As of April 01, 2025, the average annual salary for a Loan Closer in Mobile, AL is $44,500. Salary.com reports that pay typically ranges from $40,500 to $50,000, with most professionals earning between $36,858 and $55,007.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $50,000 | $4,167 | $962 | $24 |
| Average | $44,500 | $3,708 | $856 | $21 |
| 25th Percentile | $40,500 | $3,375 | $779 | $19 |
An entry-level Loan Closer with under 1 year experience makes about $43,211. With less than 2 years of experience, a mid-level Loan Closer makes around $43,946. After 2-4 years, the Loan Closer pay rises to about $45,922. Those senior Loan Closer with 5-8 years of experience earn roughly $47,206, and those Loan Closer having 8 years or more experience are expected to earn about $47,366 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $43,211 |
| Intermediate Level Loan Closer | $43,946 |
| Senior Level Loan Closer | $45,922 |
| Specialist Level Loan Closer | $47,206 |
| Expert Level Loan Closer | $47,366 |
| Entry Level | 3% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 6% |
| Experienced | 6% |
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