Home Loan Officer Salary in Lowell, Massachusetts

What is the salary range of Home Loan Officer?

As of December 01, 2024, the average annual pay of Home Loan Officer in Lowell, MA is $98,279. While Salary.com is seeing that Home Loan Officer salary in Lowell, MA can go up to $133,905 or down to $69,452, but most earn between $83,190 and $116,927. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Home Loan Officer in the United States.

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Salary range for a Home Loan Officer

$83,190 to $116,927

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Home Loan Officer

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Job Openings for Home Loan Officer in Lowell, MA

What does a Home Loan Officer do?

Common responsibilities of a Home Loan Officer

Obtain necessary information related to outstanding conditions on loan files.

December 26, 2022

Evaluate applicant's eligibility for other types of credit union loans, products, services, and cross sell and/or refer to the appropriate department.

January 05, 2023

Attend, as required, internal training sessions, internal sales meetings, and external training opportunities as assigned by supervisor.

January 06, 2023

Demonstrated ability to analyze a customer's particular financial and housing situation and make appropriate recommendations for mortgage and other financial products based on that analysis.

February 15, 2023

Develops and executes a business development and marketing plan based on monthly and quarterly production standards under the guidance of assigned mentor or Branch Manager.

March 27, 2023

Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.

March 28, 2023

Requires a bachelor's degree in business, finance, or equivalent work experience.

April 21, 2023

Manage pipeline, work load, and stay in touch with all parties involved in transaction.

May 07, 2023

Review all Bulletins as they come out to be aware of industry, Investor and company requirements.

May 17, 2023

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Home Loan Officer Salary By Experience Levels in Lowell, MA

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Home Loan Officer Salary By Level of Education in Lowell, MA

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Home Loan Officer in Lowell, MA

Average Base Salary

Core compensation

83190

116927

98279

Average Total Cash Compensation

Includes base and annual incentives

89850

141360

111835

What is the average salary for Home Loan Officer in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Home Loan Officer in Lowell, MA. The base salary for Home Loan Officer ranges from $83,190 to $116,927 with the average base salary of $98,279. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $89,850 to $141,360 with the average total cash compensation of $111,835.

View Average Salary for Home Loan Officer as table

	Average Salary	Average Salary Range
Base Salary	$98,279	$83,190 - $116,927
Bonus	$13,556	$6,660 - $24,433
Total Pay	$111,835	$89,850 - $141,360

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Home Loan Officer Salary Near Lowell, MA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Lowell, MA
CITY, STATE Medford, MA	AVERAGE SALARY RANGE $85,912 - $120,753	COMPARE TO Lowell, MA
CITY, STATE Methuen, MA	AVERAGE SALARY RANGE $81,436 - $114,462	COMPARE TO Lowell, MA
CITY, STATE Lawrence, MA	AVERAGE SALARY RANGE $81,436 - $114,462	COMPARE TO Lowell, MA
CITY, STATE Newton, MA	AVERAGE SALARY RANGE $85,912 - $120,753	COMPARE TO Lowell, MA
CITY, STATE Nashua, NH	AVERAGE SALARY RANGE $82,656 - $116,177	COMPARE TO Lowell, MA
CITY, STATE Salem, NH	AVERAGE SALARY RANGE $81,436 - $114,462	COMPARE TO Lowell, MA

See salaries for Home Loan Officer in locations close to Lowell, MA. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Lowell, Massachusetts

Lowell is a city in the U.S. Commonwealth of Massachusetts. Located in Middlesex County, Lowell (along with Cambridge) was a county seat until Massachusetts disbanded county government in 1999. With an estimated population of 109,945 in 2014, it is the fourth-largest city in Massachusetts, and the second-largest in the Boston metropolitan statistical area. The city is also part of a smaller Massachusetts statistical area called Greater Lowell, as well as New England's Merrimack Valley region. Incorporated in 1826 to serve as a mill town, Lowell was named after Francis Cabot Lowell, a local fi...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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