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Mortgage Lending Manager Salary in Rhode Island

How much does a Mortgage Lending Manager make in Rhode Island?

As of August 01, 2026, the average salary for a Mortgage Lending Manager in Rhode Island is $121,570 per year, which breaks down to an hourly rate of $58.

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

  • Top Earners (90th percentile): $146,832
  • Majority Range (25th-75th percentile): $108,283 to $134,793
  • Entry-Level (10th percentile): $96,187
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Mortgage Lending Manager Salaries

A Mortgage Lending Manager'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 Lending Manager Salaries?

Experience is a primary driver of a Mortgage Lending Manager'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:

  • Mortgage Loan Officer III (4-7 years): $96,607
  • Mortgage Lending Assistant Manager (7+ years): $99,250
  • Mortgage Lending Manager (7+ years): $121,570
  • Mortgage Loan Area Manager (7+ years): $144,489
  • VP of Mortgage Lending (7+ years): $270,974
Job Role Years of Experience Average Salary
Mortgage Loan Officer III4-7 years$96,607
Mortgage Lending Assistant Manager7+ years$99,250
Mortgage Lending Manager7+ years$121,570
Mortgage Loan Area Manager7+ years$144,489
VP of Mortgage Lending7+ years$270,974
View as Graph

How Do Mortgage Lending Managers 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 Lending Managers. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $129,825.
  • California: $129,332.
  • Massachusetts: $127,609.

Top Paying Cities for Mortgage Lending Manager

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:

  • Adamsville: $123,090
  • Albion: $122,050
  • Ashaway: $122,856

Mortgage Lending Manager Salary by Company Size: Startups vs. Enterprise

Mortgage Lending Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $130,889. While startup companies pay approximate $110,931.

Mortgage Lending Manager Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $110,931
Growth Stage 51~500 $117,291
Established 501~5000 $126,440
Enterprise 5000+ $130,889

Mortgage Lending Manager Salary by Industry: Top Paying Sectors

For Mortgage Lending Manager roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Business Services sectors offer the strongest compensation, at 50% above the average. In contrast, Mortgage Lending Manager positions in Insurance or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Mortgage Lending Manager as a support function rather than a direct revenue driver.

The top paying industries for a Mortgage Lending Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$175,882$85.050%
Business Services$140,706$68.020%

Mortgage Lending Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage Lending Manager'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 August 01, 2026
$108,283
Average $121,570/year
$134,793
$9,024
Average $10,131/month
$11,233
$2,082
Average $2,338/week
$2,592
$52
Average $58/hour
$65
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $134,793 $11,233 $2,592 $65
Average $121,570 $10,131 $2,338 $58
25th Percentile $108,283 $9,024 $2,082 $52

Mortgage Lending Manager Salary Growth & Career Path

Mortgage Lending Manager

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Mortgage Lending Manager, 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 Lending Senior Manager $144,489 19%
Mortgage Lending Branch Manager $116,089 -5%

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Cost of Living In Rhode Island

Cost of Living in Rhode Island is
3.7% Higher
than the National Average

Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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