Reverse Mortgage Loan Officer Salaries in Afton, MN
How Much Does a Reverse Mortgage Loan Officer Make in Afton, MN?
Updated April 24, 2024
Filter
SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Individually reported data submitted by users of our website
Normal Confidence
$51,146/yr
Average Base Pay
Low $42,906
Average $51,146
High $59,387
The average salary for Reverse Mortgage Loan Officer is $51,146 per year in Afton, MN.
Related Job Titles to Reverse Mortgage Loan Officer
Similar Job Salaries to Reverse Mortgage Loan Officer by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
First International Bank & Trust
Mortgage Loan Officer
|
$91,229/yr
|
RANGE: $74,074 - $108,384
|
|
SWBC Mortgage
Mortgage Loan Officer
|
$75,202/yr
|
RANGE: $60,434 - $89,970
|
|
Edge Home Finance Corporation
Mortgage Loan Officer
|
$108,332/yr
|
RANGE: $90,588 - $126,076
|
|
SWBC Mortgage
Mortgage Team Assistant and Loan Officer Apprentice
|
$84,641/yr
|
RANGE: $70,461 - $98,820
|
|
Mutual of Omaha Mortgage
Reverse Mortgage Originator Development Program
|
$83,137/yr
|
RANGE: $68,566 - $97,707
|
What Does a Reverse Mortgage Loan Officer Do?
A reverse mortgage is the only way to access home equity without selling the home for seniors who either don’t want the responsibility of making a monthly loan payment or can’t qualify for a home equity loan or refinance because of limited cash flow or poor credit.
Updated October 20, 2021
Even when a reverse mortgage is issued by the most reputable of lenders, it’s still a complicated product.
Updated December 22, 2021
While reverse mortgages don’t have income or credit score requirements, they still have rules about who qualifies.
Updated December 21, 2021
If the reverse mortgage comes due as a result of residing outside of the home, even involuntarily because of medical needs, you may not have the funds to pay off the reverse mortgage and may lose your home.
Updated December 12, 2021
In any case, you will typically need at least 50% equity—based on your home’s current value, not what you paid for it—to qualify for a reverse mortgage.
Updated December 06, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Reverse Mortgage Loan Officer Salaries
What is the average of a Reverse Mortgage Loan Officer in Afton, MN?
The Reverse Mortgage Loan Officer salary range is from $42,906 to $59,387, and the average Reverse Mortgage Loan Officer salary is $51,146/year in Afton, MN.
The Reverse Mortgage Loan Officer's salary will change in different locations.
Which location pays the highest Reverse Mortgage Loan Officer salary in the United States?
The Reverse Mortgage Loan Officer salary in San Jose, CA is $60,958
which is the highest in the US.
What kinds of reasons will influence the Reverse 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 Reverse Mortgage Loan Officer.
What is the growth rate of the Reverse Mortgage Loan Officer's salary?
If you are thinking of becoming a Reverse Mortgage Loan Officer or planning the next step in your career, find the detailed salary report of a Reverse Mortgage Loan Officer.
