# Cathay Bank

> **Canonical URL:** https://saferate.com/lenders/cathay-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Cathay Bank is a bank, headquartered in Los Angeles, CA, serving borrowers across 7 states, with 199 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 70% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 47% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** FT6J43S06X6CLJ0R0B48
- **Headquarters:** Los Angeles, CA
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** CA, IL, MD, NJ, NV, NY, TX
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 30/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 53/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.192%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,438
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 199
- **Dollar Volume:** $98 million
- **Applications Received:** 284
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $493,342
- **Average Borrower Income:** $155,266
- **Average Property Value:** $830,327

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 41/100 | 199 | -0.168% | $1,451 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 194 loans, Score: 44/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 44/100 | 194 | $96M | -0.197% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 156 | 0.14% | 72/100 |
| CA | 24 | 0.01% | 47/100 |
| NV | 13 | 0.03% | 46/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New York | NY-NJ | 122 | 73/100 |
| Nassau County | NY | 35 | 59/100 |
| Las Vegas | NV | 13 | 47/100 |
| Los Angeles | CA | 10 | 42/100 |

## Where This Lender Ranks

Cathay Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#19** in New York for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Cathay Bank offer?

Cathay Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Cathay Bank offer mortgages?

Cathay Bank offers mortgages in 7 states: CA, IL, MD, NJ, NV, NY, TX.

### How competitive are Cathay Bank's mortgage rates?

Cathay Bank has a pricing score of 30/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.192% below market average.

### What type of lender is Cathay Bank?

Cathay Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Los Angeles, CA.

### What is Cathay Bank's loan approval success rate?

Cathay Bank has a pull-through score of 53/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/cathay-bank

### How to Cite

> "Cathay Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/cathay-bank

---

**[View Interactive Profile →](https://saferate.com/lenders/cathay-bank)**