|Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
As of Nov 22, 2020, the average annual pay for a Mortgage Loan Officer in the United States is $73,756 a year.
Just in case you need a simple salary calculator, that works out to be approximately $35.46 an hour. This is the equivalent of $1,418/week or $6,146/month.
While ZipRecruiter is seeing annual salaries as high as $181,000 and as low as $16,000, the majority of Mortgage Loan Officer salaries currently range between $35,000 (25th percentile) to $100,000 (75th percentile) with top earners (90th percentile) making $120,000 annually across the United States. The average pay range for a Mortgage Loan Officer varies greatly (by as much as $65,000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job postings on ZipRecruiter, the Mortgage Loan Officer job market in both Ashburn, VA and the surrounding area is very active. A Mortgage Loan Officer in your area makes on average $74,768 per year, or $1,012 (1%) more than the national average annual salary of $73,756. Virginia ranks number 19 out of 50 states nationwide for Mortgage Loan Officer salaries.
To estimate the most accurate annual salary range for Mortgage Loan Officer jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as a Mortgage Loan Officer on ZipRecruiter today.
We’ve identified 10 cities where the typical salary for a Mortgage Loan Officer job is above the national average. Topping the list is New York City, NY, with San Mateo, CA and Boston, MA close behind in the second and third positions. Boston, MA beats the national average by $8,456 (10.8%), and New York City, NY furthers that trend with another $12,327 (15.4%) above the $73,756 average.
Importantly, New York City, NY has a moderately active Mortgage Loan Officer job market with only a few companies currently hiring for this type of role.
With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Mortgage Loan Officer appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top ten cities varies very little at 6% between New York City, NY and Renton, WA, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Mortgage Loan Officer role.
|City||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|New York City, NY||$86,083||$7,174||$1,655||$41.39|
|San Mateo, CA||$84,946||$7,079||$1,634||$40.84|
|Daly City, CA||$81,408||$6,784||$1,566||$39.14|
|Santa Monica, CA||$81,258||$6,772||$1,563||$39.07|
We found at least five jobs related to the Mortgage Loan Officer job category that pay more per year than a typical Mortgage Loan Officer salary. Top examples of these roles include: Senior Commercial Loan Officer, Mortgage Banker, and Commercial Mortgage Broker.
Importantly, all of these jobs are paid between $34,711 (38.1%) and $54,244 (53.8%) more than the average Mortgage Loan Officer salary of $73,756. If you’re qualified, getting hired for one of these related Mortgage Loan Officer jobs may help you make more money than that of the average Mortgage Loan Officer position.
|Job Title||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|Senior Commercial Loan Officer||$128,000||$10,667||$2,462||$61.54|
|Commercial Mortgage Broker||$123,450||$10,288||$2,374||$59.35|
|Senior Loan Officer||$108,945||$9,079||$2,095||$52.38|
*Salary estimates (ZipEstimate) are not verified by employers; actual compensation can vary considerably. To learn more about Compensation Estimates, please see our FAQ