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First Residential Mortgage Salary

First Residential Mortgage Salary

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As of August 2026, the average annual salary for employees at First Residential Mortgage in the United States is $77,116. This translates to an approximate hourly wage of $37. Salaries at First Residential Mortgage typically range from $67,636 to $87,382 annually, reflecting the diverse roles and experience levels within the company.
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Is First Residential Mortgage’s Pay Competitive? Salary Benchmarking Analysis

How does First Residential Mortgage'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
Lake City Servicing $85,122
+10.4%
Reflects a supply-demand imbalance for the specific talent Lake City Servicing targets.
West Bay Capital LLC $101,567
+31.7%
Driven by niche technical certifications required for West Bay Capital LLC's specialized projects.
Elan Capital Inc $88,972
+15.4%
Reflects structural premiums typical of Elan Capital Inc's large-cap national operations.
Cherng Family Trust $85,745
+11.2%
Supported by Cherng Family Trust's high-margin contracts allowing higher overhead.
Financial Services Industry $121,514
+57.6%
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.

How First Residential Mortgage's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at First Residential Mortgage. Click a company name to learn more.

Employee Reviews: Working at First Residential Mortgage

Considering a career at First Residential Mortgage? 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.
Volunteer PTO allows meaningful community engagement. The open-door policy among leadership fosters trust and transparency. Strengths are recognized alongside growth areas. There's a strong ethical foundation, and our financial services truly make a difference. Everyone brings their best, which motivates me to do the same every day.
Commented in April 05, 2025
45
3
Leadership focuses on compliance and control. My manager is approachable, and the professional development budget actually gets used. Leadership communicates a clear vision, ensuring everyone is aligned with company goals.
Commented in November 15, 2024
46
0
Flexible schedules and remote work options promote a healthy work-life balance. Facilities teams keep everything running smoothly. The compensation structure is transparent and rewards performance fairly. While the work is demanding, management is respectful of personal time and avoids unnecessary overtime. Training is sufficient, and benefits are standard. They effectively steer a colossal organi...
Commented in August 15, 2024
39
2

First Residential Mortgage Overview

Website
www.1frmc.com
Founded In
1997
Employees
<25 employees
Industry
Financial Services
Headquarter Address
452 W Main St Abingdon Virginia VA 24210
Revenue
<$5 Million
Phone Number
+1 2767821677
Social Media
About First Residential Mortgage
Ryan and Barrett's communication, promptness and professionalism was strong from start to finish. Thanks for helping us navigate all sides of the refinancing process. Ryan and his team were perfect! Nothing at all to complain about. Thanks Ryan for all your support! Excellent to work with. Highly recommend. Worked to get us the best rate possible and close as fast as possible. Impressive! Ryan did

What Benefits Does First Residential Mortgage Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Residential Mortgage 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 Knoxville?

Understanding the cost of living near Knoxville is key to truly evaluating a salary offer or your current compensation at First Residential Mortgage.
Knoxville's Cost of Living Index is approximately 86.7 (13.3% less expensive than US average; 3.9% less than TN average). Eastern TN city (Univ. of TN), affordable. KATbus. When planning your budget based on a salary from First Residential Mortgage, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of First Residential Mortgage salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (KAT monthly pass, free for UT) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,205 - $3,485+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Residential Mortgage

1. How much does First Residential Mortgage in the United States pay?

First Residential Mortgage pays its employees an average of $77,116 per year. The average salary at First Residential Mortgage range from $67,636 to $87,382 per year. 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. Do First Residential Mortgage employees get a higher salary than its peer company?

The salary at First Residential Mortgage is lesser than its peer company. The average annual salary at First Residential Mortgage is $77,116, or an hourly wage of $37, in comparison to Lake City Servicing which pays $85,122 per year or $41 per hour.

3. What are the highest paying jobs at First Residential Mortgage?

The higher-paying job at First Residential Mortgage, according to our data, include Banker (avg. $72,042 per year), Underwriter (avg. $66,729 per year), and Compliance Officer (avg. $65,845 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at First Residential Mortgage?

Salary progression with years of experience at First Residential Mortgage is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at First Residential Mortgage vary by office location?

Yes, it's very likely that salaries at First Residential Mortgage vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Knoxville section provides more context.

6. Does First Residential Mortgage offer good benefits?

First Residential Mortgage typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at First Residential Mortgage" section on this page.

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