As of April 01, 2025, the average annual salary for a Loan Closer in Gary, IN is $48,600. Salary.com reports that pay typically ranges from $44,200 to $54,500, with most professionals earning between $40,194 and $59,872.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $54,500 | $4,542 | $1,048 | $26 |
| Average | $48,600 | $4,050 | $935 | $23 |
| 25th Percentile | $44,200 | $3,683 | $850 | $21 |
An entry-level Loan Closer with under 1 year experience makes about $47,162. With less than 2 years of experience, a mid-level Loan Closer makes around $47,963. After 2-4 years, the Loan Closer pay rises to about $50,120. Those senior Loan Closer with 5-8 years of experience earn roughly $51,521, and those Loan Closer having 8 years or more experience are expected to earn about $51,696 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $47,162 |
| Intermediate Level Loan Closer | $47,963 |
| Senior Level Loan Closer | $50,120 |
| Specialist Level Loan Closer | $51,521 |
| Expert Level Loan Closer | $51,696 |
| Entry Level | 3% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 6% |
| Experienced | 6% |
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