Residential Loan Officer Salary in Washington, DC

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How much does a Residential Loan Officer make in Washington, DC? The average Residential Loan Officer salary in Washington, DC is $43,426 as of March 26, 2024, but the salary range typically falls between $37,247 and $49,279. 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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Salary range for a Residential Loan Officer

$37,247 to $49,279

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Residential Loan Officer

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Job Openings for Residential Loan Officer in Washington, DC

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 - 14 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 - 28 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 - 2 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 - 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 - 2 days ago

Bilingual - Mortgage Loan Officer Partner

AFM Lending LLC - Goodyear , AZ

We're looking for a hardworking Mortgage Loan Officer Assistant who can help take our team to the ... complete Residential and Commercial Broker located in Goodyear, AZ. We are driven to provide ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - Today

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

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Residential Loan Officer Salary By Experience Levels in Washington, DC

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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.

Residential Loan Officer Salary By Level of Education in Washington, DC

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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 Residential Loan Officer in Washington, DC

Average Base Salary

Core compensation

37247

49279

43426

Average Total Cash Compensation

Includes base and annual incentives

37871

51148

44081

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 Washington, DC. The base salary for Residential Loan Officer ranges from $37,247 to $49,279 with the average base salary of $43,426. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $37,871 to $51,148 with the average total cash compensation of $44,081.

View Average Salary for Residential Loan Officer as table

	Average Salary	Average Salary Range
Base Salary	$43,426	$37,247 - $49,279
Bonus	$655	$624 - $1,869
Total Pay	$44,081	$37,871 - $51,148

* 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 Washington, DC

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Washington, DC
CITY, STATE Arlington, VA	AVERAGE SALARY RANGE $37,254 - $49,288	COMPARE TO Washington, DC
CITY, STATE Alexandria, VA	AVERAGE SALARY RANGE $37,254 - $49,288	COMPARE TO Washington, DC
CITY, STATE Annandale, VA	AVERAGE SALARY RANGE $37,254 - $49,288	COMPARE TO Washington, DC
CITY, STATE Bowie, MD	AVERAGE SALARY RANGE $37,176 - $49,184	COMPARE TO Washington, DC
CITY, STATE Bethesda, MD	AVERAGE SALARY RANGE $37,254 - $49,288	COMPARE TO Washington, DC
CITY, STATE Silver Spring, MD	AVERAGE SALARY RANGE $37,254 - $49,288	COMPARE TO Washington, DC

See salaries for Residential Loan Officer in locations close to Washington, DC. 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 Washington, District of Columbia

Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area of 68.34 square miles (177.0 km2), of which 61.05 square miles (158.1 km2) is land and 7.29 square miles (18.9 km2) (10.67%) is water. The District is bordered by Montgomery County, Maryland to the northwest; Prince George's County, Maryland to the east; Arlington County, Virginia to the south; and Alexandria, Virginia to the west. The south bank of the Potomac River forms the District's border with Virginia and has two major tributaries: the An...

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

View Salary for Similar Jobs to Residential Loan Officer in Washington, DC

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Residential Mortgage Loan Officer	LOCATION Washington, DC	MINIMUM SALARY $41,724	MAXIMUM SALARY $57,379
JOB TITLE Residential Mortgage Officer I	LOCATION Washington, DC	MINIMUM SALARY $46,440	MAXIMUM SALARY $63,870
JOB TITLE Residential Mortgage Officer II	LOCATION Washington, DC	MINIMUM SALARY $62,770	MAXIMUM SALARY $85,620
JOB TITLE Residential Mortgage Officer III	LOCATION Washington, DC	MINIMUM SALARY $88,780	MAXIMUM SALARY $124,430
JOB TITLE Mortgage Loan Officer I	LOCATION Washington, DC	MINIMUM SALARY $46,439	MAXIMUM SALARY $63,863
JOB TITLE Mortgage Loan Officer II	LOCATION Washington, DC	MINIMUM SALARY $62,766	MAXIMUM SALARY $85,619

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 Washington, DC that might be a good fit for the type of job and salary you are looking for.

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37247

49279

About Washington, District of Columbia Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area....More

Washington, District of Columbia area prices were up 1.3% from a year ago

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