How Much Does a Home Loan Specialist Make in Michigan?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Home Loan Specialist in Michigan is $46,852. While Salary.com is seeing that Home Loan Specialist salary in MI can go up to $55,680 or down to $36,854, but most earn between $41,619 and $51,473. 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 Specialist
Home Loan Consultant
$43,386
Michigan
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Home Loan Processor
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Home Loan Advisor
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Similar Job Salaries to Home Loan Specialist by Company

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Company average base salary in (usd) range
Dynagen Lending LLC
Home Loan Navigator
$81,009/yr
$72,405
$89,613
RANGE: $72,405 - $89,613
OneMain Financial
Loan Sales Specialist
$61,007/yr
$54,810
$67,203
RANGE: $54,810 - $67,203
Perry Johnson Mortgage Company
Mortgage Loan Operations Specialist
$59,089/yr
$53,510
$64,669
RANGE: $53,510 - $64,669
Commercial Bank
Commercial Loan Documentation Specialist
$58,968/yr
$53,007
$64,930
RANGE: $53,007 - $64,930
United Wholesale Mortgage
Loan Delivery Specialist
$65,137/yr
$59,193
$71,080
RANGE: $59,193 - $71,080
Huntington Bank
Consumer Loan Servicing Specialist 3
$51,855/yr
$46,411
$57,299
RANGE: $46,411 - $57,299

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Top 10 Highest Paying Cities For Home Loan Specialist Jobs in Michigan

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Home 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 Home Loan Specialist job salaries in Michigan. Some cities can pay higher salaries for Home Loan Specialist jobs, which can indicate that there is a large demand for Home Loan Specialist positions in this city.
The following table shows top 10 cities where the Home Loan Specialist salary is higher than other cities in Michigan. Ann Arbor takes first place in this list, followed by Canton, Novi. The Home Loan Specialist salary is $47,827 in Ann Arbor, which is higher than the national average. There are 6 cities' Home Loan Specialist salary higher than national average in Michigan.
The average salary for a Home Loan Specialist in Michigan is $46,852, but we found that the city with the highest salary for Home Loan Specialist jobs is Ann Arbor, MI, and it is higher than Canton. Home Loan Specialist jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Ann Arbor $47,827 $3,986 $920 $23
Canton $47,751 $3,979 $918 $23
Novi $47,599 $3,967 $915 $23
Detroit $47,580 $3,965 $915 $23
Warren $47,580 $3,965 $915 $23
Dearborn $47,580 $3,965 $915 $23
Dearborn Heights $47,556 $3,963 $915 $23
Royal Oak $47,527 $3,961 $914 $23
Westland $47,513 $3,959 $914 $23
Taylor $47,504 $3,959 $914 $23

What Does a Home Loan Specialist Do?

A higher interest rate compared to the Extra home loan (although the Extra home loan does not provide access to an Everyday Offset account or a Wealth Package).
Updated December 21, 2021
Get the most from your home loan application process and book time with a Home Lending Specialist at a time and place that suits you.
Updated November 05, 2021
Track your loan every step of the way with the help of Home Loan Navigator and your lending specialist.
Updated October 29, 2021
Another way to impact your loan-to-value ratio is by protecting the value of your home by keeping it neat and well maintained.
Updated December 22, 2021
From the above details, it’s clear that working with a home loan specialist is one of the best decisions any home investor/owner could ever make.
Updated December 22, 2021

Frequently Asked Questions About a Home Loan Specialist Salaries

What is the average of a Home Loan Specialist in Michigan?

The Home Loan Specialist salary range is from $41,619 to $51,473, and the average Home Loan Specialist salary is $46,852/year in Michigan. The Home Loan Specialist's salary will change in different locations.

Which location pays the highest Home Loan Specialist salary in the United States?

The Home Loan Specialist salary in San Jose, CA is $60,006 which is the highest in the US.

What kinds of reasons will influence the Home 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 Home Loan Specialist.

What is the growth rate of the Home Loan Specialist's salary?

If you are thinking of becoming a Home Loan Specialist or planning the next step in your career, find the detailed salary report of a Home Loan Specialist.