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As of August 01, 2026, the average salary for a Loan Advisor in Michigan is $46,616 per year, which breaks down to an hourly rate of $22.
However, a Loan Advisor's salary can vary significantly. Here’s a look at the typical salary range:
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Loan Advisor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $50,155 | $4,180 | $965 | $24 |
| Average | $46,616 | $3,885 | $896 | $22 |
| 25th Percentile | $42,898 | $3,575 | $825 | $21 |
Zillow - HARAHAN, LA
Zillow - QUIVIRA, KS
Zillow - MOUNT RAINIER, MD
Zillow - TIMES SQUARE, WA
A Loan Advisor'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 and company size can directly affect your earning potential.
Experience is a primary driver of a Loan Advisor'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:
| Levels | Salary |
|---|---|
| Loan Serv... Level Loan Advisor | $42,052 |
| Loan Advi... Level Loan Advisor | $46,874 |
| Loan Serv... Level Loan Advisor | $52,083 |
| Loan Serv... Level Loan Advisor | $64,064 |
| Loan Serv... Level Loan Advisor | $97,202 |
What Am I Worth?
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 Loan Advisors. For example, consider the average annual salaries in these key locations:
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:
For Loan Advisor roles, the industry you choose can impact your earning potential by as much as 15% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 5% above the average. Conversely, Loan Advisor positions in Business Services typically offer lower base pay, as this sector often view Loan Advisor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Edu., Gov't. & Nonprofit | $48,947 | $24.0 | 5% |
| Financial Services | $48,947 | $24.0 | 5% |
Understanding how a Loan Advisor'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $50,155 | $4,180 | $965 | $24 |
| Average | $46,616 | $3,885 | $896 | $22 |
| 25th Percentile | $42,898 | $3,575 | $825 | $21 |
Ready to take the next step in your career? Browse thousands of current Loan Advisor job openings on our job board. Use the search bar below to find your perfect match.
Zillow
EAST IRVINE, CA
Zillow | EAST IRVINE, CA
Zillow is seeking a Mortgage Loan Officer to guide homebuyers through financing solutions in our digital real estate marketplace. You will manage a pipelin... more
7 Days Ago
Zillow
ELKINS PARK, PA
Zillow | ELKINS PARK, PA
Zillow is seeking a Remote Mortgage Loan Officer to guide borrowers through the digital home financing process. You’ll manage inbound leads from Zillow’s m... more
7 Days Ago
Zillow
PLANO, TX
Zillow | PLANO, TX
Zillow is hiring a Mortgage Loan Officer to help customers finance their homes through a seamless, digital-first experience. You will guide borrowers from ... more
7 Days Ago
Zillow
SCHILLER PARK, IL
Zillow | SCHILLER PARK, IL
Zillow is seeking a Remote Mortgage Loan Officer to guide borrowers through the digital home financing process. You’ll manage inbound leads from Zillow’s m... more
9 Days Ago
Generations Home Loans
STOCKTON, CA
Generations Home Loans | STOCKTON, CA
Generations Home Loans in Seattle, WA is seeking a driven Mortgage Loan Officer to grow production and build a high-performing team. You’ll originate purch... more
15 Days Ago
Generations Home Loans
KETTLEMAN, CA
Generations Home Loans | KETTLEMAN, CA
Generations Home Loans in Seattle seeks a Mortgage Loan Originator to guide borrowers through home purchase and refinance loans. In this client-focused rol... more
15 Days Ago
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