Sesloc Mortgage Rates, Fees & Info
San Luis Obispo, CALEI: 5493002LW7G8E8SHWC88
Tax ID: 95-1722855
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Mortgage Data
Review & Overview
Sesloc is a smaller mortgage company specializing in Home Improvement, Cash Out 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, Hanford, Visalia, and San Jose among others. We have data for 14 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.41% | 4/28/24 |
| 30 Year Conventional Purchase | 6.25% | 4/28/24 |
| 30 Year Conventional Refi | 6.23% | 4/28/24 |
| 30 Year Cash-out Refi | 6.44% | 4/28/24 |
| 15 Year Conventional Purchase | 5.87% | 4/28/24 |
| 15 Year Conventional Refi | 5.94% | 4/28/24 |
| 15 Year Cash-out Refi | 5.94% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
636Origination Dollar Volume (All Markets)
$146,410,000Awards
SESLOC - 2022
SESLOC is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 530 | $125,010,000 | $235,868 | $3,666 | 4.99% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 78 | $11,270,000 | $144,487 | $2,642 | 5.08% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 4 | $3,700,000 | $925,000 | $0 | 4.69% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $1,585,000 | $528,333 | $3,297 | 4.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $3,338 | 4.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $5,577 | 4.28% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $2,664 | 4.96% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,276 | 5.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,155 | 4.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,207 | 5.88% |
| Outside of Metro Areas | 2 | $210,000 | $105,000 | $0 | 4.75% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 5.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,732 | 6.88% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 378 | $52,830,000 | $139,762 | n/a | 5.12% |
| Conventional | 258 | $93,580,000 | $362,713 | $3,515 | 4.81% |
For 2022, Sesloc's most frequently originated type of loan was HELOC, with 378 originations. Their 2nd most popular type was Conventional, with 258 originations.
Loan Reason
For 2022, Sesloc's most frequently cited loan purpose was Home Improvement, with 267 originations. The 2nd most popular reason was Cash Out Refi, with 143 originations.
Loan Duration/Length
For 2022, Sesloc's most frequently cited loan duration was Other, with 379 originations. The 2nd most popular length was 30 Year, with 133 originations.
Origination Fees/Closing Costs
Sesloc's average total fees were $4,584, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 176 originations.
Interest Rates
During 2022, Sesloc's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 3-4%, with 234 originations.
Loan Sizing
2022 saw Sesloc place emphasis on $100,000 or less loans with 195 originations, totaling $12,245,000 in origination value.
Applicant Income
Sesloc lent most frequently to those with incomes in the $150k-250k range, with 191 originations. The second most popular income band? $100k-150k, with 169 originations.
Applicant Debt to Income Ratio
Sesloc lent most frequently to those with DTI ratios of 20-30%, with 122 originations. The next most common DTI ratio? 30-36%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications64.84%
Sesloc has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination86.48%
Sesloc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 636 | $146,410,000 | $230,204 |