Residential Loan Officer Salary in Richmond, VA

Change City

How much does a Residential Loan Officer make in Richmond, VA? The average Residential Loan Officer salary in Richmond, VA is $37,964 as of March 26, 2024, but the salary range typically falls between $32,562 and $43,080. 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.

Search Residential Loan Officer Jobs in Richmond, VA

Develop a Job description

Pay Equity

Salary range for a Residential Loan Officer

$32,562 to $43,080

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Residential Loan Officer Salary:
Select State
Select City in VA
Choose Similar Job
Pick Related Category
View Cost of Living in Richmond, Virginia

For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

Residential Loan Officer

Review the job openings and experience requirements for the Residential Loan Officer job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Residential Loan Officer.

Search Residential Loan Officer Job Openings

Job Openings for Residential Loan Officer in Richmond, VA

Residential Loan Officer

ThisWay - Plymouth , MI

Our partner is looking for a Residential Loan Officer in Plymouth, MI. The company is a full-service financial institution serving those living, working, worshiping, or attending school in Michigan

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 17 days ago

Residential Loan Officer

Community Financial Credit Union - Plymouth , MI

The Residential Loan Officer is responsible for the origination of residential first and second mortgages that are generally derived from internal sources such as by the experience team, from ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 31 days ago

Residential Mortgage Loan Officer

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 - 5 days ago

Mortgage Loan Officer

Primary Residential Mortgage - Nashville , TN

Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in Tennessee and seeks a Mortgage Loan Officer to develop and accelerate this growth. Why PRMI? We pride ourselves on being more ...

LinkedIn - 4 days ago

Loan Officer - salary + commission (hard money lender)

F2 Finance - Santa Monica , CA

You will need to have 2+ years of experience, specifically in residential private lending, fix & flip or bridging finance. As a loan officer you will be involved in driving loans through the full ...

LinkedIn - 1 day ago

Mortgage Loan Officer

S&S Employment Partners - Des Moines , IA

Our client seeks a Mortgage Loan Officer to join their team. This is a direct hire opportunity ... Originating, secondary market, and closed ended residential real estate mortgages * Working ...

ZipRecruiter - 5 days ago

What does a Residential Loan Officer do?

Common responsibilities of a Residential Loan Officer

Attend monthly sales meetings, training sessions and Bank functions.

October 24, 2022

Develop and implement marketing programs such as direct mailings, seminars and event participation as required by written goals.

November 11, 2022

Active solicitation and origination of mortgage loan programs to all prospective borrowers including in low to moderate areas, and low to moderate income individuals.

January 26, 2023

Maintains past dues and charge-offs within or below Bank guidelines, including the regular maintenance of such credits within the parameters of collection law and Bank policy.

March 24, 2023

Provide an excellent customer experience by overseeing the loan process from origination to closing and proactively communicating with the customer throughout the entire process.

April 10, 2023

Reviews all additional documentation needed to determine prospect also meets product guidelines prior to issuance of a pre-qualification letter.

April 10, 2023

Collect all initial documentation and analyze applicant information to determine whether the customer is likely to qualify for the desired loan program, assist customer in choosing the proper program suitable to their needs.

April 17, 2023

Complete application processes with applicants in keeping with Bank policies, procedures and product guidelines and with applicable laws, regulations and accepted business practices.

April 22, 2023

Promote the Bank's loan programs in the community through regular contact with real estate brokers/builders, and other centers of influence who can make client referrals.

April 24, 2023

Follows up on leads generated by personal effort, regular contact from within the industry, call-in/walk-in inquiries, in addition to the support enhancements from Bank advertising, and direct mail efforts.

May 16, 2023

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Residential Loan Officer Salary By Experience Levels in Richmond, VA

How much should you be earning in Residential Loan Officer in Richmond, VA based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Residential Loan Officer in Richmond, VA

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.

Residential Loan Officer Salary By Level of Education in Richmond, VA

Do you know how much should you be paid for a Residential Loan Officer position in Richmond, VA based on your education level?

