Save on Your New Home!
2-1 Buydown on Move-in-Ready Homes in Cedar Falls & Waterloo
How It Works
When you buy one of our move-in-ready homes in Cedar Falls or Waterloo, Skogman Homes pays for a 2-1 rate buydown through GreenState Credit Union. Your rate starts lower and steps up over two years:
Year 1: 2% below your locked-in rate
Year 2: 1% below your locked-in rate
Years 3–30: Your original locked-in rate, fixed for the rest of the loan
It’s breathing room when you need it most. Those first two years are when you’re furnishing, settling in, and making the house yours.
See the Savings
Here’s an example on a $512,000 home with 20% down, for a loan amount of $409,600 at a 7% locked rate:
| Year | Rate | Monthly Payment (Principal + Interest) | Monthly Savings |
|---|---|---|---|
| 1 | 5% | $2,199 | $526 |
| 2 | 6% | $2,456 | $269 |
| 3+ | 7% | $2,725 | — |
That’s roughly $9,500 in payment savings over the first two years in this example.*
*Example rates shown. Home must close on or by December 31, 2026. Buydown available on move-in-ready homes in Cedar Falls and Waterloo. Some restrictions apply. Rates and loan program specifics are subject to change at any time. All approvals are subject to underwriting guidelines and requirements. Contact a New Homes Specialist for more details.
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