San Luis Obispo

Home Loans

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San Luis Obispo Home Loans.

Whether you are a first time home buyer or trading up to a larger home in San Luis Obispo, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For San Luis Obispo Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in San Luis Obispo, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify.

San Luis Obispo California Overview & Statistics

San Luis Obispo Overview

As of 2007, San Luis Obispo's population is 42,963 people. Since 2000, it has had a population growth of -2.74 percent.

The median home cost in San Luis Obispo is $811,800. Home appreciation the last year has been 3.32 percent.

Compared to the rest of the country, San Luis Obispo's cost of living is 59.38% Higher than the U.S. average.

San Luis Obispo public schools spend $5,467 per student. The average school expenditure in the U.S. is $6,058. There are about 20 students per teacher in San Luis Obispo.

The unemployment rate in San Luis Obispo is 4.30 percent(U.S. avg. is 4.60%). Recent job growth is Negative. San Luis Obispo jobs have Decreased by 1.76 percent.

San Luis Obispo Climate

San Luis Obispo, CA, gets 21 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 51.

On average, there are 287 sunny days per year in San Luis Obispo, CA. The July high is around 74 degrees. The January low is 44. Our comfort index, which is based on humidity during the hot months, is a 60 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

San Luis Obispo Housing

The median home value in San Luis Obispo, CA, is $811,800. Home appreciation is 3.32% over the last year. The median age of San Luis Obispo, CA, real estate is 32 years.

San Luis Obispo, CA Apartments and Rentals

Renters make up 55.65% of the San Luis Obispo, CA, population. 3.51% of houses and apartments in San Luis Obispo, CA, are unoccupied (vacancy rate).

San Luis Obispo Crime

San Luis Obispo, CA, violent crime, on a scale from 1 (low crime) to 10, is 3. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

San Luis Obispo, CA, property crime, on a scale from 1 (low) to 10, is 5. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

www.slocity.org

San Luis Obispo Real Estate Agents

California First Time Home Buyers Grants

California First Time Home Buyer Programs

California Home Mortgage Loans