We’d like to thank you for stopping by the Frederick Branch of Goldwater Bank, serving the people of western Maryland. It is our goal to help as many people as possible find the home loan that’s perfect for them, whether they need something traditional or a little more unique. Either way, we’re here to help people attain the American dream of homeownership.

So, what do we have to offer? We’ll dedicate blogs to each of these types of mortgage loans in the future, but today we thoughts we’d start with a quick rundown of the most common home loans we offer.


USDA Loans

City living isn’t for everyone, and we most certainly consider that a good thing. Obviously the United States government does too, and that’s why the USDA (United States Department of Agriculture) loan was created. USDA loans can be used by just about anyone who wants to live in a more rural environment, including those who already live in smaller towns as well as those who wish to leave the city and get some space around them.

USDA loans are available to first time and current homeowners, and 100% financing is available with zero down payment. There are maximum household income limits, and the house must meet certain requirements of being rural as defined by the USDA. Talk to us at the Frederick Branch to find out if you’re eligible and if the house you’re interested in meets the criteria.

Construction Loans

If you just can’t seem to find that perfect house that meets all your needs, new home construction might be exactly what you’re looking for. Maybe you’ve found the perfect property (or already own it) and can’t wait to build the house. Or perhaps you’ve simply had a floor plan in mind your entire life and are ready to realize that dream. Go for it!

There are many options in construction loans, and Goldwater Bank is the mortgage lender that can help you decide which one will work best in your situation.


FHA loans are options for those whose debt ratios and credit scores might prevent them from getting conventional loans. FHA loans were created for those who have had bad luck in the past but are looking to secure their future with homeownership.

We want to see you in a home, and that’s why we’re the mortgage lenders who will help you get where you need to be in order to qualify. We’ll discuss how your credit can be cleaned up and how you might save up for the very reasonable down payments. Simply give us a call at that phone number over on the right side of this page and we’ll talk you through the whole process!

FHA 203(k) Loans

Not every home is in perfect condition when you purchase it, but that doesn’t mean that the best option is to raze it and start over. If you’ve found that home with “good bones” that’s in the perfect location, a FHA 203(k) loan might be exactly what you’re looking for. This loan allows renovation costs to be rolled directly into the home loan, making payments for the remodeling easier than ever.

If you’ve found the home you’d like to save, or if you know that that’s the type of home you’re looking for, a FHA 203(k) might just be the loan for you. Contact us today and we’ll walk you through how this type of loan can be most beneficial.

The four loans we’ve mentioned here are only the beginning! Check out our next blog as we describe the benefits of VA loans, Jumbo Loans, and Jumbo Loans. We can help you find that perfect loan for the perfect home!