As of May 01, 2026, the average salary for a Mortgage Closer I in New Mexico is $47,598 per year, which breaks down to an hourly rate of $23.
However, a Mortgage Closer I's salary can vary significantly. Here’s a look at the typical salary range:
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Mortgage Closer I Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $52,935 | $4,411 | $1,018 | $25 |
| Average | $47,598 | $3,967 | $915 | $23 |
| 25th Percentile | $42,890 | $3,574 | $825 | $21 |
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A Mortgage Closer I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how geographic location and company size can directly affect your earning potential.
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:
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:
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $52,935 | $4,411 | $1,018 | $25 |
| Average | $47,598 | $3,967 | $915 | $23 |
| 25th Percentile | $42,890 | $3,574 | $825 | $21 |
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 | $46,737 | -2% |
| Loan Processor II | $45,290 | -5% |
| Commercial Loan Processor II | $55,322 | 16% |
| Mortgage Loan Processor II | $46,435 | -2% |
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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