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…

Sarah Gonzalez Named President and CEO Of Panorama Mortgage Group

Sarah Gonzalez has been named president and CEO of Nevada-based Panorama Mortgage Group (PMG), the company announced in a press release. “I was looking for a company that would fit my own personal and professional priorities, and PMG is that place. It just feels like home – exactly where I’m supposed to be – with people I’ve admired for a long time,” said Gonzalez. “I love how PMG is servicing underserved borrowers and communities that need a lot of education on home lending and the application process. I’m a teacher at heart and that really attracted me to the role.” PMG is a multi-brand national mortgage company that originated from Alterra Home Loans, whose stated mission is to generate wealth…