First Bank of San Luis Obispo Mortgage Lending & HMDA Data, 2005
In 2005, First Bank of San Luis Obispo of San Luis Obispo, CA reported 105 mortgage applications totaling $27.4 million. The average application was for $261,161, and applicants reported an average income of $20,171. 39% of its applications resulted in an originated loan and 5% were denied. Its largest markets were San Luis Obispo-Paso Robles, CA (45), San Diego-Carlsbad-San Marcos, CA (14) and San Jose-Sunnyvale-Santa Clara, CA (8) (applications in parentheses).
| Mortgage Company & Address | First Bank of San Luis Obispo 995 Higuera Street San Luis Obispo, CA 93401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 |
| Total Number of Mortgage Applications | 105 |
| Total Mortgage Loan Application Amount | $27,422,000 |
| Average Mortgage Loan Application Amount | $261,161 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $20,171 |
| Highest Applicant Income | $301,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Bank of San Luis Obispo filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Luis Obispo, California | 45 | $ 6,717,000 | $ 149,266 | $ 52,000 |
| San Diego, California | 14 | $ 5,137,000 | $ 366,928 | $ 0 |
| Santa Clara, California | 8 | $ 4,028,000 | $ 503,500 | $ 0 |
| Los Angeles, California | 5 | $ 1,322,000 | $ 264,400 | $ 0 |
| Alameda, California | 4 | $ 2,225,000 | $ 556,250 | $ 0 |
| Orange, California | 4 | $ 1,011,000 | $ 252,750 | $ 0 |
| Riverside, California | 3 | $ 888,000 | $ 296,000 | $ 0 |
| San Mateo, California | 3 | $ 1,372,000 | $ 457,333 | $ 0 |
| Sacramento, California | 2 | $ 517,000 | $ 258,500 | $ 0 |
| Contra Costa, California | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Kern, California | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Marin, California | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Monterey, California | 1 | $ 224,000 | $ 224,000 | $ 0 |
| Napa, California | 1 | $ 452,000 | $ 452,000 | $ 0 |
| San Bernardino, California | 1 | $ 205,000 | $ 205,000 | $ 0 |
| San Francisco, California | 1 | $ 426,000 | $ 426,000 | $ 0 |
| San Joaquin, California | 1 | $ 181,000 | $ 181,000 | $ 0 |
| Santa Barbara, California | 1 | $ 49,000 | $ 49,000 | $ 23,000 |
| Santa Cruz, California | 1 | $ 609,000 | $ 609,000 | $ 0 |
| Sonoma, California | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Ventura, California | 1 | $ 367,000 | $ 367,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Bank of San Luis Obispo in 2005
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 56 | $15,341,000 | $273,000 | $675,000 | $15,000 | $301,000 |
| Home Purchase | 47 | $12,051,000 | $187,000 | $1,000,000 | $30,500 | $273,000 |
| Home Improvement | 2 | $30,000 | $15,000 | $20,000 | $61,000 | $110,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 57 | $20,836,000 | $365,000 | $1,000,000 | $0 | $0 |
| White | 34 | $5,531,000 | $146,500 | $920,000 | $45,500 | $301,000 |
| Hispanic | 9 | $533,000 | $64,500 | $100,000 | $42,000 | $72,000 |
| American Indian or Alaskan Native | 3 | $402,000 | $134,000 | $220,000 | $71,000 | $82,000 |
| Not Provided | 2 | $120,000 | $60,000 | $100,000 | $69,000 | $113,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 105 | $27,422,000 | $184,500 | $1,000,000 | $28,500 | $301,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Purchased By The Institution | 53 | $19,989,000 | $377,000 | $1,000,000 | $0 | $0 |
| Loan Originated | 41 | $6,430,000 | $156,000 | $920,000 | $43,000 | $301,000 |
| Application Denied By Financial Institution | 5 | $550,000 | $110,000 | $168,000 | $42,500 | $69,000 |
| Application Approved But Not Accepted | 4 | $343,000 | $85,500 | $100,000 | $67,000 | $113,000 |
| Application Withdrawn By Applicant | 2 | $110,000 | $55,000 | $90,000 | $31,000 | $37,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $478,000 | $129,500 | $168,000 | $37,000 | $46,000 |
| Credit History | 1 | $72,000 | $72,000 | $72,000 | $69,000 | $69,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank of San Luis Obispo's 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Bank of San Luis Obispo's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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