Loan Associate Salaries in Michigan
How Much Does a Loan Associate Make in Michigan?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Associate in Michigan is $42,761.
While Salary.com is seeing that Loan Associate salary in MI can go up to $51,669
or down to $33,042, but most earn between $37,674 and $47,424.
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
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Similar Job Salaries to Loan Associate by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Prolific Mortgage
Loan Associate
|
$57,896/yr
|
RANGE: $52,199 - $63,593
|
|
Perry Johnson Mortgage Company
Mortgage Associate Loan Officer
|
$76,890/yr
|
RANGE: $68,592 - $85,188
|
|
American Jewelry and Loan
Sales and Loan Associate / Manager Trainee
|
$71,132/yr
|
RANGE: $63,467 - $78,798
|
|
First International Bank & Trust
Loan Associate
|
$56,398/yr
|
RANGE: $50,848 - $61,948
|
|
J&M Business Capital
Loan Associate
|
$54,753/yr
|
RANGE: $49,244 - $60,262
|
|
HOME ADVANTAGE LENDING LLC
Loan Officer
|
$77,300/yr
|
RANGE: $69,464 - $85,136
|
|
Jobot
Loan Officer
|
$79,783/yr
|
RANGE: $72,973 - $86,594
|
|
Newrez LLC
Loan Officer
|
$96,542/yr
|
RANGE: $85,555 - $107,530
|
|
USA Mortgage Plan
Loan Officer
|
$63,525/yr
|
RANGE: $57,537 - $69,513
|
|
GreenStone Farm Credit Services
Loan Processor
|
$54,332/yr
|
RANGE: $48,863 - $59,801
|
Top 10 Highest Paying Cities For Loan Associate 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 Associate 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 Associate job salaries in Michigan.
Some cities can pay higher salaries for Loan Associate jobs, which can indicate that there is a large demand for Loan Associate positions in this city.
The following table shows top 10 cities where the Loan Associate salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Associate salary is $44,451 in Ann Arbor,
which is higher than the national average. There are 18 cities' Loan Associate salary higher than national average in Michigan.
The average salary for a Loan Associate in Michigan is $42,761,
but we found that the city with the highest salary for Loan Associate jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Associate 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 | $44,451 | $3,704 | $855 | $21 |
| Canton | $44,364 | $3,697 | $853 | $21 |
| Novi | $44,234 | $3,686 | $851 | $21 |
| Westland | $43,888 | $3,657 | $844 | $21 |
| West Bloomfield | $43,715 | $3,643 | $841 | $21 |
| Detroit | $43,671 | $3,639 | $840 | $21 |
| Warren | $43,671 | $3,639 | $840 | $21 |
| Dearborn | $43,671 | $3,639 | $840 | $21 |
| Waterford | $43,671 | $3,639 | $840 | $21 |
| Dearborn Heights | $43,628 | $3,636 | $839 | $21 |
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
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Explore JobArchitectFrequently Asked Questions About a Loan Associate Salaries
What is the average of a Loan Associate in Michigan?
The Loan Associate salary range is from $37,674 to $47,424, and the average Loan Associate salary is $42,761/year in Michigan.
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 $54,372
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.
