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San Luis Obispo County, California · 2025

Mortgage lenders in San Luis Obispo County, CA: denial rates and top lenders (2025)

364 lenders acted on 8,269 mortgage applications for properties in San Luis Obispo County in 2025. 16.1% were denied (California: 17.4%). Median rate on closed loans 6.75%; median loan $415,000; median property value $895,000.

8.3kApplications
16.1%Denial ratestate 17.4%
6.75%Median ratestate 6.63%
$415,000Median loan
$895,000Median property value

Largest lenders in San Luis Obispo County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 683505 11.6%6.50%
2 Guaranteed Rate B 671435 1.8%6.63%
3 Sesloc C 624387 24.7%7.50%
4 Rocket Mortgage C 361248 19.4%6.63%
5 Loandepot.Com D 267166 11.2%6.75%
6 Bank of America F 216105 27.8%6.13%
7 The Golden 1 D 210120 33.8%7.75%
8 Coastal Funding Slc A 208177 0.0%6.88%
9 Pennymac Loan Services C 179112 10.1%6.75%
10 Spring Eq D 17955 51.4%8.00%
11 U.S. Bank D 17178 38.0%7.50%
12 Crosscountry Mortgage B 164125 0.6%6.75%
13 JPMorgan Chase Bank B 14485 10.4%6.38%
14 Kind Lending C 14095 23.6%6.88%
15 Newrez D 12638 19.8%6.63%
16 Coastal Community Bank C 10221 1.0%9.99%
17 The Loan Store B 9868 13.3%6.88%
18 Freedom Mortgage B 9235 6.5%6.00%
19 Envoy Mortgage D 8264 2.4%6.63%
20 Figure Lending C 7230 27.8%8.53%
21 Golden Empire Mortgage B 6745 1.5%6.38%
22 21st Mortgage F 659 27.7%10.07%
23 Nationstar Mortgage C 6446 20.3%8.19%
24 Mechanics Bank C 6334 19.1%7.25%
25 Navy Federal Credit Union D 6023 25.0%8.25%

Best approval odds in San Luis Obispo County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Coastal Funding Slc1780.0%
2Crosscountry Mortgage1290.8%
3Coastal Community Bank691.5%
4Guaranteed Rate4552.6%
5Envoy Mortgage663.0%
6Murphy Bank5710.5%
7United Shore Financial Services59013.4%
8Pennymac Loan Services13213.6%
9The Loan Store9214.1%
10JPMorgan Chase Bank10214.7%

What San Luis Obispo County borrowers applied for

By loan purpose

Home purchase 3,021 37% · 6.9% denied
Refinance 1,521 18% · 11.8% denied
Cash-out refinance 1,592 19% · 20.4% denied
Home improvement 942 11% · 31.7% denied
Other / HELOC 1,193 14% · 26.7% denied

By loan type

Conventional 7,388 89% · 16.6% denied
FHA 502 6% · 13.2% denied
VA 376 5% · 9.8% denied
USDA / RHS 3 0% · 33.3% denied

Why applications were denied

Debt-to-income ratio 527 40%
Incomplete application 212 16%
Collateral 197 15%
Credit history 153 12%
Other 104 8%
Unverifiable information 81 6%
Insufficient cash 39 3%
Employment history 7 1%

San Luis Obispo County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20236,1933,51820.9%7.13%$315,000
20247,3054,26919.1%7.00%$375,000
20258,2694,84016.1%6.75%$415,000

Frequently asked questions

16.1% of applications in San Luis Obispo County were denied in 2025, against 17.4% statewide in California.

United Shore Financial Services, with 683 applications in 2025 and a denial rate of 11.6%.

The median mortgage application in San Luis Obispo County in 2025 was for $415,000; the median property value on originated loans was $895,000.