Mortgage Banking Salary in Rockford, IL

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How much does a Mortgage Banking make in Rockford, IL?

As of April 01, 2025, the average annual salary for a Mortgage Banking in Rockford, IL is $35,581. Salary.com reports that pay typically ranges from $32,470 to $40,141, with most professionals earning between $29,638 and $44,293.

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Salary range for an Mortgage Banking
$32,470 to $40,141
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What is a Mortgage Banking?

A mortgage banker is responsible for assisting clients in obtaining mortgage loans to purchase or refinance their homes. They work with clients to assess their financial situation, provide information on available loan products, and guide them through the application process. Mortgage bankers also work with underwriters to ensure that loan applications meet the necessary criteria for approval. Additionally, they may be responsible for maintaining relationships with real estate agents, builders, and other industry professionals to generate new business. Overall, mortgage bankers play a crucial role in helping individuals and families achieve their homeownership goals.

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Job Openings for Mortgage Banking in Rockford, IL
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Mortgage Banking Salary By Experience Levels in Rockford, IL

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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.

Mortgage Banking Salary By Level of Education in Rockford, IL

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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 Mortgage Banking in Rockford, IL

Average Base Salary

Core compensation

 
 
 
32470
40141
35581

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
32861
40879
36065
What is the average salary for Mortgage Banking in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banking in Rockford, IL. The base salary for Mortgage Banking ranges from $32,470 to $40,141 with the average base salary of $35,581. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $32,861 to $40,879 with the average total cash compensation of $36,065.

View Average Salary for Mortgage Banking as table

Average Salary Average Salary Range
Base Salary $35,581 $32,470 - $40,141
Bonus $484 $391 - $738
Total Pay $36,065 $32,861 - $40,879
* 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.

Mortgage Banking Salary Near Rockford, IL

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Rockford, IL
CITY, STATE Janesville, WI AVERAGE SALARY RANGE $32,554 - $40,245 COMPARE TO Rockford, IL
CITY, STATE Elgin, IL AVERAGE SALARY RANGE $34,260 - $42,354 COMPARE TO Rockford, IL
CITY, STATE Hoffman Estates, IL AVERAGE SALARY RANGE $34,536 - $42,696 COMPARE TO Rockford, IL
CITY, STATE Aurora, IL AVERAGE SALARY RANGE $34,567 - $42,733 COMPARE TO Rockford, IL
CITY, STATE Madison, WI AVERAGE SALARY RANGE $33,212 - $41,058 COMPARE TO Rockford, IL
CITY, STATE Wheaton, IL AVERAGE SALARY RANGE $34,368 - $42,487 COMPARE TO Rockford, IL
See salaries for Mortgage Banking in locations close to Rockford, IL. 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 Mortgage Banking in Rockford, IL

See Additional Similar Jobs
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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Mortgage Banking Officer LOCATION Rockford, IL MINIMUM SALARY $44,359 MAXIMUM SALARY $57,679
JOB TITLE Director of Mortgage Banking LOCATION Rockford, IL MINIMUM SALARY $59,022 MAXIMUM SALARY $69,965
JOB TITLE Mortgage Closer LOCATION Rockford, IL MINIMUM SALARY $42,716 MAXIMUM SALARY $52,776
JOB TITLE Banking Consultant LOCATION Rockford, IL MINIMUM SALARY $39,265 MAXIMUM SALARY $48,424
JOB TITLE Banking Manager LOCATION Rockford, IL MINIMUM SALARY $130,008 MAXIMUM SALARY $173,839
JOB TITLE Banking Paralegal LOCATION Rockford, IL MINIMUM SALARY $49,111 MAXIMUM SALARY $66,951
The Mortgage Banking 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 Rockford, IL that might be a good fit for the type of job and salary you are looking for.

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32470
40141

 

About Rockford, Illinois    Rockford is a city in Winnebago County in the U.S. state of Illinois, in far northern Illinois. Located on the banks of the Rock River, Rockford is t....More

Rockford, Illinois  area prices were up 1.3% from a year ago

Mortgage Banking Salary in popular cities: Chicago, Aurora, Joliet

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