Cathay Bank in New York vs the state
6.2%Denial rate-13.54 pts vs state
7.0%Decision denial rate-17.03 pts vs state
77.1%Origination rate+17.50 pts vs state
6.38%Median rate-0.25 pts vs state
-0.09Rate spread (pts)-0.30 pts vs state
$150kMedian applicant income
757Loans originated
61Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,423 | 1,107 | 7.5% | 6.50% | #54 |
| 2024 | 793 | 618 | 5.3% | 7.13% | #95 |
| 2025 | 982 | 757 | 6.2% | 6.38% | #93 |
What Cathay Bank lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Cathay Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Queens County | 449 | 333 | 35 | 7.8% |
| Kings County | 191 | 165 | 5 | 2.6% |
| Nassau County | 144 | 112 | 10 | 6.9% |
| Richmond County | 114 | 83 | 8 | 7.0% |
| Suffolk County | 37 | 27 | 1 | 2.7% |
| New York County | 14 | 10 | 1 | 7.1% |
| Bronx County | 13 | 11 | 0 | 0.0% |
| Westchester County | 6 | 4 | 1 | 16.7% |
| Rockland County | 5 | 5 | 0 | 0.0% |
| Dutchess County | 3 | 3 | 0 | 0.0% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bank of America | F | 10,193 | 35.7% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 982 applications in 2025, of which 757 were originated and 61 denied.
6.2% of all applications, or 7.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Cathay Bank originated in New York 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 New York, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology