Mortgage Loan Officer Salary
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| Top Earners | $200,000 | $16,666 | $3,846 | $96 |
| 75th Percentile | $130,000 | $10,833 | $2,500 | $62 |
| Average | $108,904 | $9,075 | $2,094 | $52 |
| 25th Percentile | $55,500 | $4,625 | $1,067 | $27 |
How much does a Mortgage Loan Officer make?
As of Mar 14, 2023, the average annual pay for a Mortgage Loan Officer in the United States is $108,904 a year.
Just in case you need a simple salary calculator, that works out to be approximately $52.36 an hour. This is the equivalent of $2,094/week or $9,075/month.
While ZipRecruiter is seeing annual salaries as high as $272,500 and as low as $19,500, the majority of Mortgage Loan Officer salaries currently range between $55,500 (25th percentile) to $130,000 (75th percentile) with top earners (90th percentile) making $200,000 annually across the United States. The average pay range for a Mortgage Loan Officer varies greatly (by as much as $74,500), 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 $110,392 per year, or $1,488 (1%) more than the national average annual salary of $108,904. Virginia ranks number 15 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.
What are Top 10 Highest Paying Cities for Mortgage Loan Officer Jobs
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 Green River, WY and San Mateo, CA close behind in the second and third positions. San Mateo, CA beats the national average by $14,058 (12.9%), and New York City, NY furthers that trend with another $17,784 (16.3%) above the $108,904 average.
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 Santa Monica, CA, 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 | $126,688 | $10,557 | $2,436 | $60.91 |
| Green River, WY | $123,519 | $10,293 | $2,375 | $59.38 |
| San Mateo, CA | $122,962 | $10,246 | $2,364 | $59.12 |
| Daly City, CA | $120,876 | $10,073 | $2,324 | $58.11 |
| Bend, OR | $120,456 | $10,038 | $2,316 | $57.91 |
| Boston, MA | $120,292 | $10,024 | $2,313 | $57.83 |
| Berkeley, CA | $120,278 | $10,023 | $2,313 | $57.83 |
| Renton, WA | $119,080 | $9,923 | $2,290 | $57.25 |
| Juneau, AK | $119,014 | $9,917 | $2,288 | $57.22 |
| Santa Monica, CA | $118,732 | $9,894 | $2,283 | $57.08 |
What are Top 5 Best Paying Related Mortgage Loan Officer Jobs in the U.S.
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 Mortgage Banker, Locum Tenens Mortgage Loan Officer, and Senior LOAN Officer.
Importantly, these example jobs are paid between $4,817 (4.4%) and $25,095 (23.0%) more than the average Mortgage Loan Officer salary of $108,904. 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 Mortgage Banker | $133,999 | $11,166 | $2,576 | $64.42 |
| Locum Tenens Mortgage Loan Officer | $132,899 | $11,074 | $2,555 | $63.89 |
| Senior LOAN Officer | $121,270 | $10,105 | $2,332 | $58.30 |
| Mortgage Loan Broker | $115,125 | $9,593 | $2,213 | $55.35 |
| Mortgage LOAN Consultant | $113,721 | $9,476 | $2,186 | $54.67 |
