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Financing

Skogman Homes

Funding Your
Dreams

Skogman Homes is proud to provide lending and financing resources to support our homebuyers. Through established partnerships with trusted local lenders, we can connect you with financing options that fit your needs and budget. These relationships not only streamline the process but also give you access to competitive rates, personalized guidance, and flexible solutions. As you explore your financing possibilities, our goal is to make the path to homeownership as smooth and stress-free as possible.

Our Lending Partners

Trusted Mortgage Professionals

GreenState Credit Union

In the Cedar Falls / Cedar Rapids / Iowa City region, we are fortunate to have the GreenState Credit Union, which offers a variety of fixed and adjustable rate mortgages, as well as USDA and VA loans.

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This mortgage calculator is provided for informational purposes only. The results are estimates based on the values you enter for price, interest rate, down payment, and loan term, and do not constitute financial advice or a loan offer. Actual loan amounts, interest rates, and payments may vary based on your lender’s terms and your personal financial situation. Please consult with a qualified mortgage professional for exact figures and guidance.

Frequently Asked Questions

Financing

Our lending partner, GreenState Credit Union, offers a worry-free extended rate lock for new construction, the only program of its kind in this market. Buyers can lock in a low rate with an in-house 5- or 10-year ARM as soon as they sign an agreement with a builder. Then, within 60 days of closing, they can float to a better rate or different loan product. It's a unique offer that gives buyers peace of mind along with a great rate.


Other lenders may offer their own rate lock programs too, so if you're working with someone else, it's worth asking what they have available.


Interested in the GreenState program or another financing option?

Cedar Falls and Waterloo: contact Bill Tye at 319-553-3747 or 319-493-0083
Cedar Rapids and Iowa City: contact Felisha Junge at 319-730-3234

Down payment amounts for mortgage loans depends on the type of loan — FHA, VA, or conventional. It's recommended to ask your lending institution.

How much you can borrow and the rate you'll qualify for depends on your individual financial situation, including income, credit, and debt-to-income ratio. Rates vary based on market conditions and your individual qualifications, so for current rate information, visit GreenState Credit Union's website or check with your preferred lender.

You'll typically need employment verification (W-2s and pay stubs), bank statements, credit score history, documentation of other liabilities such as car loans or student loans, and information on other assets like IRAs or investment property.

Your lender will provide a Good Faith Estimate (GFE) outlining closing costs. It's worth asking your lending institution whether it will guarantee its GFE to avoid surprises at closing — though lenders are not required by law to guarantee it, only to provide one.