Cathay Bank
Los Angeles, CA · What the federal mortgage record shows about how Cathay Bank treated New Jersey applicants, 2018–2025 — 384 reported decisions. This is historical behavior, not a prediction about your loan.
Share of 384 New Jersey applications Cathay Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.
Approval rate by loan type
“NJ” = the statewide average approval rate for that loan type, for comparison.
Approval rate over time
Pricing
Adjusting for its loan-type mix, Cathay Bank’s rates ran +0.23 pp higher than the typical New Jersey lender (average rate spread +0.46 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.
Who Cathay Bank approves
Why Cathay Bank denied applications
Where Cathay Bank lends in NJ
| County | Decisions | Approval |
|---|---|---|
| Bergen County | 84 | 83.3% |
| Middlesex County | 77 | 84.4% |
| Hudson County | 56 | 85.7% |
| Monmouth County | 31 | 87.1% |
Fees & closing costs
Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Cathay Bank’s home-purchase originations — 0.58 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $650. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →
Compare Cathay Bank to other lenders for your profile
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Open the approval tool →Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Cathay Bank (LEI FT6J43S06X6CLJ0R0B48). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →