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Loan Broker Salary in Philadelphia, PA

How much does a Loan Broker make in Philadelphia, PA? The salary range for a Loan Broker job is from $60,242 to $78,447 per year in Philadelphia, PA. Click on the filter to check out Loan Broker job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$68,163
Per Year
The average salary for a Loan Broker is $68,163
per Year in Philadelphia, PA.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$60,242
$68,163
Medium
$78,447

Highest Paying Cities for Loan Broker near Philadelphia, PA

We list eight cities that pay high wages to Loan Broker near Philadelphia. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Loan Broker pay level in these cities.

States with Higher Salaries for Loan Broker

Here are the top five states that pay the highest Loan Broker salary in the United States. District of Columbia takes first place with the highest Loan Broker salary is $71,842 per Year. California and New Jersey take the second and third place with $71,196 per Year and $70,745 per Year in the list. A higher average Loan Broker salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Philadelphia, PA?

The following job titles have similar responsibilities as a Loan Broker. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Business Loan Broker
Average salary
United States
$62,544
per Year
Broker
Average salary
United States
$100,651
per Year
Broker Assistant
Average salary
United States
$40,223
per Year
Business Broker
Average salary
United States
$67,882
per Year
Broker In Charge
Average salary
United States
$92,040
per Year
Energy Broker
Average salary
United States
$65,911
per Year

How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

What Does a Loan Broker Do?

In cases where the lender covers the fee, it is important to ensure that you are not being steered toward a more expensive loan because it comes with a higher commission for the broker.

December 22, 2021

The Commercial Loan Broker Institute is a one-stop-shop for all your commercial loan broker business needs.

December 20, 2021

A mortgage broker can simplify this process by connecting homebuyers with appropriate loans, preparing application materials and guiding the borrower through underwriting and closing.

December 18, 2021

If you’ve ever dreamed about owning your own business, being your own boss, working on your own time and making a great living doing so, then don’t pass up this loan broker business opportunity that’s waiting for you.

December 17, 2021

Individuals who are less qualified buyers or are buying less traditional properties will have an easier time finding loans for which they can be approved by going through a mortgage broker than by going through individual direct lenders with generally stricter criteria for approval.

December 13, 2021

Most Common Benefits for Loan Broker

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

Frequently Asked Questions

Common questions about salaries for a Loan Broker
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In cases where the lender covers the fee, it is important to ensure that you are not being steered toward a more expensive loan because it comes with a higher commission for the broker.
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Check the below career pages for detailed pay ranges for similar professions to Loan Broker:
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Explore our personal salary report to know the Loan Broker market value in Philadelphia, PA. And find out if any places are having a higher Loan Broker salary.
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The average salary of a Loan Broker is $68,163 in Philadelphia, PA.
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