Sesloc Mortgage Rates, Fees & Info

San Luis Obispo, CA

LEI: 5493002LW7G8E8SHWC88

Tax ID: 95-1722855

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sesloc is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Sesloc has a high proportion of conventional loans. Their top markets by origination volume include: San Luis Obispo, Santa Maria, Visalia, Hanford, and San Francisco among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sesloc has an 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) 6.41% 11/22/24
    30 Year Conventional Purchase 6.25% 11/22/24
    30 Year Conventional Refi 6.23% 11/22/24
    30 Year Cash-out Refi 6.44% 11/22/24
    15 Year Conventional Purchase 5.87% 11/22/24
    15 Year Conventional Refi 5.94% 11/22/24
    15 Year Cash-out Refi 5.94% 11/22/24
    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

    160

    Origination Dollar Volume (All Markets)

    $52,430,000

    Awards

    SESLOC 30 Year Conventional Loans gold SESLOC 30 Year Conventional Loans gold SESLOC 30 Year Conventional Loans silver
    Show all (3) awards

    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) 141 $44,355,000 $314,574 $2,617 4.45%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 7 $3,665,000 $523,571 $2,526 5.07%
    VISALIA, CA (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $0 4.25%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 5 $855,000 $171,000 $2,028 4.65%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $765,000 $765,000 $10,507 4.00%
    SALINAS, CA (FHA|USDA|VA) 1 $575,000 $575,000 $3,427 5.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $475,000 $475,000 $2,404 4.50%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $415,000 $415,000 $3,154 4.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,925 4.63%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.13%
    Sesloc's top markets include San Luis Obispo, Santa Maria, Visalia, Hanford, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • 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.

    SESLOC
    Similarity Rank: 70
    Montecito Bank & Trust
    Similarity Rank: 90
    COASTHILLS
    Similarity Rank: 184
    Resource Lenders Inc.
    Similarity Rank: 242
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 351
    The Mortgage House, Inc.
    Similarity Rank: 1008
    DIGNIFIED HOME LOANS, LLC
    Similarity Rank: 1008
    COUNTRY CLUB MORTGAGE, INC.
    Similarity Rank: 1078
    THE GOLDEN 1
    Similarity Rank: 1122
    KINGS MORTGAGE SERVICES, INC.
    Similarity Rank: 1152

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 160 $52,430,000 $327,688 $2,670 4.49%

    For 2018, Sesloc's most frequently originated type of loan was Conventional, with 160 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 58 $17,710,000 $305,345 $2,550 4.43%
    Home Purchase 52 $19,270,000 $370,577 $2,880 4.49%
    Refi 40 $13,900,000 $347,500 $2,836 4.36%
    Home Improvement 9 $1,375,000 $152,778 $1,760 5.29%
    Other 1 $175,000 $175,000 $2,002 5.25%

    For 2018, Sesloc's most frequently cited loan purpose was Cash Out Refi, with 58 originations. The 2nd most popular reason was Home Purchase, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 106 $38,860,000 $366,604 $2,854 4.38%
    15 Year 33 $11,355,000 $344,091 $2,764 4.19%
    20 Year 20 $2,140,000 $107,000 $1,584 5.45%
    5 Year 1 $75,000 $75,000 $2,731 6.50%

    For 2018, Sesloc's most frequently cited loan duration was 30 Year, with 106 originations. The 2nd most popular length was 15 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 131 $39,145,000 $298,817
    $3k-4k 5 $1,545,000 $309,000
    $5k+ 5 $3,145,000 $629,000
    $1k-2k 3 $675,000 $225,000
    $2k-3k 3 $975,000 $325,000
    $4k-5k 2 $840,000 $420,000

    Sesloc's average total fees were $2,854, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 131 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 104 $39,120,000 $376,154
    3-4% 33 $9,095,000 $275,606
    5-6% 22 $4,140,000 $188,182
    6-7% 1 $75,000 $75,000

    During 2018, Sesloc's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $16,140,000 $298,889 $2,779 4.34%
    $100k-200k 34 $4,770,000 $140,294 $1,974 4.36%
    $400k-600k 34 $16,480,000 $484,706 $3,097 4.49%
    $100,000 or less 21 $1,245,000 $59,286 $1,543 5.10%
    $600k-1MM 14 $10,110,000 $722,143 $4,658 4.40%
    $1MM+ 3 $3,685,000 $1,228,333 $3,904 4.67%

    2018 saw Sesloc place emphasis on $200k-400k loans with 54 originations, totaling $16,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $13,495,000 $329,146 $2,541 4.57%
    $150k-250k 37 $14,085,000 $380,676 $2,513 4.70%
    $75k-100k 27 $6,985,000 $258,704 $2,864 4.29%
    $50k-75k 26 $5,000,000 $192,308 $2,390 4.34%
    $250k+ 17 $10,205,000 $600,294 $4,619 4.53%
    $50k or less 8 $1,120,000 $140,000 $1,965 4.16%

    Sesloc lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $12,165,000 $311,923 $2,863 4.38%
    30-36% 33 $7,865,000 $238,333 $2,330 4.55%
    <20% 14 $5,730,000 $409,286 $2,024 4.46%
    38% 12 $3,280,000 $273,333 $2,610 4.60%
    40% 11 $3,175,000 $288,636 $3,175 4.34%
    37% 10 $3,150,000 $315,000 $2,122 4.49%
    39% 10 $4,300,000 $430,000 $3,619 4.51%
    41% 7 $2,655,000 $379,286 $4,185 4.39%
    42% 7 $2,595,000 $370,714 $2,210 4.61%
    44% 4 $1,310,000 $327,500 $2,669 4.97%
    >60% 3 $2,085,000 $695,000 $2,144 4.50%
    36% 3 $1,205,000 $401,667 $2,444 4.29%
    45% 2 $850,000 $425,000 $2,229 4.56%
    43% 2 $710,000 $355,000 $2,001 4.13%
    46% 1 $305,000 $305,000 $2,184 5.50%

    Sesloc lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 148 $47,540,000 $321,216 $2,594 4.48%
    Asian 6 $1,960,000 $326,667 $6,440 4.58%
    Native Hawaiian or Islander 3 $1,145,000 $381,667 $2,238 4.38%
    Not applicable 2 $1,050,000 $525,000 $0 4.63%
    American Indian 1 $735,000 $735,000 $3,374 4.63%

    Approval Rates

    Total approvals of all applications
    85.02%

    Sesloc has an average approval rate.

    Pick Rate

    Approvals leading to origination
    38.75%

    Sesloc has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 4 $750,000 $187,500
    NA 156 $51,680,000 $331,282

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,130,000 $782,500
    Single Family (1-4 Units):Manufactured 8 $1,240,000 $155,000
    Single Family (1-4 Units):Site-Built 148 $48,060,000 $324,730

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $5,670,000 $202,500 $2,198 4.34%
    40-60% 26 $9,660,000 $371,538 $3,024 4.31%
    60-80% 58 $25,230,000 $435,000 $3,049 4.49%
    80-100% 18 $9,070,000 $503,889 $3,590 4.33%
    Over 100% 1 $325,000 $325,000 $1,943 4.13%
    Under 20% 29 $2,475,000 $85,345 $1,614 4.89%