As of April 01, 2025, the average annual salary for a Loan Closer in Duluth, MN is $46,900. Salary.com reports that pay typically ranges from $42,600 to $52,600, with most professionals earning between $38,685 and $57,790.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $52,600 | $4,383 | $1,012 | $25 |
| Average | $46,900 | $3,908 | $902 | $23 |
| 25th Percentile | $42,600 | $3,550 | $819 | $20 |
An entry-level Loan Closer with under 1 year experience makes about $45,488. With less than 2 years of experience, a mid-level Loan Closer makes around $46,261. After 2-4 years, the Loan Closer pay rises to about $48,341. Those senior Loan Closer with 5-8 years of experience earn roughly $49,692, and those Loan Closer having 8 years or more experience are expected to earn about $49,861 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $45,488 |
| Intermediate Level Loan Closer | $46,261 |
| Senior Level Loan Closer | $48,341 |
| Specialist Level Loan Closer | $49,692 |
| Expert Level Loan Closer | $49,861 |
| Entry Level | 3% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 6% |
| Experienced | 6% |
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