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, Refi, 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, San Francisco, and Sacramento among others. We have data for 8 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% 4/18/24
    30 Year Conventional Purchase 6.25% 4/18/24
    30 Year Conventional Refi 6.23% 4/18/24
    30 Year Cash-out Refi 6.44% 4/18/24
    15 Year Conventional Purchase 5.87% 4/18/24
    15 Year Conventional Refi 5.94% 4/18/24
    15 Year Cash-out Refi 5.94% 4/18/24
    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

    199

    Origination Dollar Volume (All Markets)

    $70,955,000

    Awards

    SESLOC 30 Year Conventional Loans silver SESLOC 30 Year Conventional Loans gold SESLOC 30 Year Conventional Loans gold
    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) 170 $60,810,000 $357,706 $3,123 3.87%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 16 $3,940,000 $246,250 $3,036 4.26%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,600,000 $650,000 $5,136 4.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $2,070,000 $1,035,000 $4,026 3.69%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $540,000 $270,000 $2,640 3.19%
    VISALIA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.25%
    FRESNO, CA (FHA|USDA|VA) 3 $355,000 $118,333 $3,977 3.67%
    MADERA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $6,793 3.88%
    Sesloc's top markets include San Luis Obispo, Santa Maria, Los Angeles, San Francisco, and Sacramento 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: 128
    KEYPOINT
    Similarity Rank: 484
    Shea Mortgage Inc.
    Similarity Rank: 552
    COASTHILLS
    Similarity Rank: 630
    PACIFIC SERVICE
    Similarity Rank: 726
    Resource Lenders Inc.
    Similarity Rank: 830
    KINGS MORTGAGE SERVICES, INC.
    Similarity Rank: 870
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 924
    DEL SUR CORPORATION
    Similarity Rank: 1260
    COUNTRY CLUB MORTGAGE, INC.
    Similarity Rank: 2260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 199 $70,955,000 $356,558 $3,194 3.89%

    For 2019, Sesloc's most frequently originated type of loan was Conventional, with 199 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 102 $35,670,000 $349,706 $2,951 3.88%
    Refi 53 $19,005,000 $358,585 $3,003 3.80%
    Home Purchase 41 $16,105,000 $392,805 $4,173 4.00%
    Home Improvement 2 $100,000 $50,000 $1,901 4.19%
    Other 1 $75,000 $75,000 $2,041 5.50%

    For 2019, Sesloc's most frequently cited loan purpose was Cash Out Refi, with 102 originations. The 2nd most popular reason was Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 145 $58,295,000 $402,034 $3,340 3.73%
    15 Year 28 $8,430,000 $301,071 $3,165 3.93%
    20 Year 22 $3,480,000 $158,182 $2,310 4.94%
    10 Year 3 $495,000 $165,000 $2,888 3.46%
    Other 1 $255,000 $255,000 $2,732 3.88%

    For 2019, Sesloc's most frequently cited loan duration was 30 Year, with 145 originations. The 2nd most popular length was 15 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 123 $45,695,000 $371,504
    $1k-2k 44 $11,400,000 $259,091
    $5k+ 11 $6,605,000 $600,455
    $2k-3k 8 $2,380,000 $297,500
    $4k-5k 5 $2,105,000 $421,000
    $3k-4k 3 $1,255,000 $418,333

    Sesloc's average total fees were $3,340, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 123 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 108 $44,630,000 $413,241
    4-5% 57 $19,465,000 $341,491
    2.5-3% 19 $5,615,000 $295,526
    5-6% 15 $1,245,000 $83,000

    During 2019, Sesloc's average interest rate for loans was 3.73%, while their most frequently originated rate bucket for loans was 3-4%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 84 $24,230,000 $288,452 $3,152 3.85%
    $400k-600k 39 $19,295,000 $494,744 $3,660 3.94%
    $600k-1MM 28 $21,160,000 $755,714 $3,903 3.60%
    $100,000 or less 24 $1,620,000 $67,500 $2,085 4.64%
    $100k-200k 23 $3,365,000 $146,304 $2,690 3.57%
    $1MM+ 1 $1,285,000 $1,285,000 $5,486 3.63%

    2019 saw Sesloc place emphasis on $200k-400k loans with 84 originations, totaling $24,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $15,605,000 $332,021 $3,523 3.99%
    $150k-250k 45 $21,715,000 $482,556 $3,259 4.01%
    $75k-100k 40 $10,840,000 $271,000 $3,177 3.81%
    $50k-75k 32 $7,980,000 $249,375 $2,701 3.89%
    $50k or less 19 $2,955,000 $155,526 $2,646 3.66%
    $250k+ 15 $11,365,000 $757,667 $3,694 3.68%

    Sesloc lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $150k-250k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 158 $57,560,000 $364,304 $3,300 3.74%
    30-36% 15 $5,085,000 $339,000 $3,066 4.53%
    20-30% 8 $3,200,000 $400,000 $2,981 4.52%
    42% 4 $670,000 $167,500 $2,243 4.53%
    40% 3 $935,000 $311,667 $2,124 4.33%
    36% 2 $610,000 $305,000 $2,217 4.19%
    41% 2 $880,000 $440,000 $3,321 4.31%
    44% 2 $480,000 $240,000 $2,759 4.13%
    39% 1 $475,000 $475,000 $2,077 4.13%
    43% 1 $75,000 $75,000 $1,976 5.63%
    38% 1 $285,000 $285,000 $2,200 4.63%
    45% 1 $205,000 $205,000 $2,234 4.50%

    Sesloc lent most frequently to those with DTI ratios of <20%, with 158 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 190 $66,770,000 $351,421 $3,203 3.88%
    Asian 5 $2,295,000 $459,000 $2,742 3.85%
    Filipino 1 $1,285,000 $1,285,000 $5,486 3.63%
    Not applicable 1 $495,000 $495,000 $0 4.50%
    Native Hawaiian or Islander 1 $65,000 $65,000 $2,771 3.75%
    Black 1 $45,000 $45,000 $1,960 5.25%

    Approval Rates

    Total approvals of all applications
    80.47%

    Sesloc has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.81%

    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 1 $235,000 $235,000
    3178.99 1 $75,000 $75,000
    483.45 1 $285,000 $285,000
    NA 196 $70,360,000 $358,980

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $920,000 $460,000
    Single Family (1-4 Units):Manufactured 5 $885,000 $177,000
    Single Family (1-4 Units):Site-Built 192 $69,150,000 $360,156

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $5,525,000 $204,630 $2,855 3.71%
    40-60% 46 $16,710,000 $363,261 $3,291 3.71%
    60-80% 82 $37,880,000 $461,951 $3,404 3.83%
    80-100% 15 $7,585,000 $505,667 $4,283 4.03%
    Under 20% 29 $3,255,000 $112,241 $2,164 4.46%