Loans Manager Salary in Grand Rapids, MI

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How much does a Loans Manager make in Grand Rapids, MI?

As of April 01, 2025, the average annual salary for a Loans Manager in Grand Rapids, MI is $169,857. Salary.com reports that pay typically ranges from $141,969 to $191,305, with most professionals earning between $116,579 and $210,832.

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Salary range for a Loans Manager
$141,969 to $191,305
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What is a Loans Manager?

The Loans Manager is responsible for overseeing the loan department of a financial institution, including managing a team of loan officers and ensuring that loan applications are processed efficiently and accurately. They are also responsible for developing and implementing loan policies and procedures, as well as ensuring compliance with all relevant regulations and guidelines. The Loans Manager is also involved in evaluating loan applications, making lending decisions, and monitoring the performance of the loan portfolio. Additionally, they may be responsible for developing and maintaining relationships with clients and promoting loan products and services to potential customers. Overall, the Loans Manager plays a crucial role in the success of the loan department and the overall financial institution.

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Loans Manager Salary By Experience Levels in Grand Rapids, MI

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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.

Loans Manager Salary By Level of Education in Grand Rapids, MI

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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 Loans Manager in Grand Rapids, MI

Average Base Salary

Core compensation

 
 
 
141969
191305
169857

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
156371
237155
193529
What is the average salary for Loans Manager in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Manager in Grand Rapids, MI. The base salary for Loans Manager ranges from $141,969 to $191,305 with the average base salary of $169,857. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $156,371 to $237,155 with the average total cash compensation of $193,529.

View Average Salary for Loans Manager as table

Average Salary Average Salary Range
Base Salary $169,857 $141,969 - $191,305
Bonus $23,673 $14,402 - $45,850
Total Pay $193,529 $156,371 - $237,155
* 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.

Loans Manager Salary Near Grand Rapids, MI

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Grand Rapids, MI
CITY, STATE Wyoming, MI AVERAGE SALARY RANGE $141,969 - $191,305 COMPARE TO Grand Rapids, MI 0%
CITY, STATE Muskegon, MI AVERAGE SALARY RANGE $137,767 - $185,642 COMPARE TO Grand Rapids, MI
CITY, STATE Kalamazoo, MI AVERAGE SALARY RANGE $143,736 - $193,686 COMPARE TO Grand Rapids, MI
CITY, STATE Battle Creek, MI AVERAGE SALARY RANGE $145,355 - $195,867 COMPARE TO Grand Rapids, MI
CITY, STATE Lansing, MI AVERAGE SALARY RANGE $143,736 - $193,686 COMPARE TO Grand Rapids, MI
CITY, STATE Benton Harbor, MI AVERAGE SALARY RANGE $143,365 - $193,186 COMPARE TO Grand Rapids, MI
See salaries for Loans Manager in locations close to Grand Rapids, MI. 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.

View Salary for Similar Jobs to Loans Manager in Grand Rapids, MI

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Underwriting Manager - Mortgage Loans LOCATION Grand Rapids, MI MINIMUM SALARY $85,900 MAXIMUM SALARY $120,800
JOB TITLE Processing Manager - Mortgage Loans LOCATION Grand Rapids, MI MINIMUM SALARY $83,600 MAXIMUM SALARY $112,700
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Grand Rapids, MI MINIMUM SALARY $41,200 MAXIMUM SALARY $55,900
JOB TITLE Specialist I - Mortgage Loans LOCATION Grand Rapids, MI MINIMUM SALARY $41,190 MAXIMUM SALARY $55,890
JOB TITLE Officer, Experienced - Mortgage Loans LOCATION Grand Rapids, MI MINIMUM SALARY $55,800 MAXIMUM SALARY $75,700
JOB TITLE Specialist II - Mortgage Loans LOCATION Grand Rapids, MI MINIMUM SALARY $55,790 MAXIMUM SALARY $75,690
The Loans Manager job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Grand Rapids, MI that might be a good fit for the type of job and salary you are looking for.

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141969
191305

 

About Grand Rapids, Michigan    Grand Rapids is the second-largest city in Michigan, and the largest city in West Michigan. It is on the Grand River about 30 miles (48 km) east of La....More

Grand Rapids, Michigan  area prices were up 1.3% from a year ago

Loans Manager Salary in popular cities: Detroit, Warren, Sterling Heights

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role