Cathay Bank mortgage approval rate & lending review
Cathay Bank decided 5,419 mortgage applications and funded 4,660 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Cathay Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Cathay Bank at a glance
Approval is 4.6 points above the 85.5% 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% | 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 |
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 Cathay Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Queens County, NY | Mortgage lenders | 93% | 678 | 586 |
| Nassau County, NY | Mortgage lenders | 92% | 414 | 359 |
| Queens County, NY | Investment property purchase | 92% | 282 | 240 |
| Richmond County, NY | Mortgage lenders | 92% | 262 | 222 |
| Kings County, NY | Investment property purchase | 97% | 203 | 192 |
| Orange County, CA | Mortgage lenders | 88% | 224 | 191 |
| Kings County, NY | Mortgage lenders | 94% | 173 | 147 |
| Los Angeles County, CA | Investment property purchase | 90% | 149 | 131 |
| Orange County, CA | Investment property purchase | 85% | 124 | 103 |
| Richmond County, NY | Investment property purchase | 95% | 79 | 73 |
| Nassau County, NY | Investment property purchase | 94% | 64 | 57 |
| San Bernardino County, CA | Investment property purchase | 93% | 59 | 52 |
The county markets where Cathay Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Cathay Bank
What is Cathay Bank's mortgage approval rate?
Cathay Bank approved 90.1% of the 5,419 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 4.6 points above the 85.5% national rate for the same mix of loan types.
How often do borrowers take the loan Cathay Bank offers?
Borrowers accepted 95% of the loans Cathay Bank 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 Cathay Bank make?
The typical home purchase mortgage loan Cathay Bank made was $545K; across all loan types its typical loan ran from $545K to $795K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Cathay Bank lend?
Cathay Bank decided applications in 11 of the states Fat Boy Data covers, most of them in New York, California and Washington.
Can I apply to Cathay Bank directly?
Yes. Cathay Bank is a bank or credit union with 66 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Cathay Bank'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 Cathay Bank treats applications, then get a rate quote from the lender.