PMG Launches 1% Down Payment, 2% Grant Program

Panorama Mortgage Group rolled out a new down payment-plus-grant program for first-generation homebuyers. The 1st Generation Homebuyer (1st Gen) loan program allows eligible borrowers to put down 1% on a home. The company boosts the down payment with a 2% grant, which the borrower is not obligated to pay back. This elevates borrowers to a 3% down payment for a conventional mortgage, a great loan type for buyers whose income can cover monthly payments but who may struggle to save for a large down payment upfront. “We believe in dismantling barriers to homeownership and fostering financial empowerment,” said Jason Madiedo, President, and CEO of Panorama Mortgage Group LLC.  “Our 1st Gen loan program is a game-changer, designed to bridge the…