As of April 01, 2025, the average annual salary for a Residential Mortgage Officer III in Minnesota is $94,590. According to Salary.com, salaries can range from a low of $75,791 to a high of $116,942, with most professionals earning between $84,750 and $106,290.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $103,867 | $8,656 | $1,997 | $50 |
| Average | $92,427 | $7,702 | $1,777 | $44 |
| 25th Percentile | $82,818 | $6,902 | $1,593 | $40 |
An entry-level Residential Mortgage Officer III with under 1 year experience makes about $90,180. With less than 2 years of experience, a mid-level Residential Mortgage Officer III makes around $90,914. After 2-4 years, the Residential Mortgage Officer III pay rises to about $92,382. Those senior Residential Mortgage Officer III with 5-8 years of experience earn roughly $94,584, and those Residential Mortgage Officer III having 8 years or more experience are expected to earn about $98,952 on average.
| Levels | Salary |
|---|---|
| Entry Level Residential Mortgage Officer III | $90,180 |
| Intermediate Level Residential Mortgage Officer III | $90,914 |
| Senior Level Residential Mortgage Officer III | $92,382 |
| Specialist Level Residential Mortgage Officer III | $94,584 |
| Expert Level Residential Mortgage Officer III | $98,952 |
| Entry Level | 2% |
| Mid Level | 2% |
| Senior Level | 0% |
| Top Level | 2% |
| Experienced | 7% |
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Residential Mortgage Officer III salary varies from city to city. Compared with national average salary of Residential Mortgage Officer III, the highest Residential Mortgage Officer III salary is in San Francisco, CA, where the Residential Mortgage Officer III salary is 24.9% above. The lowest Residential Mortgage Officer III salary is in Miami, FL, where the Residential Mortgage Officer III salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $115,440 |
24.9%
|
| Washington, DC | $102,340 |
10.7%
|
| Miami, FL | $88,810 |
|
| Chicago, IL | $95,520 |
3.3%
|
| Boston, MA | $103,090 |
11.5%
|
| New York, NY | $107,120 |
15.9%
|
