How Much Does a Residential Mortgage Loan Officer Make?

Updated March 26, 2024

Individually reported data submitted by users of our website

Normal Confidence
$48,448/yr
Average Base Pay
Low $40,639
Average $48,448
High $56,252
The average salary for Residential Mortgage Loan Officer is $48,448 per year in the United States.

Related Job Titles to Residential Mortgage Loan Officer

Residential Mortgage Officer I
$49,000
US
Per Year
Residential Mortgage Officer II
$65,360
US
Per Year
Residential Mortgage Officer III
$95,300
US
Per Year
Mortgage Loan Officer I
$48,991
US
Per Year

Similar Job Salaries to Residential Mortgage Loan Officer by Company

FIND A SPECIFIC EMPLOYER
Loading results...
Company average base salary in (usd) range
Unity Bank
Residential Mortgage Loan Officer
$102,446/yr
$81,883
$123,010
RANGE: $81,883 - $123,010
ACNB BANK
Residential Mortgage Loan Originator
$79,102/yr
$64,387
$93,816
RANGE: $64,387 - $93,816
Amboy Bank
Residential Mortgage Loan Originator
$90,277/yr
$74,990
$105,564
RANGE: $74,990 - $105,564
AmeriCU Credit Union
Mortgage Loan Officer (Mortgage Sales)
$68,362/yr
$54,935
$81,788
RANGE: $54,935 - $81,788
SunnyHill Financial Inc
Mortgage Loan Officer / Loan Originator
$92,064/yr
$74,939
$109,190
RANGE: $74,939 - $109,190
Michigan First
Mortgage Loan Officer
$72,179/yr
$58,003
$86,356
RANGE: $58,003 - $86,356
Mutual of Omaha Mortgage
Mortgage Loan Officer
$63,403/yr
$50,234
$76,571
RANGE: $50,234 - $76,571
Clark County Credit Union
Mortgage Loan Officer
$86,273/yr
$70,048
$102,498
RANGE: $70,048 - $102,498

What Does a Residential Mortgage Loan Officer Do?

If you are the kind of person who is always learning something new, you may want to become a mortgage loan originator.
Updated December 21, 2021
The result? Fast processing of residential mortgage applications, and a better overall experience for you! We offer conventional purchase and refinance home loans, as well as VA, FHA, USDA-RD and many state sponsored loan programs.
Updated December 20, 2021
This offer does not apply to new purchase loans submitted to Rocket Mortgage through a mortgage broker.
Updated December 19, 2021
When you apply for a mortgage, lenders are required to provide a loan estimate, listing all the costs and terms, which you can then use to compare offers side by side.
Updated December 17, 2021
If you're shopping for a mortgage you will eventually find yourself dealing with a loan officer or mortgage broker, and perhaps both.
Updated December 17, 2021

Frequently Asked Questions About a Residential Mortgage Loan Officer Salaries

What is the average of a Residential Mortgage Loan Officer in the United States?

The Residential Mortgage Loan Officer salary range is from $40,639 to $56,252, and the average Residential Mortgage Loan Officer salary is $48,448/year in the United States. The Residential Mortgage Loan Officer's salary will change in different locations.

Which location pays the highest Residential Mortgage Loan Officer salary in the United States?

The Residential Mortgage Loan Officer salary in San Jose, CA is $60,803 which is the highest in the US.

What kinds of reasons will influence the Residential Mortgage 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 Residential Mortgage Loan Officer.

What is the growth rate of the Residential Mortgage Loan Officer's salary?

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

Recent Salary Report

Below are the most recent Residential Mortgage Loan Officer salary reports. Employer name has been removed to protect anonymity.

$58,130 Yearly
A Residential Mortgage Loan Officer in San Francisco, CA reported making $58,130 per year
San Francisco, CA
6 - 1,000 employees
Full-Time
Company - Private
$63,639 Yearly
A Residential Mortgage Loan Officer in New Iberia, LA reported making $63,639 per year
New Iberia, LA
100 - 200 employees
Full-Time
Company - Private
$26 Hourly
A Residential Mortgage Loan Officer in Minneapolis, MN reported making $26 per hour
Minneapolis, MN
3,000 - 7,6 employees
Part-Time
Company - Public
$17 Hourly
A Residential Mortgage Loan Officer in Butte, MT reported making $17 per hour
Butte, MT
7,6 - 15,000 employees
Part-Time
Company - Public
$42,700 Yearly
A Residential Mortgage Loan Officer in Logan, UT reported making $42,700 per year
Logan, UT
200 - 6 employees
Full-Time
Company - Private
$4,260 Monthly
A Residential Mortgage Loan Officer in Sacramento, CA reported making $4,260 per month
Sacramento, CA
1,000 - 3,000 employees
Full-Time
Company - Public