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Mortgage Closer I Salary in the United States

How much does a Mortgage Closer I make in the United States?

As of September 01, 2026, the average salary for a Mortgage Closer I in the United States is $39,348 per year, which breaks down to an hourly rate of $19.

However, a Mortgage Closer I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $43,022
  • Majority Range (25th-75th percentile): $36,650 to $41,271
  • Entry-Level (10th percentile): $34,194
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Mortgage Closer I Salaries

A Mortgage Closer I'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 Mortgage Closer I Salaries?

Experience is a primary driver of a Mortgage Closer I'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:

  • Entry-Level (less than 1 year): $39,147
  • Early Career (1-2 years): $39,549
  • Mid-Level (2-4 years): $39,836
  • Senior-Level (5-8 years): $39,922
  • Expert (over 8 years): $39,979
Levels Salary
Entry Level Mortgage Closer I$39,147
Intermediate Level Mortgage Closer I$39,549
Senior Level Mortgage Closer I$39,836
Specialist Level Mortgage Closer I$39,922
Expert Level Mortgage Closer I$39,979
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How Do Mortgage Closer I 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 Mortgage Closer Is. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $43,566.
  • California: $43,401.
  • Massachusetts: $42,822.

Top Paying Cities for Mortgage Closer Is

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:

  • San Jose: $49,630
  • San Francisco: $49,086
  • Oakland: $48,052

Mortgage Closer I Salary by Company Size: Startups vs. Enterprise

Mortgage Closer I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $41,947. While startup companies pay approximate $35,599.

Mortgage Closer I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $35,599
Growth Stage 51~500 $37,626
Established 501~5000 $40,535
Enterprise 5000+ $41,947

Mortgage Closer I Salary by Industry: Top Paying Sectors

For Mortgage Closer I roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Mortgage Closer positions in Business Services typically offer lower base pay, as this sector often view Mortgage Closer I as a support function rather than a direct revenue driver.

The top paying industry for a Mortgage Closer I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$47,218$23.020%

Mortgage Closer I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage Closer I'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 September 01, 2026
$36,650
Average $39,348/year
$41,271
$3,054
Average $3,279/month
$3,439
$705
Average $757/week
$794
$18
Average $19/hour
$20
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $41,271 $3,439 $794 $20
Average $39,348 $3,279 $757 $19
25th Percentile $36,650 $3,054 $705 $18

Mortgage Closer I Salary Growth & Career Path

Mortgage Closer I

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Mortgage Closer I, 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.

Next Step Role Estimate Salary Projected Raise
Mortgage Closer II $50,473 28%
Loan Processor II $48,905 24%
Commercial Loan Processor II $53,033 35%
Mortgage Loan Processor II $50,147 27%

Most common benefits for Mortgage Closer I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Mortgage Closer I

Here are companies hiring for Mortgage Closer I and their salaries, click below for more details.

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Ready to take the next step in your career? Browse thousands of current Mortgage Closer I job openings on our job board. Use the search bar below to find your perfect match.

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FAQ about Mortgage Closer I

1. Where can a Mortgage Closer I earn the most?

A Mortgage Closer I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Mortgage Closer I earns the most in San Jose, CA, where the annual salary of a Mortgage Closer I is $49,630.

2. What is the highest pay for Mortgage Closer I?

The highest pay for Mortgage Closer I is $43,022.

3. What is the lowest pay for Mortgage Closer I?

The lowest pay for Mortgage Closer I is $34,194.

4. What are the responsibilities of Mortgage Closer I?

Coordinates and finalizes mortgage loan closings by preparing accurate closing documentation and ensuring compliance with lending regulations and company policies. Drives the signing, funding, and closing of mortgage loan applications. Prepares closing disclosures, settlement statements, and other required closing documents in accordance with regulatory guidelines. Communicates with borrowers, title companies, attorneys, and loan officers to coordinate closing schedules and resolve documentation issues. Ensures that executed closing documents are properly completed and submitted for funding and post-closing processing. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience.

5. What industry pays the highest salary for Mortgage Closer I?

The Financial Services industry offers the highest average compensation for Mortgage Closer I roles, with salaries approximately 20% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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