Cake Mortgage Corp. mortgage approval rate & lending review
Cake Mortgage Corp. decided 4,312 mortgage applications and funded 3,879 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Cake Mortgage Corp. reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Cake Mortgage Corp. at a glance
Approval is 11.6 points above the 79.0% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 1,584 / 1,719 | 99% | $885K | 1,576 |
| Cash-out refinance | 87% | 1,086 / 1,255 | 99% | $495K | 1,075 |
| Refinance | 90% | 319 / 356 | 99% | $1.08M | 317 |
| Investment property purchase | 96% | 330 / 344 | 99% | $735K | 327 |
| Investment cash-out refinance | 92% | 462 / 504 | 99% | $615K | 458 |
| Investment refinance | 95% | 127 / 134 | 99% | $745K | 126 |
Cake Mortgage Corp. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 94% | $735K | 2,991 | 2,797 |
| Florida | 82% | $505K | 383 | 314 |
| Texas | 84% | $355K | 142 | 119 |
| Arizona | 89% | $335K | 123 | 108 |
| Nevada | 91% | $305K | 98 | 87 |
| New Jersey | 82% | $685K | 85 | 69 |
| Georgia | 71% | $375K | 65 | 44 |
| Washington | 88% | $595K | 49 | 43 |
| Maryland | 86% | $385K | 35 | 30 |
| Colorado | 85% | $375K | 34 | 29 |
| Illinois | 78% | $395K | 27 | 21 |
| Pennsylvania | 85% | $205K | 26 | 22 |
| North Carolina | 68% | $385K | 25 | 16 |
| South Carolina | 83% | $285K | 24 | 20 |
| Virginia | 79% | $355K | 24 | 19 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Cake Mortgage Corp. lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Mortgage lenders | 96% | 793 | 759 |
| Los Angeles County, CA | Cash-out refinance | 94% | 625 | 585 |
| Los Angeles County, CA | Investment cash-out refinance | 94% | 260 | 242 |
| Los Angeles County, CA | Refinance | 93% | 215 | 200 |
| Los Angeles County, CA | Investment property purchase | 99% | 151 | 148 |
| Los Angeles County, CA | Investment refinance | 97% | 64 | 61 |
| Miami-Dade County, FL | Cash-out refinance | 78% | 67 | 52 |
| Ventura County, CA | Cash-out refinance | 96% | 26 | 24 |
| San Bernardino County, CA | Investment cash-out refinance | 96% | 24 | 23 |
The county markets where Cake Mortgage Corp. made the most loans. Each link opens that market with every lender ranked.
Questions about Cake Mortgage Corp.
What is Cake Mortgage Corp.'s mortgage approval rate?
Cake Mortgage Corp. approved 90.6% of the 4,312 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 11.6 points above the 79.0% national rate for the same mix of loan types.
How often do borrowers take the loan Cake Mortgage Corp. offers?
Borrowers accepted 99% of the loans Cake Mortgage Corp. approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Cake Mortgage Corp. make?
The typical home purchase mortgage loan Cake Mortgage Corp. made was $885K; across all loan types its typical loan ran from $495K to $1.08M. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Cake Mortgage Corp. lend?
Cake Mortgage Corp. decided applications in 44 of the states Fat Boy Data covers, most of them in California, Florida and Texas.
Can I apply to Cake Mortgage Corp. directly?
Yes. Cake Mortgage Corp. reports as a direct lender that takes applications from borrowers.
Does this page show Cake Mortgage Corp.'s interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Cake Mortgage Corp. treats applications, then get a rate quote from the lender.