How much does a Residential Loan Officer make? The average Residential Loan Officer salary is $39,207 as of May 28, 2024, but the salary range typically falls between $33,623 and $44,488. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Job Openings for Residential Loan Officer
Oregon Pacific Bank - Florence , OR
Solicit residential loans. Inform prospective loan clients of the bank's underwriting guidelines and applicable government regulations. * Work in partnership with the commercial banking and trust ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 23 days ago
JP MORTGAGE COMPANY LLC - Louisville , KY
We're looking for experienced Residential Mortgage Loan Officers to join our team. As a loan officer, you'll leverage your existing realtor/builder relationships and proven track record of consistent ...
ZipRecruiter - 50 days ago
Primary Residential Mortgage - Atlanta , GA
Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in Georgia, and seeks a Mortgage Loan Officer, to develop and accelerate this growth. Why PRMI? We pride ourselves on being more ...
LinkedIn - 65 days ago
LCNB National Bank - Columbus , OH
Solicit residential mortgages from various sources * Develop and build relationships with realtors ... Attend loan closings, sales and officer meetings Required Qualification: * 2+ years of experience ...
ZipRecruiter - Today
Mutual of Omaha Mortgage - Meridian , ID
Are you currently a productive loan officer wanting to take your business to the next level? If so ... We are a full-service lending company offering a complete line of residential mortgage, refinancing ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - Today
CrossCountry Mortgage, LLC. - Carmel , IN
Position Overview: The Loan Officer Assistant is responsible for managing the loan officers ... Residential mortgage experience, preferred. * Encompass experience, preferred. * Experience with ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago

Residential Loan Officer Salary in Major Cities

This chart shows the salary comparison for Residential Loan Officer between major cities. San Francisco City consistently ranks #1 as of May 28, 2024. Click on the chart to see the detail salary data for Residential Loan Officer in each city.
Click to see the salary for Residential Loan Officer in these major U.S. cities.
City Name Average Salary
San Francisco, CA $49,009
Washington, DC $43,637
Miami, FL $37,835
Chicago, IL $41,128
Boston, MA $43,951
New York, NY $45,794
Dallas, TX $38,697
If you'd like know Residential Loan Officer Salary in other cities, then please select a city in

Average Base Salary

Core compensation

 
 
 
33623
44488
39207

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
34189
46173
39796
What is the average salary for Residential 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 Residential Loan Officer in the United States. The base salary for Residential Loan Officer ranges from $33,623 to $44,488 with the average base salary of $39,207. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $34,189 to $46,173 with the average total cash compensation of $39,796.
Average Salary Average Salary Range
Base Salary $39,207 $33,623 - $44,488
Bonus $589 $566 - $1,685
Total Pay $39,796 $34,189 - $46,173
* 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.
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Residential Loan Officer, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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33623
44488

 

What's the difference between Residential Mortgage Loan Officer and Residential Loan Officer?
According to our latest salary estimation on May 28, 2024. The average salary of Residential Loan Officer is $39,207, and the average salary of Residential Mortgage Loan Officer is $49,243. The average salary of Residential Mortgage Loan Officer is higher than Residential Loan Officer. ( 2024-05-29 salary.com )
I am a Residential Loan Officer, which location’s salary is higher, Mcallen, TX or Jersey City, NJ?
Jersey City, NJ typically sees higher pay than Mcallen, TX for Residential Loan Officer. a Residential Loan Officer Salary in Jersey City, NJ is $45,794 as of May 28, 2024; a Residential Loan Officer Salary in Mcallen, TX is $33,718 as of May 28, 2024. ( 2024-05-29 salary.com )
Why does the salary of a Residential Loan Officer vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-05-29 salary.com )
What are the Pay Factors for Residential Loan Officer?
Salary ranges for a Residential Loan Officer can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2024-05-29 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-05-29 salary.com )

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Last Update: May 28, 2024