Mortgage Banker Salary in Phoenix, Arizona

Mortgage Banker Salary in Phoenix, AZ

How much does a Mortgage Banker make in Phoenix, AZ?

As of April 01, 2025, the average annual salary for a Mortgage Banker in Phoenix, AZ is $114,969. Salary.com reports that pay typically ranges from $105,095 to $124,358, with most professionals earning between $96,106 and $132,906.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $96,106 Phoenix,AZ April 01, 2025
25th Percentile Mortgage Banker Salary $105,095 Phoenix,AZ April 01, 2025
50th Percentile Mortgage Banker Salary $114,969 Phoenix,AZ April 01, 2025
75th Percentile Mortgage Banker Salary $124,358 Phoenix,AZ April 01, 2025
90th Percentile Mortgage Banker Salary $132,906 Phoenix,AZ April 01, 2025
25% $105,095 10% $96,106 90% $132,906 75% $124,358 $114,969 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

 
 
 
105095
124358
114969

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
105095
124358
114969
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Phoenix, AZ. The base salary for Mortgage Banker ranges from $105,095 to $124,358 with the average base salary of $114,969. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $105,095 to $124,358 with the average total cash compensation of $114,969.

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105095
124358

 

About Phoenix, Arizona    Phoenix is in the southwestern United States, in the south-central portion of Arizona; about halfway between Tucson to the southeast and Flagstaff to ....More

Phoenix, Arizona  area prices were up 2.2% from a year ago

Mortgage Banker Salary in popular cities: Tucson, Mesa, Chandler

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