The average pay for a Loan Counselor is $14.40 per hour. Most people move on to other jobs if they have more than 10 years' experience in this field.

$11.21 - $19.76
(Median)
$11
$14
$20
MEDIAN: $14.00
10%
50%
90%

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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$9$18$27
Hourly Rate
$11.21 - $19.76  
   
Overtime
$19.76  
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$18K$36K$54K
Bonus
$3,277  
   
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).
)
$25,046 - $48,507  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 21
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Job Description for Loan Counselor

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

Loan Counselor Job Listings

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Related Jobs

Experience Affects Loan Counselor Salaries

Mid-Career
up arrow 12%

National Average
$34,000

Entry-Level
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
13%
1-4 years
75%
5-9 years
8%
10-19 years
4%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 100%
medical benefits
Vision: 76%
dental benefits
None:
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