How much does a Mortgage Banking make in the United States?
As of September 01, 2026, the average salary for a Mortgage Banking in the United States is $37,770 per year, which breaks down to an hourly rate of $18.
However, a Mortgage Banking's salary can vary significantly. Here’s a look at the typical salary range:
Top Earners (90th percentile): $42,346
Majority Range (25th-75th percentile): $34,016 to $40,166
Key Factors That Influence Mortgage Banking Salaries
A Mortgage Banking's salary isn't a fixed number. It's shaped by several important factors.
Below, we'll explore how geographic location, education
and company size
can directly affect your earning potential.
How Do Mortgage Banking Salaries Vary from State to State?
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 Mortgage Bankings. 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:
San Jose: $47,640
San Francisco: $47,118
Oakland: $46,125
San Jose, CA$47,640
San Francisco, CA$47,118
Oakland, CA$46,125
New York, NY$43,488
Paramus, NJ$42,960
Queens Village, NY$42,958
Passaic, NJ$42,922
Bergenfield, NJ$42,919
Stamford, CT$42,835
Huntington, NY$42,820
Newark, NJ$42,541
Bridgeport, CT$42,461
Vallejo, CA$42,386
New Brunswick, NJ$42,371
Petaluma, CA$42,348
Middlesex, NJ$42,276
Somerset, NJ$42,250
Santa Cruz, CA$42,201
Boston, MA$41,970
Monterey, CA$41,838
Seattle, WA$41,751
Santa Rosa, CA$41,744
Los Angeles, CA$41,733
Juneau, AK$41,634
Washington, DC$41,593
Orange, CA$41,458
Santa Ana, CA$41,359
Long Beach, CA$41,321
Anaheim, CA$41,313
Anchorage, AK$41,294
Santa Maria, CA$41,181
Everett, WA$41,174
Danbury, CT$41,041
Bremerton, WA$40,988
Tacoma, WA$40,852
New Suffolk, NY$40,852
Sacramento, CA$40,841
Santa Barbara, CA$40,800
Trenton, NJ$40,758
San Diego, CA$40,758
Brockton, MA$40,716
Fairbanks, AK$40,624
Lompoc, CA$40,528
Lowell, MA$40,497
Ventura, CA$40,490
Nashua, NH$40,482
Stockton, CA$40,479
Modesto, CA$40,203
Poughkeepsie, NY$40,120
Olympia, WA$40,048
Kennewick, WA$40,048
New Haven, CT$40,033
Lawrence, MA$39,897
Hartford, CT$39,859
Riverside, CA$39,852
New Bedford, MA$39,814
Richland, WA$39,814
Bakersfield, CA$39,761
San Bernardino, CA$39,746
New Britain, CT$39,742
Atlantic City, NJ$39,742
New London, CT$39,727
Norwich, CT$39,716
Portsmouth, NH$39,708
Boulder, CO$39,628
Portland, OR$39,576
Worcester, MA$39,572
Minneapolis, MN$39,455
Philadelphia, PA$39,402
Honolulu, HI$39,277
Saint Paul, MN$39,259
Vineland, NJ$39,251
Providence, RI$39,141
Chicago, IL$39,032
Bellingham, WA$38,987
Springfield, MA$38,956
Baltimore, MD$38,945
Chico, CA$38,851
Pittsfield, MA$38,749
Manchester, NH$38,677
Spokane, WA$38,511
Denver, CO$38,507
Albany, NY$38,329
Troy, NY$38,314
Nassau, NY$38,274
Schenectady, NY$38,235
Wilmington, DE$38,205
Burlington, VT$38,152
Salem, OR$38,137
Portland, ME$38,020
Yakima, WA$37,982
Rochester, MN$37,865
Reno, NV$37,846
Fresno, CA$37,846
Milwaukee, WI$37,812
Detroit, MI$37,774
Ann Arbor, MI$37,768
Allentown, PA$37,763
Colorado Springs, CO$37,699
Syracuse, NY$37,680
