget allocation test beginning with loan applications dated on or after January 4, 2027. Review exceptions and reserve-study alternatives have their own requirements.

Can I buy a Gulf Shores vacation rental using a DSCR loan?

Potentially. Certain DSCR programs accept eligible short-term rental properties and qualifying vacation rental income, subject to program and property requirements.

Do I need a license to operate a Gulf Shores short-term rental?

Generally, applicable rental licensing requirements must be satisfied. Owners should confirm the property's jurisdiction, zoning, licensing obligations and any association restrictions with the City of Gulf Shores.

Can I purchase a Gulf Shores second home with conventional financing?

Potentially. Eligible second homes may qualify for conventional financing when occupancy, property, borrower and project requirements are satisfied.

Can I use FHA or VA financing to buy a vacation rental?

FHA and VA purchase programs are generally intended for qualifying primary residences rather than properties purchased primarily as vacation rentals or investments.

How do I evaluate a Gulf Shores rental investment?

Review qualifying rental income, financing costs, taxes, insurance, HOA dues, management expenses, vacancy, maintenance, special assessments and rental restrictions.

Fairhope Mortgage's investment property calculator can help estimate potential financial performance.

INVESTMENT PROPERTY CALCULATOR 

Fairhope Mortgage serves Gulf Shores homebuyers, second-home purchasers, condominium buyers and real estate investors.

Led by Tom Kalagher, NMLS #2028566, we help borrowers evaluate traditional and specialized financing options.

Our experience includes conventional financing, FHA, VA, USDA, DSCR investment loans, construction financing, manufactured homes, self-employed mortgage solutions, refinancing and home equity loans.

We also help buyers understand the additional financing considerations associated with Gulf Shores condominiums, including project eligibility, insurance, reserve requirements, hotel-style operations and potential non-warrantable condominium financing.

Our focus is on clear communication, personalized options and helping borrowers understand financing requirements before they purchase.

Read Our Client Reviews

Whether you're purchasing a beachfront condo, buying a vacation home, financing a short-term rental or refinancing an existing property, Fairhope Mortgage can help you explore available mortgage options.

We can help you compare loan programs, estimated payments, cash requirements and property eligibility considerations.

Contact Tom Kalagher at 251-391-5618 to get started.

City of Gulf Shores — Official Website

City government, services, public information and community resources.

https://www.gulfshoresal.gov/

City of Gulf Shores — Zoning and Land Use Regulations

Review zoning restrictions, permitted uses and regulations relevant to residential and vacation rental properties.

https://www.gulfshoresal.gov/532/Ordinances-Regulations

City of Gulf Shores — Official Maps

Research city limits, police jurisdiction, zoning and flood zone information.

https://www.gulfshoresal.gov/309/City-Maps

City of Gulf Shores — Rental License Requirements

Review licensing, inspection and other requirements applicable to rental properties.

https://www.gulfshoresal.gov/780/Rental-License

City of Gulf Shores — Lodging Tax

Review tax requirements applicable to short-term vacation rentals.

https://www.gulfshoresal.gov/783/Lodging-Tax

Fannie Mae — Condominium Project Standards

Official overview of condominium project eligibility and financing requirements.

https://singlefamily.fanniemae.com/originating-underwriting/condo-co-op-and-pud-eligibility

Fannie Mae — 2026 Condominium Guideline Changes

Official lender letter covering project review, reserve and insurance policy changes.

https://singlefamily.fanniemae.com/media/document/pdf/lender-letter-ll-2026-03-updates-project-standards-property-insurance-requirements

Fannie Mae — Full Condominium Review

Detailed project eligibility and budget review requirements.

https://selling-guide.fanniemae.com/sel/b4-2.2-02/full-review-process

Fannie Mae — Ineligible Condominium Projects

Guidelines addressing condotels, hotel-style operations, critical repairs and other project restrictions.

https://selling-guide.fanniemae.com/sel/b4-2.1-03/ineligible-projects

Fannie Mae — Condo Status Finder

Consumer information about condominium project eligibility and status.

https://singlefamily.fanniemae.com/condo-status-finder

Freddie Mac — 2026 Condominium Guideline Changes

Official Bulletin 2026-C addressing condominium project reviews, reserves and insurance.

https://guide.freddiemac.com/ci/okcsFattach/get/1010529_7

Freddie Mac — Condominium Financing

Official condominium mortgage and project review information.

https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/condominium-unit-mortgages

Freddie Mac — Condominium Guidelines FAQ

Questions and answers about reserve studies, project reviews, inspections and other requirements.

https://sf.freddiemac.com/faqs/condominium-unit-mortgage-faq

HUD — FHA Condominium Information

Official FHA condominium financing and approval resources.

https://www.hud.gov/program_offices/housing/sfh/ins/condominiums

VA — Home Loan Benefits

Official information about VA mortgage benefits and eligibility.

https://www.va.gov/housing-assistance/home-loans/

USDA — Property Eligibility

Official USDA Rural Development property eligibility map.

https://eligibility.sc.egov.usda.gov/eligibility/

FEMA — Flood Map Service Center

Official flood hazard maps and property flood zone information.

https://msc.fema.gov/portal/home

Baldwin County Revenue Commission

Property tax assessments, records and available exemptions.

https://www.baldwincountyal.gov/government/revenue-commission

Alabama's Beaches — Official Visitor Information

Tourism, attractions, events and local recreational information.

https://www.gulfshores.com/

Gulf State Park

Beaches, trails, camping, fishing and nature activities.

https://www.alapark.com/parks/gulf-state-park

Fort Morgan Historic Site

Historic coastal fort and visitor information.

https://ahc.alabama.gov/properties/ftmorgan/ftmorgan.aspx

Tom Kalagher | Founder & Branch Manager, Fairhope Mortgage

Tom Kalagher, NMLS #2028566, is the Founder and Branch Manager of Fairhope Mortgage, based in Fairhope, Alabama.

Since 2020, Tom has helped homebuyers, homeowners and real estate investors throughout Baldwin County and the Alabama Gulf Coast explore residential mortgage financing.

His experience includes conventional, FHA, VA, USDA, DSCR, condominium, construction, manufactured home, down payment assistance, refinancing and financing solutions for self-employed borrowers.

Tom serves clients throughout Gulf Shores, Orange Beach, Foley, Fairhope, Daphne, Spanish Fort, Mobile and surrounding communities.

Tom Kalagher — NMLS #2028566

Fairhope Mortgage, LLC — NMLS #2561450

314 Magnolia Ave, Suite 101
Fairhope, AL 36532

Phone: 251-391-5618

Website: https://fairhope-mortgage.com

Equal Housing Lender

Mortgage programs, rates, terms, down payment requirements, condominium eligibility and investment property financing are subject to change. Not all borrowers or properties will qualify. Rental income and investment returns are not guaranteed. This content is educational and is not a commitment to lend.