As of March 01, 2026, the average salary for a Mortgage Credit Analyst in the United States is $57,911 per year, which breaks down to an hourly rate of $28.
However, a Mortgage Credit Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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A Mortgage Credit Analyst'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, education and company size can directly affect your earning potential.
Experience is a primary driver of a Mortgage Credit Analyst'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:
| Levels | Salary |
|---|---|
| Entry Level Mortgage Credit Analyst | $57,466 |
| Intermediate Level Mortgage Credit Analyst | $58,193 |
| Senior Level Mortgage Credit Analyst | $60,304 |
| Specialist Level Mortgage Credit Analyst | $60,726 |
| Expert Level Mortgage Credit Analyst | $61,008 |
What Am I Worth?
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 Credit Analysts. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 17.96% |
| Commercial Loans | 2.25% |
| Billing | 1.45% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Financial Statement Analysis
|
$78,180 |
35%
|
|
Commercial Banking
|
$72,389 |
25%
|
|
Credit Risk
|
$71,231 |
23%
|
|
Risk Management
|
$70,651 |
22%
|
|
Accountability
|
$68,914 |
19%
|
|
Financial Analysis
|
$67,177 |
16%
|
Your level of education can impact your salary potential. While many Mortgage Credit Analysts enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Mortgage Credit Analyst with a High School Diploma or Technical Certificate is between $52,439 and $56,762).
Mortgage Credit Analyst Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 24.0% |
| High School | 24.0% |
| Associates | 4.0% |
| Bachelors | 64.0% |
| Masters | 8.0% |
| Doctorate | 0.0% |
Understanding how a Mortgage Credit Analyst'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 March 01, 2026For a Mortgage Credit Analyst, the most direct path to higher earnings is advancing to the Mortgage Underwriter II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $73,326 - a projected growth of 27% over your current level.
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Compensation PlanningHere are companies hiring for Mortgage Credit Analyst and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Mortgage Credit Analyst job openings on our job board. Use the search bar below to find your perfect match.
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A Mortgage Credit Analyst'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 Credit Analyst earns the most in San Jose, CA, where the annual salary of a Mortgage Credit Analyst is $73,043.
The highest pay for Mortgage Credit Analyst is $75,928.
The lowest pay for Mortgage Credit Analyst is $46,529.
Assesses the risk and creditworthiness of loan applicants and recommends loan approval, terms, or application denial. Gathers necessary credit, income, and tax information to conduct financial assessments. Reviews and verifies property appraisals, collateral value, and key indicators such as debt-to-income and loan-to-value ratios. Prepares a detailed credit analysis and summary using underwriting guidelines, risk assessment frameworks, and following applicable regulatory compliance. May require a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.
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.)
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