Lender profile · HMDA 2023–2025
Cake Mortgage Corp. mortgage approval rates & lending data
Cake Mortgage Corp. decided 4,312 mortgage applications and funded 3,879 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 1,584 / 1,719 | 99% | $885K | 1,576 |
| Cash-out refinance | 87% | 1,086 / 1,255 | 99% | $495K | 1,075 |
| Refinance | 90% | 319 / 356 | 99% | $1.08M | 317 |
| Investment property purchase | 96% | 330 / 344 | 99% | $735K | 327 |
| Investment cash-out refinance | 92% | 462 / 504 | 99% | $615K | 458 |
| Investment refinance | 95% | 127 / 134 | 99% | $745K | 126 |
Cake Mortgage Corp. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 94% | $735K | 2,991 | 2,797 |
| Florida | 82% | $505K | 383 | 314 |
| Texas | 84% | $355K | 142 | 119 |
| Arizona | 89% | $335K | 123 | 108 |
| Nevada | 91% | $305K | 98 | 87 |
| New Jersey | 82% | $685K | 85 | 69 |
| Georgia | 71% | $375K | 65 | 44 |
| Washington | 88% | $595K | 49 | 43 |
| Maryland | 86% | $385K | 35 | 30 |
| Colorado | 85% | $375K | 34 | 29 |
| Illinois | 78% | $395K | 27 | 21 |
| Pennsylvania | 85% | $205K | 26 | 22 |
| North Carolina | 68% | $385K | 25 | 16 |
| South Carolina | 83% | $285K | 24 | 20 |
| Virginia | 79% | $355K | 24 | 19 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.