Tell us about your education and see an estimate of earnings for Residential Loan Officer in Richmond, VA and well to know the impact of education on future careers.

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 Residential Loan Officer in Richmond, VA

Average Base Salary

Core compensation

32562

43080

37964

Average Total Cash Compensation

Includes base and annual incentives

33108

44714

38536

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 Richmond, VA. The base salary for Residential Loan Officer ranges from $32,562 to $43,080 with the average base salary of $37,964. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $33,108 to $44,714 with the average total cash compensation of $38,536.

View Average Salary for Residential Loan Officer as table

	Average Salary	Average Salary Range
Base Salary	$37,964	$32,562 - $43,080
Bonus	$573	$545 - $1,634
Total Pay	$38,536	$33,108 - $44,714

* 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.

Residential Loan Officer Salary Near Richmond, VA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Richmond, VA
CITY, STATE Petersburg, VA	AVERAGE SALARY RANGE $33,332 - $44,099	COMPARE TO Richmond, VA
CITY, STATE Virginia State University, VA	AVERAGE SALARY RANGE $33,332 - $44,099	COMPARE TO Richmond, VA
CITY, STATE Newport News, VA	AVERAGE SALARY RANGE $31,685 - $41,920	COMPARE TO Richmond, VA
CITY, STATE Hampton, VA	AVERAGE SALARY RANGE $31,685 - $41,920	COMPARE TO Richmond, VA
CITY, STATE Suffolk, VA	AVERAGE SALARY RANGE $31,493 - $41,666	COMPARE TO Richmond, VA
CITY, STATE Portsmouth, VA	AVERAGE SALARY RANGE $31,511 - $41,690	COMPARE TO Richmond, VA

See salaries for Residential Loan Officer in locations close to Richmond, VA. 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.

About Richmond, Virginia

Richmond (/ˈrɪtʃmənd/) is the capital of the Commonwealth of Virginia in the United States. It is the center of the Richmond Metropolitan Statistical Area (MSA) and the Greater Richmond Region. Richmond was incorporated in 1742 and has been an independent city since 1871. As of the 2010 census, the city's population was 204,214; in 2016, the population was estimated to be 223,170, making Richmond the fourth-most populous city in Virginia. The Richmond Metropolitan Area has a population of 1,260,029, the third-most populous metro in the state. Richmond is located at the fall line of the James R...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Residential Loan Officer in Richmond, VA

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Residential Mortgage Loan Officer	LOCATION Richmond, VA	MINIMUM SALARY $41,724	MAXIMUM SALARY $57,379
JOB TITLE Residential Mortgage Officer I	LOCATION Richmond, VA	MINIMUM SALARY $40,600	MAXIMUM SALARY $55,830
JOB TITLE Residential Mortgage Officer II	LOCATION Richmond, VA	MINIMUM SALARY $54,880	MAXIMUM SALARY $74,850
JOB TITLE Residential Mortgage Officer III	LOCATION Richmond, VA	MINIMUM SALARY $77,610	MAXIMUM SALARY $108,780
JOB TITLE Mortgage Loan Officer I	LOCATION Richmond, VA	MINIMUM SALARY $40,597	MAXIMUM SALARY $55,830
JOB TITLE Mortgage Loan Officer II	LOCATION Richmond, VA	MINIMUM SALARY $54,871	MAXIMUM SALARY $74,850

The Residential Loan Officer 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 Richmond, VA that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

32562

43080

About Richmond, Virginia Richmond (/ˈrɪtʃmənd/) is the capital of the Commonwealth of Virginia in the United States. It is the center of the Richmond Metropolitan Statistical ....More

Richmond, Virginia area prices were up 1.2% from a year ago

Residential Loan Officer Salary in popular cities: Virginia Beach, Norfolk, Chesapeake

Recently searched related titles: Health And Safety Instructor, Skin Care Expert, Patient Health Navigator

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

Jobs with a similar salary range to Residential Loan Officer : Extraction Technician, Refinery Operator Trainee, Florist Manager