Loan Counselor Salary

The average pay for a Loan Counselor is $15.48 per hour. Most people move on to other jobs if they have more than 10 years' experience in this field.

$28,592 - $50,684
(Median)
$29K
$33K
$51K
MEDIAN: $32,543
10%
50%
90%

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$11.11 - $20.61
(Median)
$11
$15
$21
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17K$34K$51K
Salary
$28,592 - $50,684  
   
Bonus
$0.00 - $13,702  
Profit Sharing
$500  
Commission
$3,100  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,264 - $47,740  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 17
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$11.11 - $20.61  
   
Overtime
$15.90 - $30.91  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $13,702  
   
Commission
$3,100  
Profit Sharing
$500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,264 - $47,740  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 35
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Job Description for Loan Counselor

  • Calculate amount of debt and available funds in order to decide amount of monthly payments and length of payment plans.
  • Analyze applicants’ current and past financial status, credit, and property evaluations to determine possibility and ease of granting loans.
  • Refinance outstanding balance and negotiate repayment plans with the lender to avoid the borrower defaulting on the loan.
  • Counsel individuals struggling to pay loans or individuals who do not meet the prerequisites for traditional loans.
  • Service low risk and pre-foreclosure accounts and approve loans with specified limits.

Loan Counselor Job Listings

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United States (change)

Find Out Exactly What You Should Be Paid

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Experience Affects Loan Counselor Salaries

Mid-Career
up arrow 13%

National Average
$33,000

Entry-Level
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
13%
1-4 years
62%
5-9 years
19%
10-19 years
2%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
medical benefits
Vision: 64%
dental benefits
None: 6%
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