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As of August 01, 2026, the average salary for a Mortgage Loan Consultant in New Mexico is $45,965 per year, which breaks down to an hourly rate of $22.
However, a Mortgage Loan Consultant's salary can vary significantly. Here’s a look at the typical salary range:
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Mortgage Loan Consultant Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $50,457 | $4,205 | $970 | $24 |
| Average | $45,965 | $3,830 | $884 | $22 |
| 25th Percentile | $39,776 | $3,315 | $765 | $19 |
Kirtland Federal Credit Union - Albuquerque, NM
Kirtland Federal Credit Union - Albuquerque, NM
Tag Team Nation, LLC - Roswell, NM
Reliance Savings Bank - ALTOONA, PA
A Mortgage Loan Consultant'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 Mortgage Loan Consultant'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 |
|---|---|
| Mortgage ... Level Mortgage Loan Consultant | $46,394 |
| Mortgage ... Level Mortgage Loan Consultant | $58,261 |
| Mortgage ... Level Mortgage Loan Consultant | $84,955 |
| Mortgage ... Level Mortgage Loan Consultant | $87,279 |
| Mortgage ... Level Mortgage Loan Consultant | $106,907 |
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 Mortgage Loan Consultants. 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 Mortgage Loan Consultant roles, the industry you choose can affect earning potential by as much as 35% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 20% above the average. In contrast, Mortgage Loan Consultant positions in Insurance or Business Services typically offer lower base pay, as these industries often view Mortgage Loan Consultant as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $55,158 | $27.0 | 20% |
| Edu., Gov't. & Nonprofit | $48,263 | $23.0 | 5% |
Understanding how a Mortgage Loan Consultant'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 | $50,457 | $4,205 | $970 | $24 |
| Average | $45,965 | $3,830 | $884 | $22 |
| 25th Percentile | $39,776 | $3,315 | $765 | $19 |
Ready to take the next step in your career? Browse thousands of current Mortgage Loan Consultant job openings on our job board. Use the search bar below to find your perfect match.
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