As of March 01, 2025, the average annual salary for a Loan Closer in Worcester, MA is $54,400. Salary.com reports that pay typically ranges from $48,700 to $61,900, with most professionals earning between $43,510 and $68,728.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $61,900 | $5,158 | $1,190 | $30 |
| Average | $54,400 | $4,533 | $1,046 | $26 |
| 25th Percentile | $48,700 | $4,058 | $937 | $23 |
An entry-level Loan Closer with under 1 year experience makes about $51,829. With less than 2 years of experience, a mid-level Loan Closer makes around $52,849. After 2-4 years, the Loan Closer pay rises to about $55,573. Those senior Loan Closer with 5-8 years of experience earn roughly $57,337, and those Loan Closer having 8 years or more experience are expected to earn about $57,557 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $51,829 |
| Intermediate Level Loan Closer | $52,849 |
| Senior Level Loan Closer | $55,573 |
| Specialist Level Loan Closer | $57,337 |
| Expert Level Loan Closer | $57,557 |
| Entry Level | 5% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 6% |
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