As of March 01, 2025, the average annual salary for a Loan Closer in Tuscaloosa, AL is $48,400. Salary.com reports that pay typically ranges from $43,200 to $55,000, with most professionals earning between $38,466 and $61,009.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $55,000 | $4,583 | $1,058 | $26 |
| Average | $48,400 | $4,033 | $931 | $23 |
| 25th Percentile | $43,200 | $3,600 | $831 | $21 |
An entry-level Loan Closer with under 1 year experience makes about $46,032. With less than 2 years of experience, a mid-level Loan Closer makes around $46,938. After 2-4 years, the Loan Closer pay rises to about $49,358. Those senior Loan Closer with 5-8 years of experience earn roughly $50,924, and those Loan Closer having 8 years or more experience are expected to earn about $51,120 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $46,032 |
| Intermediate Level Loan Closer | $46,938 |
| Senior Level Loan Closer | $49,358 |
| Specialist Level Loan Closer | $50,924 |
| Expert Level Loan Closer | $51,120 |
| Entry Level | 5% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 6% |
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