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As of August 01, 2026, the average salary for a Commercial Loan Closer in New Mexico is $41,772 per year, which breaks down to an hourly rate of $20.
However, a Commercial Loan Closer's salary can vary significantly. Hereâs a look at the typical salary range:
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Commercial Loan Closer Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $44,766 | $3,731 | $861 | $22 |
| Average | $41,772 | $3,481 | $803 | $20 |
| 25th Percentile | $38,744 | $3,229 | $745 | $19 |
United Business Bank - Albuquerque, NM
Progressive Roofing - CLINTON, MD
Upson Company - CALDWELL, ID
Reliance Savings Bank - ALTOONA, PA
A Commercial Loan Closer's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Commercial Loan Closers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Commercial Loan Closer roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Business Services, offers compensation 10% above the average. Conversely, Commercial Loan Closer positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Commercial Loan Closer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Business Services | $45,950 | $22.0 | 10% |
Understanding how a Commercial Loan Closer's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $44,766 | $3,731 | $861 | $22 |
| Average | $41,772 | $3,481 | $803 | $20 |
| 25th Percentile | $38,744 | $3,229 | $745 | $19 |
Ready to take the next step in your career? Browse thousands of current Commercial Loan Closer job openings on our job board. Use the search bar below to find your perfect match.
Progressive Roofing
PHOENIX, AZ
Progressive Roofing | PHOENIX, AZ
Commercial Roofer We are growing and looking for the best of the best roofing professionals. Are you looking for year round work and growth opportunity. If... more
2 Days Ago
Progressive Roofing
TUCSON, AZ
Progressive Roofing | TUCSON, AZ
Commercial Roofer We are growing and looking for the best of the best roofing professionals. Are you looking for year round work and growth opportunity. If... more
2 Days Ago
Community Financial Services Bank
BENTON, KY
Community Financial Services Bank | BENTON, KY
Loan Workout Specialist (Part-Time) Job Category: General Requisition Number: LOANW001287 Posted: August 6, 2026 Part-Time Benton, KY 42025, USA The purpos... more
3 Days Ago
Reliance Savings Bank
ALTOONA, PA
Reliance Savings Bank | ALTOONA, PA
Build Your Banking Career with Reliance Bank Reliance Bank is seeking a detail-oriented and customer-focused Retail Loan Operations Specialist I to join ou... more
7 Days Ago
Home Genius Exteriors
BERKELEY SPRINGS, WV
Home Genius Exteriors | BERKELEY SPRINGS, WV
Sales Representative (2â5 Years Experience Required) $100Kâ$300K | Pre-Qualified Appointments | Fast Track to Leadership Home Genius Exteriors grew from $2... more
2 Days Ago
Home Genius Exteriors
MARTINSBURG, PA
Home Genius Exteriors | MARTINSBURG, PA
Sales Representative (2â5 Years Experience Required) $100Kâ$300K | Pre-Qualified Appointments | Fast Track to Leadership Home Genius Exteriors grew from $2... more
2 Days Ago
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