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NewTowne Mortgage Salary

NewTowne Mortgage Salary

How much does the NewTowne Mortgage Pay for employees?

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As of September 2026, the average annual salary for employees at NewTowne Mortgage in the United States is $85,692. This translates to an approximate hourly wage of $41. Salaries at NewTowne Mortgage typically range from $75,168 to $97,100 annually, reflecting the diverse roles and experience levels within the company. NewTowne 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 NewTowne Mortgage Pay for Different Roles?

Explore detailed salary information for specific jobs at NewTowne 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 NewTowne Mortgage

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

Is NewTowne Mortgage’s Pay Competitive? Salary Benchmarking Analysis

How does NewTowne 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
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Average Salary ($/year)
NewTowne Mortgage
Financial Services
Jordan Park Trust Company LLC
South Lafourche Bank
Industry Comparison
Our data shows that, on average, compensation at NewTowne Mortgage is below the average for the U.S. Financial Services industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared NewTowne Mortgage average annual salary with several similar companies. NewTowne Mortgage average salary of $85,692 is lower than Jordan Park Trust Company LLC, which has an average salary of $90,481. It is lower than South Lafourche Bank, with their average salary at $86,884. This places NewTowne 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 NewTowne Mortgage's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at NewTowne Mortgage

Considering a career at NewTowne 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.
Thank-you notes from executives. Coworkers are driven and respectful, and leadership consistently promotes internal growth. Strong focus on employee development. Work equipment is high-quality and reliable.
Commented in February 13, 2025
28
2
Office environment promotes productivity and comfort. Flexible hours and remote work options enhance work-life balance. Tools are modern, expectations are reasonable, and teamwork is emphasized.
Commented in November 24, 2024
18
3
The work environment is stable, though it can lack excitement and innovation at times. Public transit options abound. Ethical practices are paramount.
Commented in August 15, 2024
32
3

NewTowne Mortgage Overview

Website
www.newtownemortgage.com
Founded In
1981
Employees
<25 employees
Industry
Financial Services
Headquarter Address
600 22nd St Virginia Beach Virginia VA 23451
Revenue
<$5 Million
Phone Number
+1 7574092589
Social Media
About NewTowne Mortgage
The guidance of a trustworthy and experienced mortgage professional can simplify any home financing experience. NewTowne Mortgage has a wealth of knowledge and resources to assist you in finding the best loan to meet your individual home buying needs. We pride ourselves in providing excellent customer service and establishing long lasting customer relationships. As an experienced lender, Chris Buf

What Benefits Does NewTowne Mortgage Offer Beyond Salary?

A competitive compensation package is more than just a salary. NewTowne 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 Virginia Beach?

Understanding the cost of living near Virginia Beach is key to truly evaluating a salary offer or your current compensation at NewTowne Mortgage.
Virginia Beach's Cost of Living Index is approximately 101.8 (1.8% more expensive than US average; 2.2% less than VA average). Large coastal city, tourism, military, housing near US avg. HRT bus/light rail. When planning your budget based on a salary from NewTowne Mortgage, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of NewTowne Mortgage salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (HRT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,600 - $4,160+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of NewTowne Mortgage

1. How much does a NewTowne Mortgage employee make?

NewTowne Mortgage pays its employees an average of $85,692 per year. The average salary at NewTowne Mortgage range from $75,168 to $97,100 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. Which similar company tend to pay more or less than NewTowne Mortgage?

The salary at NewTowne Mortgage is lesser than the similar company. The average annual salary at NewTowne Mortgage is $85,692, or an hourly wage of $41, in comparison to Jordan Park Trust Company LLC which pays $90,481 per year or $44 per hour.

3. How much does a Senior Loan Officer typically earn at NewTowne Mortgage?

A Senior Loan Officer at NewTowne Mortgage typically earns an average annual base salary of around $74,040, with a general range of $63,776 to $84,927.

4. Do employees with advanced degrees (Master's, PhD) earn more at NewTowne Mortgage?

In many roles at NewTowne Mortgage, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Virginia Beach affect the perceived value of a NewTowne Mortgage salary?

Virginia Beach's Cost of Living Index is approximately 101.8 (1.8% more expensive than US average; 2.2% less than VA average). This significantly impacts the purchasing power of a salary from NewTowne Mortgage based there. Our "Cost of Living Insights for Virginia Beach" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does NewTowne Mortgage typically offer employees?

NewTowne Mortgage generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at NewTowne Mortgage" section on this page.

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