Loan Closing Specialist Salaries in Minnesota
How Much Does a Loan Closing Specialist Make in Minnesota?
Updated May 01, 2025
As of May 01, 2025,
the average annual pay of Loan Closing Specialist in Minnesota is $59,064.
While Salary.com is seeing that Loan Closing Specialist salary in MN can go up to $72,739
or down to $44,545, but most earn between $51,464 and $66,222.
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 Closing Specialist
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Similar Job Salaries to Loan Closing Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Magnifi Financial Credit Union
SBA Loan Closing Document Specialist
|
$143,304/yr
|
RANGE: $106,161 - $180,447
|
|
Bridgewater Bank
Loan Closing Coordinator
|
$69,687/yr
|
RANGE: $61,612 - $77,762
|
|
Bridgewater Bank
Loan Closing Coordination Lead
|
$76,664/yr
|
RANGE: $65,056 - $88,273
|
|
Alabama Farm Credit FLCA
Loan Documentation Specialist (Closing)
|
$62,101/yr
|
RANGE: $53,202 - $71,001
|
|
Centra Credit Union
Mortgage Loan Closing Specialist
|
$66,309/yr
|
RANGE: $58,625 - $73,993
|
|
Farm Credit Northwest Florida
Loan Processing & Closing Specialist
|
$57,315/yr
|
RANGE: $49,073 - $65,557
|
|
WELLS FARGO BANK
Commercial Loan Closing Specialist
|
$111,722/yr
|
RANGE: $91,691 - $131,753
|
|
Wells Fargo
Small Business Loan Closing Specialist
|
$87,082/yr
|
RANGE: $70,266 - $103,898
|
|
B10 Wells Fargo Bank, N. A.
Small Business Loan Closing Specialist
|
$105,473/yr
|
RANGE: $86,040 - $124,907
|
Top 10 Highest Paying Cities For Loan Closing Specialist Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Closing 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 Loan Closing Specialist job salaries in Minnesota.
Some cities can pay higher salaries for Loan Closing Specialist jobs, which can indicate that there is a large demand for Loan Closing Specialist positions in this city.
The following table shows top 10 cities where the Loan Closing Specialist salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Loan Closing Specialist salary is $60,409 in Minneapolis,
which is higher than the national average. There are 7 cities' Loan Closing Specialist salary higher than national average in Minnesota.
The average salary for a Loan Closing Specialist in Minnesota is $59,064,
but we found that the city with the highest salary for Loan Closing Specialist jobs is Minneapolis, MN, and it is higher than Saint Paul.
Loan Closing Specialist jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $60,409 | $5,034 | $1,162 | $29 |
| Saint Paul | $60,409 | $5,034 | $1,162 | $29 |
| Minnetonka | $60,409 | $5,034 | $1,162 | $29 |
| Eden Prairie | $60,305 | $5,025 | $1,160 | $29 |
| Burnsville | $60,235 | $5,020 | $1,158 | $29 |
| Lakeville | $60,028 | $5,002 | $1,154 | $29 |
| Rochester | $57,863 | $4,822 | $1,113 | $28 |
| Saint Cloud | $56,940 | $4,745 | $1,095 | $27 |
| Duluth | $55,364 | $4,614 | $1,065 | $27 |
What Does a Loan Closing Specialist Do?
Loan officers work with a lending institution and their borrowers to provide consultation, application, underwriting, approval, and deal-closing services on loans.
Updated December 14, 2021
Next you must earn experience in the field, likely through an internship or apprenticeship, as most employers require 1 to 3 years of experience from their post closing specialists.
Updated December 10, 2021
A detailed breakdown of your estimated loan-related closing costs, such as origination charges, appraisal fees, title insurance and more.
Updated December 10, 2021
Most importantly, we explain what to avoid and what to do if a mortgage loan is denied at closing or before.
Updated December 07, 2021
Using the Loan Estimate as a launching point, borrowers should talk with their VA loan specialist and real estate agent about the best closing cost approach.
Updated November 28, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Closing Specialist Salaries
What is the average of a Loan Closing Specialist in Minnesota?
The Loan Closing Specialist salary range is from $51,464 to $66,222, and the average Loan Closing Specialist salary is $59,064/year in Minnesota.
The Loan Closing Specialist's salary will change in different locations.
Which location pays the highest Loan Closing Specialist salary in the United States?
The Loan Closing Specialist salary in Santa Clara, CA is $72,801
which is the highest in the US.
What kinds of reasons will influence the Loan Closing 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 Loan Closing Specialist.
What is the growth rate of the Loan Closing Specialist's salary?
If you are thinking of becoming a Loan Closing Specialist or planning the next step in your career, find the detailed salary report of a Loan Closing Specialist.
