Loan Advisor Salaries in Michigan
How Much Does a Loan Advisor Make in Michigan?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Advisor in Michigan is $45,177.
While Salary.com is seeing that Loan Advisor salary in MI can go up to $55,340
or down to $36,117, but most earn between $40,435 and $50,496.
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 Loan Advisor
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Similar Job Salaries to Loan Advisor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Drivetime
Loan Advisor
|
$45,674/yr
|
RANGE: $40,255 - $51,094
|
|
AgileCap
Loan Advisor
|
$62,840/yr
|
RANGE: $54,045 - $71,634
|
|
American Career College
Student Loan Advisor
|
$61,205/yr
|
RANGE: $53,554 - $68,856
|
|
West Coast University, Inc.
Student Loan Advisor
|
$65,396/yr
|
RANGE: $56,315 - $74,477
|
|
DriveTime
Loan Advisor (Part Time)
|
$57,357/yr
|
RANGE: $48,618 - $66,096
|
|
Freedom Mortgage
Remote Loan Advisor
|
$91,666/yr
|
RANGE: $72,791 - $110,540
|
|
New York Community Bank
Sr. Loan Advisor
|
$100,721/yr
|
RANGE: $80,551 - $120,890
|
|
Jones Lang LaSalle
Senior Advisor - Loan Origination
|
$176,495/yr
|
RANGE: $145,213 - $207,777
|
Top 10 Highest Paying Cities For Loan Advisor Jobs in Michigan
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Advisor can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Loan Advisor job salaries in Michigan.
Some cities can pay higher salaries for Loan Advisor jobs, which can indicate that there is a large demand for Loan Advisor positions in this city.
The following table shows top 10 cities where the Loan Advisor salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Advisor salary is $46,962 in Ann Arbor,
which is higher than the national average. There are 18 cities' Loan Advisor salary higher than national average in Michigan.
The average salary for a Loan Advisor in Michigan is $45,177,
but we found that the city with the highest salary for Loan Advisor jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Advisor 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 | $46,962 | $3,913 | $903 | $23 |
| Canton | $46,870 | $3,906 | $901 | $23 |
| Novi | $46,733 | $3,894 | $899 | $22 |
| Westland | $46,367 | $3,864 | $892 | $22 |
| West Bloomfield | $46,184 | $3,849 | $888 | $22 |
| Detroit | $46,138 | $3,845 | $887 | $22 |
| Warren | $46,138 | $3,845 | $887 | $22 |
| Dearborn | $46,138 | $3,845 | $887 | $22 |
| Waterford | $46,138 | $3,845 | $887 | $22 |
| Dearborn Heights | $46,092 | $3,841 | $886 | $22 |
What Does a Loan Advisor Do?
Loan Closing Advisor(SM), which helps lenders close loans with confidence and reduces repurchase risk related to closing data.
Updated December 13, 2021
Loan Advisor Suite is a smart end-to-end technology solution designed to reduce costs and provide greater certainty and valuable insights throughout the loan production process.
Updated December 06, 2021
If you are thinking of becoming a Loan Advisor or planning the next step in your career, find details about.
Updated November 26, 2021
By providing automation and transparency in the loan production process, Loan Advisor Suite assesses credit, capacity, and collateral to help lenders validate the quality of the loans they originate.
Updated November 24, 2021
Your loan advisor will be able to show you the different programs that you qualify for and explain the benefits of each program.
Updated November 19, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Advisor Salaries
What is the average of a Loan Advisor in Michigan?
The Loan Advisor salary range is from $40,435 to $50,496, and the average Loan Advisor salary is $45,177/year in Michigan.
The Loan Advisor's salary will change in different locations.
Which location pays the highest Loan Advisor salary in the United States?
The Loan Advisor salary in San Jose, CA is $57,443
which is the highest in the US.
What kinds of reasons will influence the Loan Advisor'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 Loan Advisor.
What is the growth rate of the Loan Advisor's salary?
If you are thinking of becoming a Loan Advisor or planning the next step in your career, find the detailed salary report of a Loan Advisor.
