As of March 01, 2025, the average annual salary for a Mortgage Banker in Newport News, VA is $118,974. Salary.com reports that pay typically ranges from $111,403 to $127,207, with most professionals earning between $104,509 and $134,704.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Mortgage Banker Salary | $104,509 | Newport News,VA | March 01, 2025 |
| 25th Percentile Mortgage Banker Salary | $111,403 | Newport News,VA | March 01, 2025 |
| 50th Percentile Mortgage Banker Salary | $118,974 | Newport News,VA | March 01, 2025 |
| 75th Percentile Mortgage Banker Salary | $127,207 | Newport News,VA | March 01, 2025 |
| 90th Percentile Mortgage Banker Salary | $134,704 | Newport News,VA | March 01, 2025 |
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
See user submitted job responsibilities for Mortgage Banker.
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Core compensation
Includes base and annual incentives
About Newport News, Virginia Newport News is located at 37°4′15″N 76°29′4″W / 37.07083°N 76.48444°W / 37.07083; -76.48444 (37.071046, −76.484557). According to the United State....More
Newport News, Virginia area prices were up 1.2% from a year ago
Mortgage Banker Salary in popular cities: Virginia Beach, Norfolk, Chesapeake
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
