Sesloc Mortgage Rates, Fees & Info
San Luis Obispo, CALEI: 5493002LW7G8E8SHWC88
Tax ID: 95-1722855
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Sesloc is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Sesloc has a high proportion of conventional loans. Their top markets by origination volume include: San Luis Obispo, Santa Maria, Los Angeles, Sacramento, and Hanford among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Sesloc has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sesloc is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.79% | 4/17/25 |
| 30 Year Conventional Purchase | 6.71% | 4/17/25 |
| 30 Year Conventional Refi | 6.79% | 4/17/25 |
| 30 Year Cash-out Refi | 6.63% | 4/17/25 |
| 15 Year Conventional Purchase | 6.00% | 4/17/25 |
| 15 Year Conventional Refi | 6.00% | 4/17/25 |
| 15 Year Cash-out Refi | 6.00% | 4/17/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Sesloc Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Sesloc. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
427Origination Dollar Volume (All Markets)
$91,465,000Awards
SESLOC - 2024
SESLOC is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for SESLOC?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Sesloc's average 30 year fixed mortgage rate was
6.68%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Sesloc's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,373.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 335 | $77,145,000 | $230,284 | $3,633 | 8.18% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 76 | $11,120,000 | $146,316 | $2,454 | 8.68% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $4,136 | 7.47% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,645 | 7.13% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,990 | 7.56% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,564 | 8.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,952 | 6.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against SESLOC based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 40
Similarity Rank: 112
Similarity Rank: 169
Similarity Rank: 261
Similarity Rank: 363
Similarity Rank: 578
Similarity Rank: 1228
Similarity Rank: 1504
Similarity Rank: 1980
Similarity Rank: 2728
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 265 | $41,815,000 | $157,792 | n/a | 8.51% |
| Conventional | 162 | $49,650,000 | $306,481 | $3,431 | 7.87% |
For 2024, Sesloc's most frequently originated type of loan was HELOC, with 265 originations. Their 2nd most popular type was Conventional, with 162 originations.
Loan Reason
For 2024, Sesloc's most frequently cited loan purpose was Home Improvement, with 166 originations. The 2nd most popular reason was Cash Out Refi, with 98 originations.
Loan Duration/Length
For 2024, Sesloc's most frequently cited loan duration was Other, with 265 originations. The 2nd most popular length was 20 Year, with 91 originations.
Origination Fees/Closing Costs
Sesloc's average total fees were $5,373, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 124 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 301 | $46,085,000 | $153,106 |
| 7-8% | 75 | $17,485,000 | $233,133 |
| 6-7% | 42 | $21,940,000 | $522,381 |
| 5-6% | 7 | $3,725,000 | $532,143 |
| 4-5% | 2 | $2,230,000 | $1,115,000 |
During 2024, Sesloc's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was Over 8%, with 301 originations.
Loan Sizing
2024 saw Sesloc place emphasis on $100,000 or less loans with 126 originations, totaling $8,190,000 in origination value.
Applicant Income
Sesloc lent most frequently to those with incomes in the $150k-250k range, with 160 originations. The second most popular income band? $100k-150k, with 107 originations.
Applicant Debt to Income Ratio
Sesloc lent most frequently to those with DTI ratios of 30-36%, with 88 originations. The next most common DTI ratio? 20-30%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications60.40%
Sesloc has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination85.71%
Sesloc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2298.75 | 1 | $175,000 | $175,000 |
| NA | 426 | $91,290,000 | $214,296 |