What are the main factors that influence a Loan Processor II's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Processor 's salary?

A Loan Processor 's salary grows with experience: a Loan Processor I (0-1 years)earns $44,210, a Loan Processor II (1-3 years)earns $49,520, a Loan Processor III (3-5 years)earns $60,014, a Loan Processing Supervisor (5+ years)earns $64,857,

What are the highest paying states for a Loan Processor II?

Loan Processor II salary varies significantly by state. The top 3 highest paying states for Loan Processor II roles are District of Columbia $54,141, California $53,936, Massachusetts $53,217. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Processor roles make?

Salaries for Loan Processor level roles vary by specialization: Business Loan Processor II: $59,790; Commercial Lending Processor II: $59,743; Commercial Loan Processor II: $59,730; Loan Processor III: $59,261; Junior Loan Processor: $56,609.

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Loan Processor II Salary in Delaware

How much does a Loan Processor II make in Delaware?

As of May 01, 2026, the average salary for a Loan Processor II in Delaware is $49,520 per year, which breaks down to an hourly rate of $24.

However, a Loan Processor II's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $58,994
Majority Range (25th-75th percentile): $45,763 to $54,479
Entry-Level (10th percentile): $42,342

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Loan Processor II Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,479	$4,540	$1,048	$26
Average	$49,520	$4,127	$952	$24
25th Percentile	$45,763	$3,814	$880	$22

You may get higher pay by adjusting the following factors:

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Check out Loan Processor II Job Openings in Delaware

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M&T Bank - Wilmington, DE

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Wilmington Trust - Wilmington, DE

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Wilmington Trust - Wilmington, DE

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University Hospitals - CHARDON, OH

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Key Factors That Influence Loan Processor II Salaries

A Loan Processor II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Loan Processor Salaries?

Experience is a primary driver of a Loan Processor II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Loan Processor I (0-1 years): $44,210
Loan Processor II (1-3 years): $49,520
Loan Processor III (3-5 years): $60,014
Loan Processing Supervisor (5+ years): $64,857

Job Role	Years of Experience	Average Salary
Loan Processor I	0-1 years	$44,210
Loan Processor II	1-3 years	$49,520
Loan Processor III	3-5 years	$60,014
Loan Processing Supervisor	5+ years	$64,857

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What Am I Worth?

How Do Loan Processor II Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Processor IIs. For example, consider the average annual salaries in these key locations:

District of Columbia: $54,141.
California: $53,936.
Massachusetts: $53,217.

District of Columbia $54,141 California $53,936 Massachusetts $53,217 Washington $53,021 New Jersey $53,002 Alaska $52,933 Connecticut $52,258 New York $51,985

Hawaii $51,109 Rhode Island $50,698 Maryland $50,420 Minnesota $50,038 Colorado $49,892 Illinois $49,843 Oregon $49,657 Delaware $49,520

New Hampshire $49,434 Virginia $49,241 Pennsylvania $48,679 Nevada $48,395 North Dakota $48,302 Michigan $48,156 Wisconsin $48,102 Vermont $47,994

Texas $47,696 Maine $47,677 Arizona $47,647 Ohio $47,613 Georgia $47,163 Indiana $46,938 Wyoming $46,894 Utah $46,826

Iowa $46,796 Kansas $46,562 Louisiana $46,493 North Carolina $46,469 Missouri $46,459 Florida $46,268 Montana $46,166 Nebraska $46,068

Kentucky $46,014 South Carolina $45,818 Tennessee $45,696 Idaho $45,647 New Mexico $45,290 Oklahoma $45,212 Alabama $44,924 South Dakota $44,439

Arkansas $44,175 West Virginia $44,034 Mississippi $43,608

Top Paying Cities for Loan Processor IIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Lincoln: $49,297
Little Creek: $49,658
Magnolia: $49,587

Lincoln, DE $49,297 Little Creek, DE $49,658 Magnolia, DE $49,587 Milford, DE $49,422 Marydel, DE $49,503 Millsboro, DE $49,090 Millville, DE $49,166 Milton, DE $49,251

Nassau, DE $49,287 Ocean View, DE $49,158 Rehoboth Beach, DE $49,252 Seaford, DE $49,280 Selbyville, DE $49,076 Smyrna, DE $49,692 Viola, DE $49,463 Woodside, DE $49,596

Bear, DE $49,482 Newark, DE $49,463 Claymont, DE $49,565 Delaware City, DE $49,513 Hockessin, DE $49,459 Kirkwood, DE $49,503 Middletown, DE $49,522 Montchanin, DE $49,470

New Castle, DE $49,477 Odessa, DE $49,547 Port Penn, DE $49,580 Rockland, DE $49,475 Saint Georges, DE $49,507 Townsend, DE $49,583 Winterthur, DE $49,481 Lewes, DE $49,270

Wilmington, DE $49,461 Dover, DE $49,658 Dover Afb, DE $49,396 Bethany Beach, DE $49,106 Bethel, DE $49,157 Bridgeville, DE $49,273 Camden Wyoming, DE $49,518 Cheswold, DE $49,642

Clayton, DE $49,643 Dagsboro, DE $49,072 Delmar, DE $48,993 Ellendale, DE $49,142 Felton, DE $49,418 Fenwick Island, DE $49,082 Frankford, DE $48,997 Frederica, DE $49,467

Georgetown, DE $49,053 Greenwood, DE $49,280 Harbeson, DE $49,105 Harrington, DE $49,356 Hartly, DE $49,509 Houston, DE $49,285 Kenton, DE $49,646 Laurel, DE $49,024

Yorklyn, DE $49,474

Loan Processor II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Processor II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 01, 2026

$45,763

Average $49,520/year

$54,479

$3,814

Average $4,127/month

$4,540

$880

Average $952/week

$1,048

$22

Average $24/hour

$26

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,479	$4,540	$1,048	$26
Average	$49,520	$4,127	$952	$24
25th Percentile	$45,763	$3,814	$880	$22

Loan Processor II Salary Growth & Career Path

Loan Processor II

Mortgage Closer III

Loan Processor III

Commercial Loan Processor III

Mortgage Loan Processor III

Mortgage Closing Manager

Loan Processing Assistant Manager

Promotions are the fastest way to increase your earnings. As a Loan Processor II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan Processor II Salary Growth and Career Path
Next Step Role	Estimate Salary	Projected Raise
Mortgage Closer III	$57,978	17%
Loan Processor III	$60,014	21%
Commercial Loan Processor III	$53,956	9%
Mortgage Loan Processor III	$71,588	45%

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