As of April 01, 2025, the average annual salary for a Loan Closer in Chicago, IL is $50,500. Salary.com reports that pay typically ranges from $45,900 to $56,700, with most professionals earning between $41,712 and $62,345.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $56,700 | $4,725 | $1,090 | $27 |
| Average | $50,500 | $4,208 | $971 | $24 |
| 25th Percentile | $45,900 | $3,825 | $883 | $22 |
An entry-level Loan Closer with under 1 year experience makes about $49,006. With less than 2 years of experience, a mid-level Loan Closer makes around $49,839. After 2-4 years, the Loan Closer pay rises to about $52,080. Those senior Loan Closer with 5-8 years of experience earn roughly $53,536, and those Loan Closer having 8 years or more experience are expected to earn about $53,718 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $49,006 |
| Intermediate Level Loan Closer | $49,839 |
| Senior Level Loan Closer | $52,080 |
| Specialist Level Loan Closer | $53,536 |
| Expert Level Loan Closer | $53,718 |
| Entry Level | 3% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 6% |
| Experienced | 6% |
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