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As of August 01, 2026, the average salary for a Lending Assistant in Michigan is $53,550 per year, which breaks down to an hourly rate of $26.
However, a Lending Assistant's salary can vary significantly. Here’s a look at the typical salary range:
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Lending Assistant Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $61,708 | $5,142 | $1,187 | $30 |
| Average | $53,550 | $4,463 | $1,030 | $26 |
| 25th Percentile | $46,869 | $3,906 | $901 | $23 |
Total Community Credit Union - Taylor, MI
Doeren Mayhew - Troy, MI
Confidential - Detroit, MI
Northpointe Bank - Grand Rapids, MI
A Lending Assistant'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.
Experience is a primary driver of a Lending Assistant's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Lending A... Level Lending Assistant | $52,950 |
| Lending O... Level Lending Assistant | $74,129 |
| Lending O... Level Lending Assistant | $95,408 |
| Vice Pres... Level Lending Assistant | $183,167 |
| SVP of Le... Level Lending Assistant | $215,331 |
What Am I Worth?
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 Lending Assistants. 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 Lending Assistant roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Business Services, offers compensation 20% above the average. Conversely, Lending Assistant positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Lending Assistant as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Business Services | $64,260 | $31.0 | 20% |
Understanding how a Lending Assistant'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 | $61,708 | $5,142 | $1,187 | $30 |
| Average | $53,550 | $4,463 | $1,030 | $26 |
| 25th Percentile | $46,869 | $3,906 | $901 | $23 |
Ready to take the next step in your career? Browse thousands of current Lending Assistant job openings on our job board. Use the search bar below to find your perfect match.
Confidential
Grand Rapids, MI
Confidential | Grand Rapids, MI
Chief Lending Officer (CLO). About the Company. Respected community bank. Industry. Banking. Type. Privately Held. About the Role. The Company is in search... more
10 Days Ago
FreeStar Financial Credit Union
Sterling Heights, MI
FreeStar Financial Credit Union | Sterling Heights, MI
Commercial Lending Sales. FreeStar Financial Credit Union is looking for an enterprising and dynamic individual for Commercial Lending Sales. If you would ... more
10 Days Ago
Adventure Credit Union
Grand Rapids, MI
Adventure Credit Union | Grand Rapids, MI
Job Description. Job Description. Description. Adventure Credit Union is looking for a strategic leader who believes lending is about more than loan growth... more
10 Days Ago
Zeal Credit Union
Livonia, MI
Zeal Credit Union | Livonia, MI
Job Description. Job Description. Join Zeal Credit Union as the Vice President of Lending and elevate your career to a new level. This is an onsite role lo... more
10 Days Ago
JPMorgan Chase
Saint Joseph, MI
JPMorgan Chase | Saint Joseph, MI
Senior Home Lending Advisor. Join our fun, high-energy team as a Senior Home Lending Advisor in Chase Home Lending and put your exceptional knowledge and u... more
6 Days Ago
JPMorgan Chase
Northville, MI
JPMorgan Chase | Northville, MI
Senior Home Lending Advisor. Join our fun, high-energy team as a Senior Home Lending Advisor in Chase Home Lending and put your exceptional knowledge and u... more
7 Days Ago
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