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2024 data HMDA 2024 disclosure official source

San Luis Obispo County

8,034 mortgage applications, 17.4% denial rate. Verify FIPS 06079 with U.S. Census Bureau →

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California · FIPS 06079

Local mortgage market. San Luis Obispo County, California saw 8,034 HMDA-reported mortgage applications in 2024. Lenders originated 4,193 of those loans and denied 1,398, producing a denial rate of 17.4% and an approval (origination) rate of 52.2%. The average loan amount was $468,880 at an average note rate of 7.46%, with applicants self-reporting average annual income of $39K. 310 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 12.0x, meaning typical borrowers took on mortgages of about 12.0 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 06079 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

8,034
Applications
4,193
Originated
17.4%
Denial Rate
52.2%
Approval Rate
$468,880
Avg Loan Amount
7.46%
Avg Interest Rate
$39K
Avg Applicant Income
12.0x
Loan-to-Income Ratio

Nearby Lenders in San Luis Obispo County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 United Wholesale Mortgage 442 10.5%
2 Guaranteed Rate, INC. 358 8.5%
3 Sesloc Credit Union 335 8.0%
4 Rocket Mortgage 229 5.5%
5 Coastal Funding SLC, Inc. 181 4.3%
Compare United Wholesale Mortgage vs Guaranteed Rate, INC. →

Frequently Asked Questions

How many mortgage applications were filed in San Luis Obispo County?
In the 2024 HMDA reporting year, 8,034 mortgage applications were filed in San Luis Obispo County, California. Of these, 4,193 were originated (approved and funded), while 1,398 were denied, resulting in a denial rate of 17.4%.
What is the mortgage denial rate in San Luis Obispo County?
The mortgage denial rate in San Luis Obispo County is 17.4%. The approval (origination) rate is 52.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in San Luis Obispo County?
The average mortgage loan amount in San Luis Obispo County is $468,880. The average interest rate is 7.455%. The average applicant income is $39K.
What is the loan-to-income ratio in San Luis Obispo County?
The average loan-to-income ratio in San Luis Obispo County is 12.0x, meaning borrowers took on loans averaging 12.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in San Luis Obispo County?
The top mortgage lenders in San Luis Obispo County by origination volume are United Wholesale Mortgage, Guaranteed Rate, INC., Sesloc Credit Union. In total, 310 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.