Refinance Loan Officer Salaries in New Mexico
How Much Does a Refinance Loan Officer Make in New Mexico?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Refinance Loan Officer in New Mexico is $45,527.
While Salary.com is seeing that Refinance Loan Officer salary in NM can go up to $58,240
or down to $28,582, but most earn between $36,657 and $52,181.
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 Refinance Loan Officer
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Similar Job Salaries to Refinance Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
American Financing
Mortgage Loan Processor - Refinance
|
$72,987/yr
|
RANGE: $61,594 - $84,380
|
|
Caliver Beach Mortgage
Loan Officer
|
$87,114/yr
|
RANGE: $69,440 - $104,788
|
|
MRINetwork Jobs
Commercial Loan Officer
|
$95,685/yr
|
RANGE: $80,018 - $111,352
|
|
First National Bank
Commercial Loan Officer
|
$108,914/yr
|
RANGE: $89,086 - $128,741
|
|
Sandia Laboratory Federal Credit Union
Mortgage Loan Officer
|
$86,903/yr
|
RANGE: $68,656 - $105,150
|
|
Guadalupe Credit Union
Consumer Loan Officer - Bilingual
|
$67,292/yr
|
RANGE: $58,289 - $76,294
|
|
Caliver Beach Mortgage
Santa Fe Regional Loan Officer
|
$93,020/yr
|
RANGE: $74,148 - $111,892
|
|
Sunward Federal Credit Union
Consumer Direct Loan Officer 1
|
$66,935/yr
|
RANGE: $57,981 - $75,890
|
|
Sunward
Consumer Direct Loan Officer 1
|
$66,935/yr
|
RANGE: $57,981 - $75,890
|
Top 10 Highest Paying Cities For Refinance Loan Officer Jobs in New Mexico
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Refinance Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Refinance Loan Officer job salaries in New Mexico.
Some cities can pay higher salaries for Refinance Loan Officer jobs, which can indicate that there is a large demand for Refinance Loan Officer positions in this city.
The following table shows top 10 cities where the Refinance Loan Officer salary is higher than other cities in New Mexico.
Santa Fe takes first place in this list, followed by Albuquerque, Rio Rancho.
The Refinance Loan Officer salary is $46,663 in Santa Fe,
which is lower than the national average. There is 0 city's Refinance Loan Officer salary higher than national average in New Mexico.
The average salary for a Refinance Loan Officer in New Mexico is $45,527,
but we found that the city with the highest salary for Refinance Loan Officer jobs is Santa Fe, NM, and it is higher than Albuquerque.
Refinance Loan Officer jobs in Santa Fe can have the opportunity to earn higher salaries than in other cities in New Mexico.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Santa Fe | $46,663 | $3,889 | $897 | $22 |
| Albuquerque | $46,416 | $3,868 | $893 | $22 |
| Rio Rancho | $46,268 | $3,856 | $890 | $22 |
| Farmington | $45,823 | $3,819 | $881 | $22 |
| Clovis | $44,095 | $3,675 | $848 | $21 |
| Alamogordo | $44,046 | $3,670 | $847 | $21 |
| Hobbs | $43,700 | $3,642 | $840 | $21 |
| Roswell | $43,305 | $3,609 | $833 | $21 |
| Sunland Park | $43,009 | $3,584 | $827 | $21 |
| Las Cruces | $42,762 | $3,563 | $822 | $21 |
What Does a Refinance Loan Officer Do?
These include certifications or licenses that an individual loan officer must have and licenses that must be maintained by the institution funding the loan.
Updated December 22, 2021
FHA refinance loans and the FHA streamline refinance allow borrowers to reduce the interest rate on their current mortgages.
Updated December 21, 2021
So if your loan is less than 2 years old, you can request that your PMI be removed with a new refinance but you’re not guaranteed to get approval.
Updated December 21, 2021
Because it behooves loan officers to sell as many mortgages as possible, some may be tempted to steer you into an ARM with the idea of persuading you to.
Updated December 20, 2021
Many homeowners refinance their FHA loan to a conventional loan after they achieve 20% equity for this same reason.
Updated December 20, 2021
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Explore JobArchitectFrequently Asked Questions About a Refinance Loan Officer Salaries
What is the average of a Refinance Loan Officer in New Mexico?
The Refinance Loan Officer salary range is from $36,657 to $52,181, and the average Refinance Loan Officer salary is $45,527/year in New Mexico.
The Refinance Loan Officer's salary will change in different locations.
Which location pays the highest Refinance Loan Officer salary in the United States?
The Refinance Loan Officer salary in San Jose, CA is $61,970
which is the highest in the US.
What kinds of reasons will influence the Refinance Loan Officer'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 Refinance Loan Officer.
What is the growth rate of the Refinance Loan Officer's salary?
If you are thinking of becoming a Refinance Loan Officer or planning the next step in your career, find the detailed salary report of a Refinance Loan Officer.
