Mortgage Banker Salary in Montgomery, Alabama

Mortgage Banker Salary in Montgomery, AL

How much does a Mortgage Banker make in Montgomery, AL?

As of March 01, 2025, the average annual salary for a Mortgage Banker in Montgomery, AL is $111,561. Salary.com reports that pay typically ranges from $104,462 to $119,282, with most professionals earning between $97,998 and $126,311.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $97,998 Montgomery,AL March 01, 2025
25th Percentile Mortgage Banker Salary $104,462 Montgomery,AL March 01, 2025
50th Percentile Mortgage Banker Salary $111,561 Montgomery,AL March 01, 2025
75th Percentile Mortgage Banker Salary $119,282 Montgomery,AL March 01, 2025
90th Percentile Mortgage Banker Salary $126,311 Montgomery,AL March 01, 2025
25% $104,462 10% $97,998 90% $126,311 75% $119,282 $111,561 50%(Median) Didn’t find job title? Click
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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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Average Base Salary

Core compensation

 
 
 
104462
119282
111561

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
107119
130406
117310
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Montgomery, AL. The base salary for Mortgage Banker ranges from $104,462 to $119,282 with the average base salary of $111,561. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $107,119 to $130,406 with the average total cash compensation of $117,310.

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104462
119282

 

About Montgomery, Alabama    Montgomery is the capital city of the U.S. state of Alabama and the county seat of Montgomery County. Named for Richard Montgomery, it stands beside t....More

Montgomery, Alabama  area prices were up 1.3% from a year ago

Mortgage Banker Salary in popular cities: Birmingham, Mobile, Huntsville

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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