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Mortgage Loan Officer

Mortgage Loan Officer Salary

  Annual Salary Monthly Pay Weekly Pay Hourly Wage
Top Earners $120,000 $10,000 $2,307 $58
75th Percentile $100,000 $8,333 $1,923 $48
Average $73,756 $6,146 $1,418 $35
25th Percentile $35,000 $2,916 $673 $17
$16,000 - $30,999
18% of jobs
$35,000 is the 25th percentile. Salaries below this are outliers.
$31,000 - $45,999
22% of jobs
$46,000 - $60,999
10% of jobs
The average salary is $73,756 a year
$61,000 - $75,999
8% of jobs
$76,000 - $90,999
9% of jobs
$100,000 is the 75th percentile. Salaries above this are outliers.
$91,000 - $105,999
19% of jobs
$120,000 is the 90th percentile. Salaries above this are outliers.
$106,000 - $120,999
4% of jobs
$121,000 - $135,999
2% of jobs
$136,000 - $150,999
1% of jobs
$151,000 - $165,999
0% of jobs
$166,000 - $181,000
1% of jobs

National Average

$16,000 $73,756/year $35/hour $181,000
Mortgage Loan Officer Salary Comparison by Location
Nationwide
United States
$73,756
$6,146
$1,418
$35
Ashburn, VA
Virginia
$74,768
$6,231
$1,438
$36

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.

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 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.

CityAnnual SalaryMonthly PayWeekly PayHourly Wage
New York City, NY$86,083$7,174$1,655$41.39
San Mateo, CA$84,946$7,079$1,634$40.84
Boston, MA$82,213$6,851$1,581$39.53
Juneau, AK$82,203$6,850$1,581$39.52
McLean, VA$82,091$6,841$1,579$39.47
Berkeley, CA$81,638$6,803$1,570$39.25
Daly City, CA$81,408$6,784$1,566$39.14
Santa Monica, CA$81,258$6,772$1,563$39.07
Quincy, MA$80,921$6,743$1,556$38.90
Renton, WA$80,879$6,740$1,555$38.88

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 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 TitleAnnual SalaryMonthly PayWeekly PayHourly Wage
Senior Commercial Loan Officer$128,000$10,667$2,462$61.54
Mortgage Banker$125,950$10,496$2,422$60.55
Commercial Mortgage Broker$123,450$10,288$2,374$59.35
Senior Loan Officer$108,945$9,079$2,095$52.38
Loan Broker$108,467$9,039$2,086$52.15
About Our Data
ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources.
Data used to develop this report includes ADP data. ADP is an exclusive provider of employee payroll data for ZipRecruiter.

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Mortgage Loan Officer Salaries by State

Mortgage Loan Officer Salaries by State
Nearby Mortgage Loan Officer Jobs
Within 25 miles of Ashburn, VA

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