HomeRate Mortgage Salary

HomeRate Mortgage Salary

How much does the HomeRate Mortgage Pay for employees?

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As of August 2026, the average annual salary for employees at HomeRate Mortgage in the United States is $84,004. This translates to an approximate hourly wage of $40. Salaries at HomeRate Mortgage typically range from $73,656 to $95,247 annually, reflecting the diverse roles and experience levels within the company. HomeRate Mortgage’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does HomeRate Mortgage Pay for Different Roles?

Explore detailed salary information for specific jobs at HomeRate Mortgage. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at HomeRate Mortgage

Ready for your next career move? Explore current job openings at HomeRate Mortgage. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is HomeRate Mortgage’s Pay Competitive? Salary Benchmarking Analysis

How does HomeRate Mortgage’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
HomeRate Mortgage
Financial Services
Union America Mortgage Inc
Power Mortgage Inc
Industry Comparison
Our data shows that, on average, compensation at HomeRate Mortgage is below the average for the U.S. Financial Services industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared HomeRate Mortgage average annual salary with several similar companies. HomeRate Mortgage average salary of $84,004 is lower than Union America Mortgage Inc, which has an average salary of $87,221. It is lower than Power Mortgage Inc, with their average salary at $92,432. This places HomeRate Mortgage in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How HomeRate Mortgage's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at HomeRate Mortgage. Click a company name to learn more.

Employee Reviews: Working at HomeRate Mortgage

Considering a career at HomeRate Mortgage? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Engagement with upper management is rare. Documentation is thorough and accessible. Despite having team members, IT support is responsive and systems are user-friendly. There’s an impressive balance of challenge and support. The company supports career mobility and fosters a growth mindset. The company size means your voice is heard. This financial firm is a powerhouse for career development.
Commented in April 16, 2025
44
1
The company attracts and retains top talent. Working with skilled peers elevates everyone's performance. Benefits are okay, and it is somehow particularly competitive. Beyond the financial aspects, the company fosters a high-performance culture balanced with initiatives for employee well-being, demonstrating a holistic approach to staff satisfaction. Environmental impact is considered in operation...
Commented in March 03, 2025
18
2
A process-oriented company with firm hierarchies. I appreciate the leadership’s transparency and commitment to employee engagement. Time-off policies are generous and flexible.
Commented in August 14, 2024
8
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It’s a stable environment for those who prefer clear rules and steady routines rather than rapid change or innovation. Vendor partnerships are high-quality and stable. The company fosters a highly collaborative culture that encourages innovation and professional growth.
Commented in June 10, 2024
35
1
Internal mobility programs help employees explore new career paths. The environment is calm, with few unexpected challenges. Supportive leadership fosters growth and rewards performance consistently. The environment is structured, but culture and innovation depend heavily on individual leaders’ style and focus.
Commented in January 19, 2024
27
3

HomeRate Mortgage Overview

Website
www.homeratemortgage.com
Founded In
2005
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
7506 E Brainerd Rd Chattanooga Tennessee TN 37421
Revenue
$10 Million - $50 Million
Phone Number
+1 4238059100
Social Media
About HomeRate Mortgage
Home Rate Mortgage of Tennessee saves local home owners money. Ben Phillips is the voice of Home Rate Mortgage and he helps Eric Bradshaw manage the success of hundreds of clients mortgage closings. When it comes to getting the lowest rate and the quickest mortgage approval you have to depend on the best mortgage professionals. Our outstanding mortgage professionals will work with you one on one t

What Benefits Does HomeRate Mortgage Offer Beyond Salary?

A competitive compensation package is more than just a salary. HomeRate Mortgage offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chattanooga?

Understanding the cost of living near Chattanooga is key to truly evaluating a salary offer or your current compensation at HomeRate Mortgage.
Chattanooga's Cost of Living Index is approximately 85.2 (14.8% less expensive than US average; 5.5% less than TN average). SE TN scenic city, outdoor rec, affordable. CARTA bus (free downtown shuttle). When planning your budget based on a salary from HomeRate Mortgage, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,350+ A significant portion of HomeRate Mortgage salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (CARTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,140 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of HomeRate Mortgage

1. How much does HomeRate Mortgage in the United States pay?

HomeRate Mortgage pays its employees an average of $84,004 per year. The average salary at HomeRate Mortgage range from $73,656 to $95,247 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do HomeRate Mortgage employees get a higher salary than its peer company?

The salary at HomeRate Mortgage is lesser than its peer company. The average annual salary at HomeRate Mortgage is $84,004, or an hourly wage of $40, in comparison to Union America Mortgage Inc which pays $87,221 per year or $42 per hour.

3. What are the highest paying jobs at HomeRate Mortgage?

The higher-paying job at HomeRate Mortgage, according to our data, include Vice President, Sales & Marketing (avg. $193,568 per year), Manager, Operations (avg. $89,483 per year), and Customer Service Manager (avg. $76,976 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at HomeRate Mortgage?

Salary progression with years of experience at HomeRate Mortgage is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at HomeRate Mortgage vary by office location?

Yes, it's very likely that salaries at HomeRate Mortgage vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Chattanooga section provides more context.

6. Does HomeRate Mortgage offer good benefits?

HomeRate Mortgage typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at HomeRate Mortgage" section on this page.

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