Carson City, NV$37,680
Houston, TX$37,627
Eugene, OR$37,608
Gary, IN$37,563
Springfield, OR$37,532
Bismarck, ND$37,525
Galveston, TX$37,498
Medford, OR$37,442
Fort Collins, CO$37,427
Concord, NH$37,408
Austin, TX$37,396
Mesa, AZ$37,317
Reading, PA$37,313
Phoenix, AZ$37,310
Dallas, TX$37,298
Saint Cloud, MN$37,262
Madison, WI$37,211
Utica, NY$37,109
Rochester, NY$37,049
Des Moines, IA$37,045
Raleigh, NC$37,041
Atlanta, GA$36,985
Battle Creek, MI$36,973
Salt Lake City, UT$36,962
Lancaster, PA$36,905
Harrisburg, PA$36,853
Kansas City, MO$36,815
Champaign, IL$36,807
Kansas City, KS$36,807
Fort Worth, TX$36,803
Columbus, OH$36,797
Boca Raton, FL$36,788
Pittsburgh, PA$36,773
Richmond, VA$36,758
Indianapolis, IN$36,751
Cleveland, OH$36,747
Las Vegas, NV$36,701
Cincinnati, OH$36,701
Petersburg, VA$36,645
Huntsville, AL$36,588
Lansing, MI$36,563
Lebanon, PA$36,558
Pueblo, CO$36,554
Appleton, WI$36,543
Buffalo, NY$36,528
Dayton, OH$36,516
Racine, WI$36,509
Charlotte, NC$36,505
Saint Louis, MO$36,494
York, PA$36,471
Elkhart, IN$36,471
Gastonia, NC$36,464
Billings, MT$36,455
Beaumont, TX$36,445
Lorain, OH$36,437
Benton Harbor, MI$36,430
Toledo, OH$36,422
Binghamton, NY$36,403
Rock Hill, SC$36,399
Rockford, IL$36,380
Springfield, IL$36,365
Elyria, OH$36,362
Fargo, ND$36,362
Flagstaff, AZ$36,335
Fort Lauderdale, FL$36,312
Duluth, MN$36,290
Miami, FL$36,290
Cheyenne, WY$36,263
Grand Forks, ND$36,263
Bangor, ME$36,180
Cedar Rapids, IA$36,139
Durham, NC$36,123
Louisville, KY$36,120
Grand Rapids, MI$36,112
Hialeah, FL$36,109
Casper, WY$36,056
Scranton, PA$36,010
New Orleans, LA$35,999
Virginia Beach, VA$35,995
Akron, OH$35,976
Peoria, IL$35,927
Sarasota, FL$35,920
Nashville, TN$35,893
Omaha, NE$35,893
Green Bay, WI$35,893
Baton Rouge, LA$35,874
Charleston, SC$35,867
Jamestown, NY$35,848
Davenport, IA$35,848
Tucson, AZ$35,829
Saint Petersburg, FL$35,806
Tampa, FL$35,799
Evansville, IN$35,776
Port Arthur, TX$35,776
Bradenton, FL$35,761
Santa Fe, NM$35,693
Orlando, FL$35,625
Clearwater, FL$35,614
Canton, OH$35,534
La Crosse, WI$35,534
Albuquerque, NM$35,512
Newport News, VA$35,508
High Point, NC$35,497
Ogden, UT$35,482
Corpus Christi, TX$35,451
Norfolk, VA$35,429
Laramie, WY$35,429
Rock Island, IL$35,406
Saginaw, MI$35,398
Jacksonville, FL$35,395
Salisbury, NC$35,387
Boise, ID$35,380
Moline, IL$35,361
Fort Myers, FL$35,349
Memphis, TN$35,342
Tulsa, OK$35,323
Waterloo, IA$35,300
Spartanburg, SC$35,262
Lincoln, NE$35,244
Fort Wayne, IN$35,236
Provo, UT$35,232
Cedar Falls, IA$35,187
San Antonio, TX$35,172
Greensboro, NC$35,157
South Bend, IN$35,153
Savannah, GA$35,111
Muskegon, MI$35,096
Birmingham, AL$35,092
Winston Salem, NC$35,074
Lake Charles, LA$34,983
Anderson, IN$34,975
Lexington, KY$34,964
Augusta, GA$34,953
Greenville, SC$34,953
Lima, OH$34,923
Wichita, KS$34,919
Tuscaloosa, AL$34,919
Columbia, SC$34,885
Springfield, OH$34,877
Asheville, NC$34,817
Bloomington, IN$34,790
Knoxville, TN$34,654
Shreveport, LA$34,651
Wilmington, NC$34,601
Roanoke, VA$34,601
