Colonial 1st Mortgage Inc Salary

As of August 2026, the average annual salary for employees at Colonial 1st Mortgage Inc in the United States is $89,479. This translates to an approximate hourly wage of $43. Salaries at Colonial 1st Mortgage Inc typically range from $78,486 to $101,392 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Colonial 1st Mortgage Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Colonial 1st Mortgage Inc. Based on our data, the highest paying job is the President, with an annual salary of $692,643. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Colonial 1st Mortgage Inc

Ready for your next career move? Explore current job openings at Colonial 1st Mortgage Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Colonial 1st Mortgage Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Colonial 1st Mortgage Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
RAMS Mortgage Capital $95,080
+6.3%
Driven by niche technical certifications required for RAMS Mortgage Capital's specialized projects.
Lender Express Mortgage LLC $86,873
-2.9%
Confirms Lender Express Mortgage LLC is a direct competitor vying for the exact same talent pool.
O'Brien Investment Group $95,048
+6.2%
Influenced by prevailing union wage agreements specific to O'Brien Investment Group's sector.
Banner Oak Capital Partners LP $88,382
-1.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Financial Services Industry $121,514
+35.8%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at Colonial 1st Mortgage Inc

Considering a career at Colonial 1st Mortgage Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The company ensures we are well-compensated for our hard work and dedication to financial excellence. While the environment is generally respectful, there’s room to improve recognition and cross-functional collaboration. Hiring panels receive unconscious bias training. I’ve found purpose in the work and fulfillment in the culture. This flexibility has improved my productivity and work-life harmony...
Peer relationships are collegial and supportive. Company-sponsored charity events build team spirit while helping good causes. Contracts include strong service level agreements. Colleagues are dependable and collaborative. The company culture is professional but can feel formal and reserved.
Promotions depend heavily on tenure rather than merit. This company respects work-life balance while driving innovation. This unwavering focus provides a clear sense of purpose and makes the work deeply satisfying, knowing we're making a real difference in their financial well-being. Newsletters highlight meaningful updates. Work-life balance is respected, with flexible arrangements that adapt to ...

Colonial 1st Mortgage Inc Overview

Website
www.colonial1mtg.com
Founded In
2001
Employees
<25 employees
Industry
Financial Services
Headquarter Address
11551 Nuckols Rd Glen Allen Virginia VA 23059
Revenue
<$5 Million
Phone Number
+1 8049672560
Social Media
About Colonial 1st Mortgage Inc
Colonial 1st Mortgage is an Established Mortgage Company with Personal Service and National Lending Power.

What Benefits Does Colonial 1st Mortgage Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Colonial 1st Mortgage Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Colonial 1st Mortgage Inc.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Colonial 1st Mortgage Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Colonial 1st Mortgage Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Colonial 1st Mortgage Inc

1. What is the typical salary range (low to high) for most roles at Colonial 1st Mortgage Inc?

The typical annual salary range for most roles at Colonial 1st Mortgage Inc is approximately from $78,486 to $101,392. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Colonial 1st Mortgage Inc pay compared to RAMS Mortgage Capital?

The average annual salary at Colonial 1st Mortgage Inc is $89,479, or an hourly wage of $43, in comparison to RAMS Mortgage Capital which pays $95,080 per year or $46 per hour.

3. How does experience level affect salary at Colonial 1st Mortgage Inc?

Experience level is a significant factor in determining salary at Colonial 1st Mortgage Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Colonial 1st Mortgage Inc in Richmond is fair given the local cost of living?

To determine if a salary offer from Colonial 1st Mortgage Inc in Richmond is fair, first compare the gross salary to our data for similar roles at Colonial 1st Mortgage Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Richmond" to understand its purchasing power.

5. What factors influence salary increases at Colonial 1st Mortgage Inc?

Salary increases at Colonial 1st Mortgage Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.