How much does a Residential Loan Officer make? The average Residential Loan Officer salary is $57,621 as of October 28, 2020, but the salary range typically falls between $51,616 and $64,030. 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
NRL Federal Credit Union - Alexandria , VA
Facilitates and assists applicants with the residential lending application process, manages ... Loan Officer. Must comply with applicable laws and regulations, including but not limited to, the ...
ZipRecruiter - 9 days ago
PNC Financial Services Group - Chantilly , VA
As a(n) Loan Officer within PNC's Mortgage organization, you will be based in Greater Fairfax ... Mortgage Products. - Knowledge of and ability to utilize commercial and residential mortgage ...
PNC - 87 days ago
PNC Financial Services Group - Alexandria , VA
As a(n) Mortgage Loan Officer within PNC's Mortgage organization, you will be based in Greater ... Mortgage Products. - Knowledge of and ability to utilize commercial and residential mortgage ...
PNC - 87 days ago
SunTrust / BB&T now Truist - Richmond , VA
Loan Officer advises clients on the financial and long-term impact of various mortgage products and assists the client in clearing credit and other issues. Assesses best options for the client ...
ZipRecruiter - 72 days ago
Temporary Solutions, Inc. - Haymarket , VA
Reviews residential loan application file to verify that application data is complete and meets ... Officer in assuring compliance. Ideal Background : · Customer Service - Responds promptly to ...
ZipRecruiter - 6 days ago
... for residential mortgages. Your specific duties will include: 1. Review and preparing estimated ... loan package and disbursement documentation, recording package, final policy package to the ...
ZipRecruiter - 11 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 October 28, 2020. 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 $72,026
Washington, DC $64,144
Miami, FL $56,095
Chicago, IL $61,129
Boston, MA $64,921
New York, NY $69,318
Dallas, TX $57,246
If you'd like know Residential Loan Officer Salary in other cities, then please select a city in

Average Base Salary

Core compensation

 
 
 
51616
64030
57621

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
51678
64107
57668
What is the average salary for Residential Loan Officer in 2020?
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 $51,616 to $64,030 with the average base salary of $57,621. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $51,678 to $64,107 with the average total cash compensation of $57,668.
Average Salary Average Salary Range
Base Salary $57,621 $51,616 - $64,030
Bonus $47 $62 - $78
Total Pay $57,668 $51,678 - $64,107
* 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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51616
64030

 

What's the difference between Residential Mortgage Officer II and Residential Loan Officer?
According to our latest salary estimation on October 28, 2020. The average salary of Residential Loan Officer is $57,621, and the average salary of Residential Mortgage Officer II is $52,390. The average salary of Residential Mortgage Officer II is lower than Residential Loan Officer. ( 2020-10-28 salary.com )
I am a Residential Loan Officer, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Residential Loan Officer. a Residential Loan Officer Salary in New Britain, CT is $62,231 as of October 28, 2020; a Residential Loan Officer Salary in Barnstable, MA is $60,762 as of October 28, 2020. ( 2020-10-28 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. ( 2020-10-28 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 ( 2020-10-28 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. ( 2020-10-28 salary.com )

Last Update: October 28, 2020