TargetRate

Mortgage Broker serving Santa Monica, CA

About TargetRate

Target Rate, operating from Santa Monica, California, functions as a mortgage broker committed to finding innovative financing solutions for its clients. Led by Vice President Mitch Lichterman, the firm navigates complex lending landscapes to offer adaptable programs, particularly catering to borrowers seeking alternatives to traditional income verification methods.

The company specializes in Non-QM lending, including bank statement programs that assess income based on deposits, making homeownership accessible for self-employed individuals or those with fluctuating incomes like commission-based or seasonal workers. They also facilitate "No Income qualifying loans," providing options where traditional documentation is not feasible, alongside conventional and jumbo purchase loans with low down payment options.

Target Rate extends its services to include second trust deeds and HELOCs for both owner-occupied and investment properties, demonstrating a versatile approach to real estate financing. Their focus remains on identifying suitable loan products for a broad spectrum of borrowers, even those affected by economic challenges like forbearance or unemployment.

Company Information

Lender Type: Mortgage Broker
Headquarters: Santa Monica, CA

Home Loan Products

Fixed Rate Refinance Programs

Loan Types:
RefinanceConventional
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Available Terms:
15 years30 years

Bank Statement Loan Program

Loan Types:
Non-QMBank Statement
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
Self-Employed1099 Contractor
Income Verification:
Bank Statement
Special Programs:
Self-Employed ProgramBank Statement Program

No Income Qualifying Loan

Loan Types:
Non-QMNon-QM
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
No Income Verification

Home Equity and Second Mortgage

Loan Types:
HELOCSecond Mortgage
Rate Types:
Adjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary ResidenceInvestment Property

Purchase Loan Programs

Loan Types:
ConventionalJumbo
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Special Programs:
Low Down Payment Program
97%
Max LTV

Contact Information

1932 14th St
Santa Monica, CA 90404
US

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Business Information

Category: Mortgage Broker
Location: Santa Monica, CA
Status: Standard
Type: Mortgage Broker
Profile Views: 0

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