Lender profile · HMDA 2023–2025
Cathay Bank mortgage approval rates & lending data
Cathay Bank decided 5,419 mortgage applications and funded 4,660 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 2,875 / 3,141 | 95% | $545K | 2,737 |
| Cash-out refinance | 84% | 127 / 151 | 97% | $655K | 123 |
| Refinance | 79% | 209 / 263 | 94% | $745K | 197 |
| Investment property purchase | 91% | 1,327 / 1,457 | 96% | $585K | 1,272 |
| Investment cash-out refinance | 87% | 129 / 149 | 97% | $795K | 125 |
| Investment refinance | 82% | 190 / 231 | 96% | $655K | 183 |
Cathay Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 92% | $545K | 2,631 | 2,273 |
| California | 88% | $585K | 1,908 | 1,633 |
| Washington | 85% | $705K | 239 | 198 |
| New Jersey | 92% | $415K | 205 | 184 |
| Texas | 90% | $305K | 129 | 111 |
| Nevada | 87% | $415K | 112 | 94 |
| Massachusetts | 82% | $555K | 95 | 76 |
| Illinois | 93% | $315K | 74 | 69 |
| Maryland | 91% | $435K | 23 | 21 |
| Pennsylvania | 0% | — | 2 | 0 |
| Rhode Island | 100% | $705K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.