As of March 01, 2025, the average annual salary for a Loan Closer in Fort Smith, AR is $45,100. Salary.com reports that pay typically ranges from $40,300 to $51,200, with most professionals earning between $35,930 and $56,754.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $51,200 | $4,267 | $985 | $25 |
| Average | $45,100 | $3,758 | $867 | $22 |
| 25th Percentile | $40,300 | $3,358 | $775 | $19 |
An entry-level Loan Closer with under 1 year experience makes about $42,888. With less than 2 years of experience, a mid-level Loan Closer makes around $43,732. After 2-4 years, the Loan Closer pay rises to about $45,986. Those senior Loan Closer with 5-8 years of experience earn roughly $47,446, and those Loan Closer having 8 years or more experience are expected to earn about $47,628 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $42,888 |
| Intermediate Level Loan Closer | $43,732 |
| Senior Level Loan Closer | $45,986 |
| Specialist Level Loan Closer | $47,446 |
| Expert Level Loan Closer | $47,628 |
| Entry Level | 5% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 6% |
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