As of September 01, 2026, the average annual salary for Mortgage Banker in California is $134,818, equivalent to $65 per hour, $2,593 weekly, or $11,235 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Mortgage Banker in cities like San Jose, Santa Clara, and San Francisco.

Annually Salaries for Mortgage Banker in California vary widely, spanning from $116,557 to $159,871. Most professionals fall between the 25th percentile ($125,259) and 75th percentile ($147,932), while top earners (90th percentile) make $159,871 per year. This $22,673 pay gap underscores opportunities for salary growth through certifications, specialized skills like Customer Service or Loan Processing, or targeting high-paying regions like District of Columbia or California.

Location and experience significantly influence earnings. For example, California Mortgage Banker often earn 10.3% higher than national averages due to demand from Fortune 42 companies. However, California currently ranks 2 nationwide for Mortgage Banker job salary. Professionals are advised to focus on high-growth sectors like Edu., Gov't. & Nonprofit to offset market challenges.

Based on HR-reported data: a national average with a geographic differential
Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $116,557 CA September 01, 2026
25th Percentile Mortgage Banker Salary $125,259 CA September 01, 2026
50th Percentile Mortgage Banker Salary $134,818 CA September 01, 2026
75th Percentile Mortgage Banker Salary $147,932 CA September 01, 2026
90th Percentile Mortgage Banker Salary $159,871 CA September 01, 2026
25% $125,259 10% $116,557 90% $159,871 75% $147,932 $134,818 50%(Median) Didn’t find job title? Click
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Check out Mortgage Banker jobs in California

Licensed Loan Partner - Mortgage Banker

Premier Lending, Inc - Santa Rosa, CA

Bilingual Mortgage Loan Officer Assistant

US Mortgage Corporation - ATLANTA, GA

Mortgage Loan Originator

Generations Home Loans - STOCKTON, CA

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What is a Mortgage Banker ?

Mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital. Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor, which are typically large institutions. The credit risk is typically absorbed by the Agencies, which include Fannie Mae, or ...

Source: Wikipedia (as of 04/25/2019). Read more from Wikipedia

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Location Avg. Salary Date Updated
Location Coachella, CA Avg. Salary $144,096 Date Updated September 01, 2026
Location Acampo, CA Avg. Salary $153,191 Date Updated September 01, 2026
Location Acton, CA Avg. Salary $153,594 Date Updated September 01, 2026
Location Adelanto, CA Avg. Salary $148,745 Date Updated September 01, 2026
Location Adin, CA Avg. Salary $145,328 Date Updated September 01, 2026
Location Agoura Hills, CA Avg. Salary $153,204 Date Updated September 01, 2026
Location Aguanga, CA Avg. Salary $147,528 Date Updated September 01, 2026
Location Ahwahnee, CA Avg. Salary $144,463 Date Updated September 01, 2026
Location Alameda, CA Avg. Salary $174,483 Date Updated September 01, 2026
Location Alamo, CA Avg. Salary $169,676 Date Updated September 01, 2026
Job Openings for Mortgage Banker in California

Jobs with a similar salary range to Mortgage Banker : Closing Team Lead, Mortgage Production Manager, Mortgage Account Manager