Home Mortgage Loans

Whether you're a first-time home buyer, want to upgrade your current home, or you’re ready to refinance your present mortgage, our experienced Mortgage Loan Originators (MLO) are here to help.

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Find a Mortgage Loan Originator

Cathay Bank offers a variety of fixed and adjustable-rate mortgage loans with competitive rates and options. We consider first-time buyers and nonresidents with or without traditional credit history. Our Mortgage Loan Originators are committed to helping you get through the loan process smoothly and choose a mortgage tailored to your needs.

Compare each of our loan type’s features and benefits below. To get started, simply apply online at Cathay Home Lending, speak with a Mortgage Loan Originator, or visit your nearest Cathay Bank branch for more details.

Mortgage types	Home Mortgage Plus^1,2	Nonresident Mortgage¹	Conventional Fixed Period Adjustable Rate Mortgage (ARM) or Hybrid ARM¹	Conventional Fixed Rate Mortgage¹	Community Home Buyers Program^1, 3
May be suitable for:	Homeowners who intend to purchase or refinance their primary residence, second home or investment property and are looking for an alternate form of financing	Foreign nationals interested in purchasing or refinancing an investment property in the U.S.	Those who prefer a lower initial monthly payment Those purchasing or refinancing an investment property and do not intend to own it for a long time, generally less than 7 years Those who want to handle potential increases to the monthly payment after the fixed period ends	Those who plan on owning a home for a long time, generally 7 years or more Those who prefer the security of payment stability	First time home buyers Home buyers who have limited funds for a down payment
Features & benefits	Alternative income documentation² Flexible qualification options available Competitive rates with fixed and adjustable rate plan options	Fixed or adjustable payments Flexible qualification options available Competitive rates	Generally lower initial rate and is fixed for a certain period, typically 3 or 5 years Competitive rates May provide flexibility if you expect future income rise	Fixed and predictable payments for the life of the loan Competitive rates Protects homeowners from rising interest rates	Lower down payment Flexibility to allow for higher debt servicing ratios Use non-traditional payment history, such as rent or utility receipts to demonstrate good credit Fixed and predictable payments for the life of the loan Competitive rates No lender fee⁴ Protects homeowners from rising interest rates Online application not available

There are no prepayment penalties on the above mortgage plans.

Restrictions and limitations may apply.
If you select the “Alternative Income Documentation” Home Mortgage Plus Adjustable Rate Mortgage loan program, the interest rate on your loan will be higher than a Conventional Adjustable Rate Mortgage Loan, and the Loan to Value (LTV) requirement is stricter, for example: an LTV of 65% is required for a maximum loan amount up to $2,500,000. For comparison purposes, please ask us to provide the terms and payments for a Conventional Adjustable Rate Mortgage loan.
Subject to area median income restrictions.
Subject to full documentation, appraisal, credit and other necessary verifications. Lender fees include discount points, origination fee, appraisal fee, credit report fee, flood determination fee, tax service fee and escrow/closing fee.