As of April 01, 2025, the average annual salary for a Loan Closer in Detroit, MI is $48,900. Salary.com reports that pay typically ranges from $44,400 to $54,800, with most professionals earning between $40,303 and $60,172.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $54,800 | $4,567 | $1,054 | $26 |
| Average | $48,900 | $4,075 | $940 | $24 |
| 25th Percentile | $44,400 | $3,700 | $854 | $21 |
An entry-level Loan Closer with under 1 year experience makes about $47,427. With less than 2 years of experience, a mid-level Loan Closer makes around $48,233. After 2-4 years, the Loan Closer pay rises to about $50,402. Those senior Loan Closer with 5-8 years of experience earn roughly $51,811, and those Loan Closer having 8 years or more experience are expected to earn about $51,987 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $47,427 |
| Intermediate Level Loan Closer | $48,233 |
| Senior Level Loan Closer | $50,402 |
| Specialist Level Loan Closer | $51,811 |
| Expert Level Loan Closer | $51,987 |
| Entry Level | 3% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 6% |
| Experienced | 6% |
Not the salary data you are looking for? Choose the city salary you want to see.
Salary.com job board provides millions of Loan Closer information for you to search for. Click on search button below to see Loan Closer job openings or enter a new job title here.
