Average Mortgage Loan Officer with Residential Loans Skills Salary

$54,287
Avg. Base Salary (USD)
10%
$35k
MEDIAN
$54k
90%
$85k

The average salary for a Mortgage Loan Officer is $54,287 in 2024

Base Salary
$35k - $85k
Bonus
$1k - $54k
Profit Sharing
$2k - $8k
Commission
$2k - $93k
Total Pay
$39k - $108k
Is Average Mortgage Loan Officer with Residential Loans Skills Salary your job title? Find out what you should be paid
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FAQs About Mortgage Loan Officers

What is the highest pay for Mortgage Loan Officers?

Our data indicates that the highest pay for a Mortgage Loan Officer is $85k / year

What is the lowest pay for Mortgage Loan Officers?

Our data indicates that the lowest pay for a Mortgage Loan Officer is $35k / year

How can Mortgage Loan Officers increase their salary?

Increasing your pay as a Mortgage Loan Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Mortgage Loan Officer that oversees more junior Mortgage Loan Officers, this experience can increase the likelihood to earn more.