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Job outlook for loan closers in the United States
Loan closer job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loan closer job growth rate is -3% from 2018-2028.
About -38,500 new jobs for loan closers are projected over the next decade.
Loan closer salaries have increased 7% for loan closers in the last 5 years.
There are over 73,073 loan closers currently employed in the United States.
There are 11,431 active loan closer job openings in the US.
The average loan closer salary is $39,093.
Are loan closer jobs in demand?
Yes, loan closer jobs are in demand. Loan closer demand is projected to grow -3% from 2018 to 2028.
Loan closer job and salary trends over time
Compare the number of loan closer jobs and the average loan closer salary over time.
Loan closer jobs over time
Loan closer job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 73,073 | 0.02% |
| 2020 | 63,144 | 0.02% |
| 2019 | 64,261 | 0.02% |
| 2018 | 67,728 | 0.02% |
| 2017 | 69,036 | 0.02% |
Average loan closer salary over time
Loan closer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $39,093 | $18.79 | +1.8% |
| 2024 | $38,403 | $18.46 | +1.9% |
| 2023 | $37,694 | $18.12 | +2.1% |
| 2022 | $36,910 | $17.75 | +1.1% |
| 2021 | $36,504 | $17.55 | +2.4% |
Loan closer jobs by state
The map below shows you the number of loan closer job openings in each state. The darker areas on the map show where loan closers earn the highest salaries across all 50 states.
Average salary: Job openings:
Most common states for loan closers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Arizona | 7,016,270 | 321 | 5% |
| 2 | Minnesota | 5,576,606 | 259 | 5% |
| 3 | Rhode Island | 1,059,639 | 53 | 5% |
| 4 | Delaware | 961,939 | 49 | 5% |
| 5 | North Dakota | 755,393 | 34 | 5% |
| 6 | Colorado | 5,607,154 | 232 | 4% |
| 7 | Utah | 3,101,833 | 121 | 4% |
| 8 | Iowa | 3,145,711 | 116 | 4% |
| 9 | Maine | 1,335,907 | 58 | 4% |
| 10 | South Dakota | 869,666 | 39 | 4% |
| 11 | Montana | 1,050,493 | 38 | 4% |
| 12 | District of Columbia | 693,972 | 28 | 4% |
| 13 | Vermont | 623,657 | 26 | 4% |
| 14 | Alaska | 739,795 | 26 | 4% |
| 15 | Wyoming | 579,315 | 23 | 4% |
| 16 | New Jersey | 9,005,644 | 247 | 3% |
| 17 | Washington | 7,405,743 | 199 | 3% |
| 18 | Tennessee | 6,715,984 | 169 | 3% |
| 19 | Alabama | 4,874,747 | 133 | 3% |
| 20 | Arkansas | 3,004,279 | 76 | 3% |
Most common cities for loan closers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Frankfort | 1 | 4% | $44,428 |
| 2 | Newtown | 1 | 4% | $41,600 |
| 3 | Maryville | 1 | 3% | $41,616 |
| 4 | Middletown | 1 | 2% | $41,377 |
| 5 | Delray Beach | 1 | 1% | $37,307 |
| 6 | Lansing | 1 | 1% | $38,976 |
| 7 | Southfield | 1 | 1% | $39,079 |
| 8 | Springfield | 1 | 1% | $40,235 |
| 9 | Fort Worth | 2 | 0% | $40,547 |
| 10 | Houston | 2 | 0% | $40,583 |
| 11 | Los Angeles | 2 | 0% | $48,553 |
| 12 | Chicago | 1 | 0% | $40,826 |
| 13 | Fort Wayne | 1 | 0% | $39,642 |
| 14 | Indianapolis | 1 | 0% | $39,006 |
| 15 | San Diego | 1 | 0% | $47,905 |
| 16 | Tampa | 1 | 0% | $37,790 |