Purchase Originations
800
Ranked #453 nationally
Median Total Costs
$6,942
+3.9% vs national ($6,680)
↑ $457 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.875% vs prior year
Median Origination
$1,380
Median Lender Credits
$651
Cost Rank (500+ vol.)
#365
among lenders with 500+ originations
Denial Rate
5.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 800 | 6.250% | $6,942 | $1,380 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 427 | 6.375% | $7,599 | #55 |
| California | 233 | 6.250% | $6,425 | #136 |
| Washington | 43 | 6.375% | $4,991 | — |
| New Jersey | 30 | 6.250% | $5,904 | — |
| Massachusetts | 21 | 6.375% | $5,679 | — |
| Nevada | 15 | 5.500% | $2,920 | — |
| Illinois | 12 | 6.312% | $6,404 | — |
| Texas | 11 | 6.250% | $5,693 | — |
| Maryland | 8 | 6.250% | $4,874 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,920 | 5.500% | — | 15 | −$4,022 | |
| 2 | $4,586 | 6.375% | — | 8 | −$2,356 | |
| 3 | $4,890 | 6.250% | — | 7 | −$2,052 | |
| 4 | $4,991 | 6.375% | — | 39 | −$1,951 | |
| 5 | $5,437 | 6.375% | — | 7 | −$1,505 | |
| 6 | $5,685 | 6.312% | — | 8 | −$1,257 | |
| 7 | $5,733 | 6.375% | — | 5 | −$1,209 | |
| 8 | $5,861 | 6.250% | — | 27 | −$1,081 | |
| 9 | $5,945 | 6.250% | — | 14 | −$997 | |
| 10 | $6,305 | 6.312% | — | 12 | −$637 | |
| 11 | $6,469 | 6.312% | — | 8 | −$473 | |
| 12 | $6,677 | 6.250% | — | 88 | −$265 | |
| 13 | $6,813 | 6.375% | — | 11 | −$129 | |
| 14 | $7,227 | 6.375% | — | 196 | +$285 | |
| 15 | $7,254 | 6.375% | — | 20 | +$312 | |
| 16 | $7,304 | 6.250% | — | 57 | +$362 | |
| 17 | $7,903 | 6.375% | — | 90 | +$961 | |
| 18 | $8,214 | 6.375% | — | 54 | +$1,272 | |
| 19 | $8,294 | 6.250% | — | 5 | +$1,352 | |
| 20 | $8,330 | 6.375% | — | 49 | +$1,388 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Cathay Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $555,000 | $335,000 | +$220,000 (+65.7%) |
| Median total closing costs | $6,942 | $7,127 | −$185 (−2.6%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.