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Magnet Mortgages Inc Salary

Magnet Mortgages Inc Salary

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As of August 2026, the average annual salary for employees at Magnet Mortgages Inc in the United States is $88,445. This translates to an approximate hourly wage of $43. Salaries at Magnet Mortgages Inc typically range from $77,560 to $100,258 annually, reflecting the diverse roles and experience levels within the company.
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Is Magnet Mortgages Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet Mortgages 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
Fastbreak Mortgage Brokers $82,622
-6.6%
Reflects market rates for standard general contracting, differing from specialized roles.
Dss-bcm $86,124
-2.6%
Suggests Dss-bcm utilizes a highly similar base-plus-benefits compensation model.
The National Council on Patent Practicum Inc $88,624
+0.2%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Indian River Land Trust $79,922
-9.6%
Typical compensation structure for smaller regional agencies like Indian River Land Trust.
Financial Services Industry $121,514
+37.4%
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 Magnet Mortgages Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnet Mortgages Inc

Considering a career at Magnet Mortgages 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.
Managers share context behind decisions. ERGs have executive sponsorship and budget. Our compliance culture is robust yet practical. Career growth exists but usually depends on seniority rather than performance.
Commented in February 25, 2025
15
3
The team is respectful and focused. I’ve found purpose in the work and fulfillment in the culture. The teams here work well together. Workloads can be high during busy periods, leading to occasional stress, despite fair compensation. I’ve had multiple growth opportunities, and my contributions are recognized.
Commented in December 31, 2024
15
1
Most tasks are procedural and repeatable. The scale of operations—, allowing employees to gain exposure to different aspects of finance. While the company offers job security and a clear structure, it can suit individuals seeking a fast-paced or highly innovative environment. What impresses me most is how the company balances traditional financial rigor with digital transformation initiatives. Thi...
Commented in July 06, 2024
23
1
Action items are documented and followed up. Training on new software is readily available, making transitions smooth. Internal mobility is actively encouraged. Knowledge transfer is prioritized before retirements. Communication between departments sometimes lacks clarity in projects.
Commented in February 27, 2024
36
3

Magnet Mortgages Inc Overview

Website
Data pending, update soon.
Founded In
1985
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
160 Mine Lake Ct Raleigh North Carolina NC 27615
Revenue
<$5 Million
Phone Number
-
Social Media
About Magnet Mortgages Inc
Magnet Mortgages Inc is a company that operates in the Financial Services industry. It employs 21-50 people and has $0M-$1M of revenue. The company is headquartered in Raleigh, North Carolina.

What Benefits Does Magnet Mortgages Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet Mortgages 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 Raleigh?

Understanding the cost of living near Raleigh is key to truly evaluating a salary offer or your current compensation at Magnet Mortgages Inc.
Raleigh's Cost of Living Index is approximately 102.3 (2.3% more expensive than US average; 6.6% more than NC average). State capital, Research Triangle Park, tech hub, housing above US avg. GoRaleigh/GoTriangle. When planning your budget based on a salary from Magnet Mortgages Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Magnet Mortgages Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (GoRaleigh monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $780+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,830 - $4,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet Mortgages Inc

1. What is the estimated average total compensation at Magnet Mortgages Inc?

Salary.com estimates that the average total compensation package at Magnet Mortgages Inc, which can include base salary, potential bonuses, and benefits, is around $88,445 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magnet Mortgages Inc pay compared to Fastbreak Mortgage Brokers?

The average annual salary at Magnet Mortgages Inc is $88,445, or an hourly wage of $43, in comparison to Fastbreak Mortgage Brokers which pays $82,622 per year or $40 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magnet Mortgages Inc?

Salary progression from an entry-level to a senior role at Magnet Mortgages Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Magnet Mortgages Inc in Raleigh is fair given the local cost of living?

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

5. Are promotions at Magnet Mortgages Inc usually accompanied by a significant salary increase?

Yes, promotions at Magnet Mortgages Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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