Topeka, KS$34,533
Frankfort, KY$34,529
Oklahoma City, OK$34,503
Chillicothe, OH$34,488
Longview, TX$34,484
Melbourne, FL$34,481
Sioux Falls, SD$34,420
Mobile, AL$34,416
Terre Haute, IN$34,401
Altoona, PA$34,379
Amarillo, TX$34,352
Killeen, TX$34,341
Fayetteville, AR$34,311
Chattanooga, TN$34,299
Sioux City, IA$34,265
Idaho Falls, ID$34,258
Lynchburg, VA$34,228
Gainesville, FL$34,178
Portsmouth, OH$34,160
Little Rock, AR$34,152
Lafayette, LA$34,137
Youngstown, OH$34,137
Daytona Beach, FL$34,114
Clarksville, TN$34,110
Pensacola, FL$34,107
Temple, TX$34,104
Hopkinsville, KY$33,993
Erie, PA$33,986
Florence, SC$33,971
Charleston, WV$33,910
Great Falls, MT$33,891
Macon, GA$33,839
Tallahassee, FL$33,835
Fayetteville, NC$33,827
Waco, TX$33,820
Helena, MT$33,793
Pine Bluff, AR$33,779
Vincennes, IN$33,733
Lubbock, TX$33,718
Alamogordo, NM$33,695
Twin Falls, ID$33,661
Rapid City, SD$33,650
Jackson, MS$33,582
Huntington, WV$33,579
Greenville, MS$33,578
Parkersburg, WV$33,539
Montgomery, AL$33,533
Wichita Falls, TX$33,495
Springfield, MO$33,495
Biloxi, MS$33,476
Monroe, LA$33,438
Johnstown, PA$33,412
Sumter, SC$33,397
Columbus, GA$33,393
Pascagoula, MS$33,321
Abilene, TX$33,321
Kingsport, TN$33,223
Albany, GA$33,223
Gulfport, MS$33,212
Alexandria, LA$33,087
Fort Smith, AR$32,992
El Paso, TX$32,890
Las Cruces, NM$32,720
Harlingen, TX$32,625
Pocatello, ID$32,619
Florence, AL$32,569
Brownsville, TX$32,562
Mcallen, TX$32,483
Dothan, AL$32,430
Columbus, MS$32,205
Altus, OK$32,029
Lawton, OK$31,958
Pierre, SD$31,822
What Skills Can Increase a Mortgage Banking's Salary?
Demanded Skills for the Role:
Attention to Detail (Mentioned in 4.88% Job Postings): Executing and completing a task with a high level of accuracy.
Bank Operations (Mentioned in 2.44% Job Postings): Banking operations are bank-specific economic activities listed in the Banking Law which involve provision of certain financial services to their recipients against payment and under an agreement concluded with the client.
Billing (Mentioned in 2.44% Job Postings): Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
Mastering certain specialized skills can lead to a significant increase in pay.
Here are examples of skills and the potential impact they can have on a Mortgage Banking's salary.
Scheduling: Can increase your salary by up to 19%.
Empathy: Can increase your salary by up to 18%.
Communication Skills: Can increase your salary by up to 18%.
Mortgage Banking Salary by Industry: Top Paying Sectors
For Mortgage Banking roles, the industry you choose can affect earning potential
by as much as 55% (the gap between the highest and lowest paying industries).
Data shows that the Telecom and Energy & Utilities
sectors offer the strongest compensation, at 30% above the average.
In contrast, Mortgage Banking positions in Insurance or Financial Services typically offer lower base pay,
as these industries often view Mortgage Banking as a support function rather than a direct revenue driver.
