Residential Loan Officer Salary

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How much does a Residential Loan Officer make? The average Residential Loan Officer salary is $39,017 as of March 26, 2024, but the salary range typically falls between $33,466 and $44,276. 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
$33,466 to $44,276
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Job Openings for Residential Loan Officer
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 - 6 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 - 20 days ago
Mortgage Loan Officer
Primary Residential Mortgage - Lehi , UT
Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in Utah and seeks a Mortgage Loan Officer to develop and accelerate this growth. Why PRMI? We pride ourselves on being more than ...
LinkedIn - 1 day ago
Mortgage Loan Officer
Crawford Thomas Recruiting - Plymouth , MI
Remote work + Local Travel (Detroit Area) Job Summary The Mortgage Loan Officer is exclusively an outside sales position that is responsible for the origination of residential first mortgages via an ...
LinkedIn - Today
Loan Officer
NW Recruiting Partners - Kirkland , WA
Loan Officer - Private Lender Kirkland, WA (in-office) Join our client, a leading private real ... Educate applicants about various residential mortgage loans, answering questions and providing ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 8 days ago
Junior Loan Officer
Chris Gurnee Realty - Shoreline , WA
Communicate with the senior mortgage loan officer/ MLO to make a recommendation of which mortgage ... Educate loan applicants about various residential mortgage loans - answer questions and provide ...
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 March 26, 2024. Click on the chart to see the detail salary data for Residential Loan Officer in each city.

Residential Loan Officer Salary by City

Click to see the salary for Residential Loan Officer in these major U.S. cities.
City Name Average Salary
San Francisco, CA $48,771
Washington, DC $43,426
Miami, FL $37,651
Chicago, IL $40,929
Boston, MA $43,738
New York, NY $45,572
Dallas, TX $38,510
If you'd like know Residential Loan Officer Salary in other cities, then please select a city in

Average Salary Range for Residential Loan Officer

Average Base Salary

Core compensation

 
 
 
33466
44276
39017

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
34026
45955
39606
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 $33,466 to $44,276 with the average base salary of $39,017. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $34,026 to $45,955 with the average total cash compensation of $39,606.

View Average Salary for Residential Loan Officer as table

Average Salary Average Salary Range
Base Salary $39,017 $33,466 - $44,276
Bonus $589 $560 - $1,679
Total Pay $39,606 $34,026 - $45,955
* 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.

Estimate Salary for Residential Loan Officer online for free

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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33466
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Comments about Residential Loan Officer

What's the difference between Residential Mortgage Loan Officer and Residential Loan Officer?
According to our latest salary estimation on March 26, 2024. The average salary of Residential Loan Officer is $39,017, and the average salary of Residential Mortgage Loan Officer is $48,991. The average salary of Residential Mortgage Loan Officer is higher than Residential Loan Officer. ( 2024-03-27 salary.com )
I am a Residential Loan Officer, which location’s salary is higher, Oxnard, CA or Hutchinson, KS?
Oxnard, CA typically sees higher pay than Hutchinson, KS for Residential Loan Officer. a Residential Loan Officer Salary in Oxnard, CA is $41,826 as of March 26, 2024; a Residential Loan Officer Salary in Hutchinson, KS is $36,052 as of March 26, 2024. ( 2024-03-27 salary.com )

Residential Loan Officer Frequently Asked Questions

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. ( 2024-03-27 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 ( 2024-03-27 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. ( 2024-03-27 salary.com )

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Last Update: March 26, 2024