PlainLender

SESLOC CREDIT UNION

SAN LUIS OBISPO, CA

SESLOC CREDIT UNION processed 808 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 427 loans with a 39.6% denial rate. Home Improvement was the primary loan purpose. Based in SAN LUIS OBISPO, CA. The approval rate of 52.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. SESLOC CREDIT UNION processed 808 HMDA-reported mortgage applications in 2024, originating 427 loans and denying 320 for a denial rate of 39.6%. The average loan amount was $209,196 at a 8.268% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 5493002LW7G8E8SHWC88 from SAN LUIS OBISPO, CA.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. SESLOC CREDIT UNION's 52.8% origination rate tells you how often an application turned into funded money; the 39.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit application incomplete, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (808 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

808
Applications
427
Originated
39.6%
Denial Rate
$209,196
Avg Loan Amount
Avg Interest Rate: 8.268% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 808 427 320 $209,196

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for SESLOC CREDIT UNION (LEI: 5493002LW7G8E8SHWC88) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
127
Credit application incomplete
124
Other
55
Collateral
39
Credit history
33
Unverifiable information
2
Employment history
2
Mortgage insurance denied
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 290 166 $164,793
Other 187 87 $135,588
Cash-out Refinancing 165 98 $208,758
Refinancing 94 30 $245,426
Home Purchase 72 46 $532,917

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 713 53.7% 39.4%
Joint 30 70.0% 23.3%
Asian 27 33.3% 55.6%
American Indian or Alaska Native 12 33.3% 50.0%
Black or African American 7 71.4% 28.6%
2 or more minority races 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 582 55.7% 36.8%
Hispanic or Latino 152 40.1% 52.0%
Joint 56 67.9% 30.4%

Nearby Lenders in CA

Other HMDA-reporting lenders in CA with similar activity. Compare any two side-by-side.

PENNYMAC LOAN SERVICES LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

LOANDEPOT.COM, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

NEW AMERICAN FUNDING, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare SESLOC CREDIT UNION vs PENNYMAC LOAN SERVICES LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did SESLOC CREDIT UNION process?
SESLOC CREDIT UNION processed 808 mortgage applications in the 2023 HMDA reporting year. Of these, 427 were originated (approved and funded), and 320 were denied.
What is SESLOC CREDIT UNION's mortgage approval rate?
SESLOC CREDIT UNION has an approval (origination) rate of 52.8%, meaning 52.8% of all applications resulted in a funded mortgage. The denial rate is 39.6%.
What is the average loan amount at SESLOC CREDIT UNION?
The average mortgage loan amount at SESLOC CREDIT UNION is $209,196. The average interest rate is 8.268%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at SESLOC CREDIT UNION?
The most common reasons for mortgage denial at SESLOC CREDIT UNION are: Debt-to-income ratio, Credit application incomplete, Other. In total, 320 applications were denied out of 808 total applications.
What types of mortgage loans does SESLOC CREDIT UNION offer?
SESLOC CREDIT UNION processes Conventional loans. The most common type is Conventional with 808 applications and an average loan amount of $209,196.
What loan purposes does SESLOC CREDIT UNION serve?
SESLOC CREDIT UNION serves the following loan purposes: Home Improvement (290 applications), Other (187 applications), Cash-out Refinancing (165 applications), Refinancing (94 applications), Home Purchase (72 applications). Home Improvement is the most common purpose.
Where is SESLOC CREDIT UNION located?
SESLOC CREDIT UNION is headquartered in SAN LUIS OBISPO, CA. The lender is identified by LEI 5493002LW7G8E8SHWC88 in HMDA data.
How does SESLOC CREDIT UNION compare in lending across racial demographics?
SESLOC CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 53.7% and denial rate of 39.4%; Joint applicants have an approval rate of 70.0% and denial rate of 23.3%; Asian applicants have an approval rate of 33.3% and denial rate of 55.6%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

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