Extended Rate Lock Program

Skogman Homes is glad to be able to offer lending and financing information for our homebuyers. We have special relationships with local lenders that will be beneficial for you as you explore financing possibilities.



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

Currently, UICCU is offering a worry-free extended rate lock for new construction. The only program of its kind in this market, UICCU allows buyers to lock in a low rate with its in-house 5- or 10-year ARM as soon as they have signed an agreement with a builder. Then within 60 days of closing, the buyer can take advantage of a “float” to a better rate or different loan product. This unique offer gives buyers peace of mind as well as a great rate.

If you are interested in this program or another form of financing for Cedar Falls and Waterloo area, call Mortgage Loan Officer, Bill Tye, at 319-553-3747 or 319-493-0083. For Cedar Rapids and Iowa City, please contact Felisha Junge at 319-730-3234.


NMLS# 521191

University of Iowa Community Credit Union

3409 Cedar Heights Dr.

Cedar Falls, IA 50613