Junior Mortgage Banker Salary in the United States

How much does a Junior Mortgage Banker make in the United States?

As of January 01, 2026, the average salary for a Junior Mortgage Banker in the United States is $39,430 per year, which breaks down to an hourly rate of $19.

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

  • Top Earners (90th percentile): $45,067
  • Majority Range (25th-75th percentile): $36,145 to $42,381
  • Entry-Level (10th percentile): $33,155
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View as table View as graph 25% $36,145 10% $33,155 90% $45,067 75% $42,381 $39,430 50%(Median) Didn’t find job title? Click

Junior Mortgage Banker Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $42,381 $3,532 $815 $20
Average $39,430 $3,286 $758 $19
25th Percentile $36,145 $3,012 $695 $17
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Key Factors That Influence Junior Mortgage Banker Salaries

A Junior Mortgage Banker'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.

How Experience Level Affects Junior Mortgage Banker Salaries?

Experience is a primary driver of a Junior Mortgage Banker'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): $37,889
  • Early Career (1-2 years): $38,706
  • Mid-Level (2-4 years): $39,922
  • Senior-Level (5-8 years): $40,946
  • Expert (over 8 years): $41,069
Levels Salary
Entry Level Junior Mortgage Banker$37,889
Intermediate Level Junior Mortgage Banker$38,706
Senior Level Junior Mortgage Banker$39,922
Specialist Level Junior Mortgage Banker$40,946
Expert Level Junior Mortgage Banker$41,069
$37,889 0 yr
$38,706 < 2 yrs
$39,922 2-4 yrs
$40,946 5-8 yrs
$41,069 > 8 yrs
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What Am I Worth?

How Do Junior Mortgage Banker 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 Junior Mortgage Bankers. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $43,657.
  • California: $43,491.
  • Massachusetts: $42,911.

Top Paying Cities for Junior Mortgage Bankers

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: $49,733
  • San Francisco: $49,244
  • Oakland: $48,152

What Skills Can Increase a Junior Mortgage Banker's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 17.12% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Accounting (Mentioned in 2.43% Job Postings): Creating financial statements and reports based on the summary of financial and business transactions.
  • Office Management (Mentioned in 1.53% Job Postings): Office management is a profession involving the design, implementation, evaluation, and maintenance of the process of work within an office or other organization, in order to sustain and improve efficiency and productivity.
See More Skills
Skills Demand Percentage
Customer Service 17.12%
Accounting 2.43%
Office Management 1.53%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Junior Mortgage Banker's salary.
  • Brand Awareness: Can increase your salary by up to 36%.
  • Patient Care: Can increase your salary by up to 26%.
  • Analysis: Can increase your salary by up to 17%.
Skill Salary Salary % Increase
Brand Awareness
$53,625
36%
Patient Care
$49,682
26%
Analysis
$46,133
17%
Commitment
$43,767
11%
Coordination
$42,584
8%
Initiative
$42,190
7%
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How Education impacts a Junior Mortgage Banker's Salary?

Your level of education can impact your salary potential. While many Junior Mortgage Bankers enter the field with a No Diploma 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 Junior Mortgage Banker with a No Diploma is between $36,244 and $38,263).

Junior Mortgage Banker Salaries by Degree Level

Typical Education for Junior Mortgage Banker
Degree Level % of user with this level of education
No Diploma 6.3%
High School 47.2%
Associates 13.4%
Bachelors 29.9%
Masters 3.1%
Doctorate 0.0%
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Junior Mortgage Banker Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Junior Mortgage Banker'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 January 01, 2026

Salary Trends for Junior Mortgage Banker

Salaries for a Junior Mortgage Banker can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $36,577 in 2023 to around $36,609 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Junior Mortgage Banker salary trends, .

Average Annual Salary of Junior Mortgage Banker Over Time

2022
$???
2023
$36,577
2024
$36,661
2025
$36,609
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $36,577
2024 $36,661
2025 $36,609
2026
View More
2027
View More

Most common benefits for Junior Mortgage Banker

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Junior Mortgage Banker

Here are companies hiring for Junior Mortgage Banker and their salaries, click below for more details.

Find Your Next Junior Mortgage Banker Job

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

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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.)

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