The top paying industries for a Mortgage Banking
Industry Sector
Average Annual Salary
Average Hourly Rate
Pay vs.Avg
Telecom
$49,102
$24.0
30%
Energy & Utilities
$47,213
$23.0
25%
Aerospace & Defense
$45,324
$22.0
20%
Hospitality & Leisure
$43,436
$21.0
15%
Construction
$41,547
$20.0
10%
How Education impacts a Mortgage Banking's Salary?
Your level of education can impact your salary potential.
While many Mortgage Bankings enter the field with a High School Diploma or Technical Certificate degree,
higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data,
the median salary for a Mortgage Banking with a High School Diploma or Technical Certificate is between
$34,616
and $36,503).
Mortgage Banking Salary: Hourly Rate, Weekly Pay, and Monthly Pay
Understanding how a Mortgage Banking'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.
Salaries for a Mortgage Banking can change over time,
reflecting shifts in market demand and the overall economy.
The median salary decreased from $42,859 in 2023
to around $42,743 in 2025,
reflecting changes in demand, location, experience, and the wider economy.
For a detailed analysis of Mortgage Banking salary trends,
.
Average Annual Salary of Mortgage Banking Over Time
$???
$42,859
$42,860
$42,743
$???
$???
2022
2023
2024
2025
2026
2027
Year
Average Annual Salary
2022
View More
2023
$42,859
2024
$42,860
2025
$42,743
2026
View More
2027
View More
Most common benefits for Mortgage Banking
Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)
Common company salaries for Mortgage Banking
Here are companies hiring for Mortgage Banking and their salaries, click below for more details.
C$128,509/per year
C R Bard IncBiotechnologythe United States
H$124,697/per year
Henry Schein CanadaBiotechnologythe United States
N$123,899/per year
Nordex IncBiotechnologythe United States
N$120,416/per year
Nipro CorpBiotechnologythe United States
E$115,870/per year
EnovisBiotechnologythe United States
A$114,553/per year
Advanced Research Projects Agency - EnergyBiotechnologythe United States
M$112,110/per year
MiniMed IncBiotechnologythe United States
L$111,500/per year
Labcorp Drug DevelopmentBiotechnologythe United States
L$110,229/per year
Life Technologies CorpBiotechnologythe United States
Z$106,224/per year
Zimmer BiometBiotechnologythe United States
P$103,077/per year
Promontory TherapeuticsBiotechnologythe United States
S$102,181/per year
Steris PLCBiotechnologythe United States
G$97,274/per year
Gavin Conferences Pty LtdBiotechnologythe United States
E$94,764/per year
Endeavor BioMedicinesBiotechnologythe United States
R$94,402/per year
Replay Holdings LLCBiotechnologythe United States
P$94,235/per year
Pleno IncBiotechnologythe United States
S$93,666/per year
Simulaids IncBiotechnologythe United States
N$88,880/per year
NOIRLab/CASBiotechnologythe United States
O$86,468/per year
Onward TechnologyBiotechnologythe United States
L$84,895/per year
LED Medical Diagnostics IncBiotechnologythe United States
E$84,682/per year
Eyeco LtdBiotechnologythe United States
P$84,523/per year
PaerosolBiotechnologythe United States
I$83,525/per year
IONIQ Sciences IncBiotechnologythe United States
S$82,815/per year
Stateside PPEBiotechnologythe United States
D$82,041/per year
Digi BioBiotechnologythe United States
Find Your Next Mortgage Banking Job
Ready to take the next step in your career? Browse thousands of current Mortgage Banking job openings on our job board. Use the search bar below to find your perfect match.
For Employees
Analyze the market and your qualifications to negotiate your salary with confidence.
Get a Salary Increase
Search thousands of open positions to find your next opportunity.
Search Job Openings
For Employers
Individualize employee pay based on unique job requirements and personal qualifications.
Adjust Employee Salary
Get the latest market price for benchmark jobs and jobs in your industry.
Price My Industry Jobs
FAQ about Mortgage Banking
1. What industry pays the highest salary for Mortgage Banking?
The Telecom industry offers the highest average compensation for Mortgage Banking roles,
with salaries approximately 30% above the market median.
Where Does Our Salary Data Come From?
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
