How Much Does a Loan Associate Make in Chicago, IL?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Loan Associate in Chicago, IL is $44,768. While Salary.com is seeing that Loan Associate salary in Chicago, IL can go up to $54,094 or down to $34,592, but most earn between $39,441 and $49,650. 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 Associate
Loan Servicing Associate
$46,598
Chicago, IL
Per Year
Account Associate - Loan
$59,311
Chicago, IL
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Loan Support Associate
$49,931
Chicago, IL
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Associate Loan Officer
$76,970
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Similar Job Salaries to Loan Associate by Company

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Company average base salary in (usd) range
Lennar Mortgage
Loan Officer Associate
$75,190/yr
$67,236
$83,144
RANGE: $67,236 - $83,144
JPMorgan Chase
Loan Origination Associate I
$63,640/yr
$57,340
$69,941
RANGE: $57,340 - $69,941
OppFi
Associate, Loan Servicing Legal Operations
$66,173/yr
$59,937
$72,409
RANGE: $59,937 - $72,409
Alter Domus
Real Estate & Other Loan Services, Associate I
$135,580/yr
$119,997
$151,164
RANGE: $119,997 - $151,164
First Western
Loan Associate
$60,061/yr
$54,151
$65,971
RANGE: $54,151 - $65,971
$56,427/yr
$50,875
$61,979
RANGE: $50,875 - $61,979
RippleMatch
Alter Domus - Real Estate & Other Loan Services - Associate I, application via RippleMatch
$49,943/yr
$45,224
$54,662
RANGE: $45,224 - $54,662
Fay Financial
Loan Processor
$60,046/yr
$54,001
$66,090
RANGE: $54,001 - $66,090
Crown Mortgage Company
Loan Officer
$79,156/yr
$71,131
$87,180
RANGE: $71,131 - $87,180
$58,438/yr
$52,705
$64,170
RANGE: $52,705 - $64,170

Open Loan Associate Jobs in Chicago, IL

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What Does a Loan Associate Do?

If you are thinking of becoming a Loan Associate or planning the next step in your career, find details about.
Updated November 13, 2021
PORTLAND — Gwendolyn Hulit has joined Bangor Savings Bank as mortgage loan officer associate based in Portland.
Updated October 13, 2021
This is an entry level position designed to assist branch Loan Officers (LOs) while preparing the Loan Officer Associate (LOA) to grow into a Loan Officer position.
Updated October 10, 2021

Frequently Asked Questions About a Loan Associate Salaries

What is the average of a Loan Associate in Chicago, IL?

The Loan Associate salary range is from $39,441 to $49,650, and the average Loan Associate salary is $44,768/year in Chicago, IL. The Loan Associate's salary will change in different locations.

Which location pays the highest Loan Associate salary in the United States?

The Loan Associate salary in San Jose, CA is $54,641 which is the highest in the US.

What kinds of reasons will influence the Loan Associate'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 Associate.

What is the growth rate of the Loan Associate's salary?

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