Cathay Bank in Massachusetts vs the state
10.0%Denial rate-6.21 pts vs state
11.1%Decision denial rate-8.84 pts vs state
77.5%Origination rate+14.90 pts vs state
6.38%Median rate-0.25 pts vs state
-0.32Rate spread (pts)-0.41 pts vs state
$180kMedian applicant income
31Loans originated
4Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 50 | 30 | 22.0% | 6.50% | #310 |
| 2024 | 25 | 19 | 8.0% | 7.13% | #380 |
| 2025 | 40 | 31 | 10.0% | 6.38% | #351 |
What Cathay Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Cathay Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 21 | 14 | 4 | 19.0% |
| Norfolk County | 13 | 12 | 0 | 0.0% |
| Suffolk County | 5 | 4 | 0 | 0.0% |
| Worcester County | 1 | 1 | 0 | 0.0% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 40 applications in 2025, of which 31 were originated and 4 denied.
10.0% of all applications, or 11.1% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Cathay Bank originated in Massachusetts in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Cathay Bank's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology