Home Loan Processor Salaries in Minnesota
How Much Does a Home Loan Processor Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Home Loan Processor in Minnesota is $46,689.
While Salary.com is seeing that Home Loan Processor salary in MN can go up to $57,424
or down to $37,753, but most earn between $42,012 and $52,308.
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 Home Loan Processor
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Home Loan Processor by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
gpac
Loan Processor
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
|
Lake Region Bank
Loan Services/RE Loan Processor
|
$48,729/yr
|
RANGE: $44,417 - $53,041
|
|
MidWestOne Bank
Commercial Loan Processor I
|
$64,883/yr
|
RANGE: $58,323 - $71,444
|
|
Calculated Hire
Loan Documentation Processor II
|
$53,462/yr
|
RANGE: $49,174 - $57,750
|
|
TEKsystems
Loan Documentation Processor
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
|
The First National Bank of Bemidji
Commercial Loan Processor and Support
|
$58,855/yr
|
RANGE: $52,905 - $64,805
|
|
Bremer Bank National Association
RRE Loan Processor -2
|
$64,139/yr
|
RANGE: $57,653 - $70,626
|
|
Delta Community Credit Union
Home Loan Processor
|
$56,162/yr
|
RANGE: $50,637 - $61,687
|
|
Gesa Credit Union
Home Loan Processor II
|
$54,055/yr
|
RANGE: $48,613 - $59,497
|
Top 10 Highest Paying Cities For Home Loan Processor Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Home Loan Processor can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Home Loan Processor job salaries in Minnesota.
Some cities can pay higher salaries for Home Loan Processor jobs, which can indicate that there is a large demand for Home Loan Processor positions in this city.
The following table shows top 10 cities where the Home Loan Processor salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Home Loan Processor salary is $47,752 in Minneapolis,
which is higher than the national average. There are 7 cities' Home Loan Processor salary higher than national average in Minnesota.
The average salary for a Home Loan Processor in Minnesota is $46,689,
but we found that the city with the highest salary for Home Loan Processor jobs is Minneapolis, MN, and it is higher than Saint Paul.
Home Loan Processor 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 | $47,752 | $3,979 | $918 | $23 |
| Saint Paul | $47,752 | $3,979 | $918 | $23 |
| Minnetonka | $47,752 | $3,979 | $918 | $23 |
| Eden Prairie | $47,669 | $3,972 | $917 | $23 |
| Burnsville | $47,615 | $3,968 | $916 | $23 |
| Lakeville | $47,450 | $3,954 | $913 | $23 |
| Rochester | $45,740 | $3,812 | $880 | $22 |
| Saint Cloud | $45,009 | $3,751 | $866 | $22 |
| Duluth | $43,764 | $3,647 | $842 | $21 |
What Does a Home Loan Processor Do?
It is the job of the loan processor to prepare a potential borrower’s mortgage application before sending it to the.
Updated November 25, 2021
Next, the loan processor arranges a home appraisal to ensure the requested mortgage amount matches up to the home’s appraised value.
Updated December 20, 2021
The loan processor is responsible for processing mortgage applications and getting them prepared for the mortgage underwriter.
Updated December 16, 2021
You can usually expect a mortgage loan processor to be involved throughout the application process: from pre-approval to closing.
Updated December 16, 2021
While the loan officer or broker may be the person who “got you the loan” to begin with, it’s the processor that will likely take over once you’ve been “sold.”.
Updated December 15, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Home Loan Processor Salaries
What is the average of a Home Loan Processor in Minnesota?
The Home Loan Processor salary range is from $42,012 to $52,308, and the average Home Loan Processor salary is $46,689/year in Minnesota.
The Home Loan Processor's salary will change in different locations.
Which location pays the highest Home Loan Processor salary in the United States?
The Home Loan Processor salary in San Jose, CA is $57,547
which is the highest in the US.
What kinds of reasons will influence the Home Loan Processor'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 Home Loan Processor.
What is the growth rate of the Home Loan Processor's salary?
If you are thinking of becoming a Home Loan Processor or planning the next step in your career, find the detailed salary report of a Home Loan Processor.
