Panorama Mortgage Group continues to
overcome barriers to homeownership for minority and underserved
communities.
LAS
VEGAS, May 8, 2024 /PRNewswire/ -- Panorama
Mortgage Group, LLC (PMG), a leading nationwide independent
mortgage bank headquartered in Las Vegas,
Nevada, operating under the DBA's Alterra Home Loans, Vision
Mortgage Group, LEGACY Home Loans and Lone Peak Lending, announces
the launch of an innovative and proprietary loan program that
breaks down the barriers for first-generation, first-time
homebuyers with its unique 1% down payment and 2% grant down
payment assistance; known as the 1st Generation
Homebuyer (1st Gen) loan program.
"We believe in dismantling barriers to homeownership and
fostering financial empowerment," affirms Jason Madiedo, President, and CEO of Panorama
Mortgage Group LLC. "Our 1st Gen loan program is a game-changer,
designed to bridge the gap and pave the way for underserved
communities to build generational wealth through
homeownership."
The 1st Gen program dovetails with overarching
homeownership initiatives, and addresses certain challenges faced
by borrowers pursuing their dreams of homeownership, which greatly
differentiates 1st Gen from prior iterations of
first-time homebuyer programs. The program uniquely combines
a more expansive definition of eligible borrowers. 1st
Gen focuses on borrowers who are the first generation in their
family to realize their homeownership dreams; something often seen
as unobtainable by prior generations. Another important
feature of the program is the 2% grant does not have to repaid by
the borrower. Additionally, there are no property location or
census tract constraints, which makes the program eligible within
PMG's nationwide footprint.
This first of its kind program heralds a significant shift for
families entrenched in the cycle of renting, where current market
trends and intrinsic barriers make the pride of homeownership feel
out of reach.
For 1st Gen loan program questions please call our
dedicated Hotline: (888) 704-1GEN (1436).
General information about PMG can be found at
www.PMGLLC.com.
About Panorama Mortgage Group, LLC:
Since 2007, Panorama Mortgage Group, LLC (PMG) is a nationwide
minority led independent mortgage bank, licensed in forty-three
states. PMG focuses on providing innovative mortgage
solutions to foster sustainable homeownership and building
generational wealth in minority and underserved communities.
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SOURCE Panorama Mortgage Group