Commercial Loan Specialist Salaries in Minnesota
How Much Does a Commercial Loan Specialist Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Commercial Loan Specialist in Minnesota is $100,820.
While Salary.com is seeing that Commercial Loan Specialist salary in MN can go up to $127,407
or down to $68,439, but most earn between $83,870 and $114,737.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Commercial Loan Specialist
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Similar Job Salaries to Commercial Loan Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
WELLS FARGO BANK
Senior Commercial Mortgage Administration Specialist - Commercial Real Estate Loan Operations
|
$111,644/yr
|
RANGE: $99,737 - $123,551
|
|
Wells Fargo
Job Posting Title Commercial Mortgage Loan Administration Specialist
|
$64,171/yr
|
RANGE: $56,488 - $71,853
|
|
Allianz US Life
AIM Associate/Principal - Residential/Commercial Mortgage Loan Specialist | Hybrid
|
$127,293/yr
|
RANGE: $115,505 - $139,080
|
|
Allianz Life
AIM Associate/Principal - Residential/Commercial Mortgage Loan Specialist | Hybrid
|
$127,293/yr
|
RANGE: $115,505 - $139,080
|
|
MidWestOne Bank
Commercial Loan Processor I
|
$64,883/yr
|
RANGE: $58,323 - $71,444
|
|
PROFINIUM INC
Ag/Commercial Loan Processor
|
$80,701/yr
|
RANGE: $72,232 - $89,170
|
|
Expert Service IT
Ag/Commercial Loan Processor
|
$80,701/yr
|
RANGE: $72,232 - $89,170
|
|
ExecuSearch Solutions
COMMERCIAL LOAN OFFICER
|
$108,061/yr
|
RANGE: $94,533 - $121,590
|
|
Magnifi Financial Credit Union
Commercial Loan Post Closer
|
$58,330/yr
|
RANGE: $51,814 - $64,845
|
|
Magnifi Financial
Commercial Loan Post Closer
|
$58,330/yr
|
RANGE: $51,814 - $64,845
|
Top 10 Highest Paying Cities For Commercial Loan Specialist Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Commercial Loan Specialist can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Commercial Loan Specialist job salaries in Minnesota.
Some cities can pay higher salaries for Commercial Loan Specialist jobs, which can indicate that there is a large demand for Commercial Loan Specialist positions in this city.
The following table shows top 10 cities where the Commercial Loan Specialist salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Commercial Loan Specialist salary is $103,115 in Minneapolis,
which is higher than the national average. There are 7 cities' Commercial Loan Specialist salary higher than national average in Minnesota.
The average salary for a Commercial Loan Specialist in Minnesota is $100,820,
but we found that the city with the highest salary for Commercial Loan Specialist jobs is Minneapolis, MN, and it is higher than Saint Paul.
Commercial Loan Specialist jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $103,115 | $8,593 | $1,983 | $50 |
| Saint Paul | $103,115 | $8,593 | $1,983 | $50 |
| Minnetonka | $103,115 | $8,593 | $1,983 | $50 |
| Eden Prairie | $102,938 | $8,578 | $1,980 | $49 |
| Burnsville | $102,820 | $8,568 | $1,977 | $49 |
| Lakeville | $102,465 | $8,539 | $1,970 | $49 |
| Rochester | $98,770 | $8,231 | $1,899 | $47 |
| Saint Cloud | $97,194 | $8,099 | $1,869 | $47 |
| Duluth | $94,504 | $7,875 | $1,817 | $45 |
What Does a Commercial Loan Specialist Do?
A commercial loan officer is often a supervisory position, which requires managing loan administrators and double-checking their loan paperwork for approval or disapproval of requested loans.
Updated December 15, 2021
Once a loan candidate has been assessed, the commercial loan officer will recommend approval or disapproval of the loan application based on the information provided by the business and the data they uncover during the application process.
Updated December 20, 2021
– while commercial loan officers make their decisions based on what they see on paper, customer service is still a big part of the job because they often meet with applicants face to face.
Updated December 20, 2021
The financial industry is always changing, and commercial loan officers are always learning new technologies and strategies.
Updated December 17, 2021
Commercial loan officers work in credit unions, commercial banks, mortgage companies, and financial institutions of all types.
Updated December 17, 2021
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Explore JobArchitectFrequently Asked Questions About a Commercial Loan Specialist Salaries
What is the average of a Commercial Loan Specialist in Minnesota?
The Commercial Loan Specialist salary range is from $83,870 to $114,737, and the average Commercial Loan Specialist salary is $100,820/year in Minnesota.
The Commercial Loan Specialist's salary will change in different locations.
Which location pays the highest Commercial Loan Specialist salary in the United States?
The Commercial Loan Specialist salary in San Jose, CA is $124,268
which is the highest in the US.
What kinds of reasons will influence the Commercial Loan Specialist's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Commercial Loan Specialist.
What is the growth rate of the Commercial Loan Specialist's salary?
If you are thinking of becoming a Commercial Loan Specialist or planning the next step in your career, find the detailed salary report of a Commercial Loan Specialist.
