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Loan originator salary
Average loan originator salary
$41,291
Understanding Loan Originator Salaries
The salary for a loan originator can vary greatly based on several factors, including geographic location, years of experience, and the specific lending institution. According to current data, the average annual salary stands at $41,291, with entry-level positions typically starting lower and experienced professionals earning significantly more.
Salary by Experience Level
Entry-level loan originators may earn around $30,000 annually, while those with several years of experience can see salaries rise to $60,000 or more. Additionally, commission structures may enhance overall earnings, particularly in high-volume markets.
Top-Paying States
Certain states offer higher salaries for loan originators. For example, states like California and New York are known for their competitive compensation packages. Understanding regional salary differences can help you target your job search effectively.
Conclusion
As the demand for loan originators remains strong, exploring job opportunities in various states can increase your earning potential. Stay informed about trends in the mortgage industry to maximize your career growth.
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Where can a Loan Originator earn more?
Loan originator salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level loan originator | $26,900 | $12.91 |
| Mid-level loan originator | $44,200 | $21.24 |
| Senior-level loan originator | $78,900 | $37.92 |
Loan originator salary estimates from across the web
Average loan originator salary by state
The highest-paying states for loan originators are South Dakota, New Mexico, and Arkansas. The lowest average loan originator salary states are Nevada, Delaware, and Indiana.
- State view
- County view
Highest paying states for loan originators
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | South Dakota | $52,253 | $25.12 |
| 2 | Wyoming | $45,916 | $22.07 |
| 3 | Maine | $49,762 | $23.92 |
| 4 | Rhode Island | $47,146 | $22.67 |
| 5 | Minnesota | $46,856 | $22.53 |
| 6 | Florida | $46,593 | $22.40 |
| 7 | Arkansas | $50,713 | $24.38 |
| 8 | Montana | $45,218 | $21.74 |
| 9 | New Mexico | $51,279 | $24.65 |
| 10 | New Jersey | $48,756 | $23.44 |
| 11 | Iowa | $43,640 | $20.98 |
| 12 | Vermont | $46,011 | $22.12 |
| 13 | Hawaii | $48,138 | $23.14 |
| 14 | North Dakota | $43,665 | $20.99 |
| 15 | New York | $49,692 | $23.89 |
| 16 | Colorado | $43,351 | $20.84 |
| 17 | Pennsylvania | $43,550 | $20.94 |
| 18 | Texas | $41,861 | $20.13 |
| 19 | Washington | $43,864 | $21.09 |
| 20 | Ohio | $40,250 | $19.35 |
| 21 | Michigan | $41,507 | $19.96 |
| 22 | Maryland | $44,136 | $21.22 |
| 23 | Oregon | $44,095 | $21.20 |
| 24 | California | $43,120 | $20.73 |
| 25 | Nebraska | $42,334 | $20.35 |
| 26 | South Carolina | $39,572 | $19.02 |
| 27 | Connecticut | $43,632 | $20.98 |
| 28 | New Hampshire | $42,794 | $20.57 |
| 29 | West Virginia | $40,348 | $19.40 |
| 30 | Kentucky | $40,215 | $19.33 |
| 31 | Illinois | $41,162 | $19.79 |
| 32 | Missouri | $39,853 | $19.16 |
| 33 | Massachusetts | $42,280 | $20.33 |
| 34 | Oklahoma | $41,026 | $19.72 |
| 35 | Kansas | $40,473 | $19.46 |
| 36 | Arizona | $37,376 | $17.97 |
| 37 | North Carolina | $39,853 | $19.16 |
| 38 | District of Columbia | $43,888 | $21.10 |
| 39 | Alaska | $35,997 | $17.31 |
| 40 | Virginia | $40,810 | $19.62 |
| 41 | Idaho | $36,419 | $17.51 |
| 42 | Wisconsin | $38,287 | $18.41 |
| 43 | Tennessee | $36,505 | $17.55 |
| 44 | Georgia | $37,837 | $18.19 |
| 45 | Delaware | $34,693 | $16.68 |
| 46 | Utah | $33,542 | $16.13 |
| 47 | Nevada | $35,125 | $16.89 |
| 48 | Mississippi | $32,189 | $15.48 |
| 49 | Louisiana | $37,383 | $17.97 |
| 50 | Alabama | $33,138 | $15.93 |
| 51 | Indiana | $34,317 | $16.50 |
Highest paying cities for loan originators
The highest-paying cities for loan originators are New York, NY, Fort Lee, NJ, and Urban Honolulu, HI.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $49,830 | $23.96 |
| 2 | Fort Lee, NJ | $49,068 | $23.59 |
| 3 | Urban Honolulu, HI | $48,139 | $23.14 |
| 4 | Fort Myers, FL | $46,830 | $22.51 |
| 5 | Bloomington, MN | $46,745 | $22.47 |
| 6 | Lake Oswego, OR | $44,144 | $21.22 |
| 7 | Bellevue, WA | $43,910 | $21.11 |
| 8 | Denver, CO | $43,351 | $20.84 |
| 9 | Manchester, NH | $42,788 | $20.57 |
| 10 | Irvine, CA | $42,671 | $20.51 |
| 11 | Boston, MA | $42,284 | $20.33 |
| 12 | Houston, TX | $42,029 | $20.21 |
| 13 | Troy, MI | $41,651 | $20.02 |
| 14 | Chicago, IL | $41,223 | $19.82 |
| 15 | Raleigh, NC | $40,117 | $19.29 |
| 16 | Dublin, OH | $39,978 | $19.22 |
| 17 | Myrtle Beach, SC | $39,733 | $19.10 |
| 18 | Alpharetta, GA | $37,872 | $18.21 |
| 19 | Baton Rouge, LA | $37,498 | $18.03 |
| 20 | Glendale, AZ | $37,384 | $17.97 |
Loan originator salary details
A loan originator's salary ranges from $28,000 a year at the 10th percentile to $60,000 at the 90th percentile.
What is a loan originator's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $60,000 | $5,000 | $29 |
| 75th Percentile | $50,000 | $4,167 | $24 |
| Average | $41,291 | $3,441 | $20 |
| 25th Percentile | $33,000 | $2,750 | $16 |
| 10th Percentile | $28,000 | $2,333 | $13 |
Highest paying loan originator jobs
The highest paying types of loan originators are bank officer, commercial loan officer, and personal lines underwriter.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
| Mortgage Banker | $27,331 | $2,278 | $13.14 | 24,297 |
| Personal Lines Underwriter | $69,706 | $5,809 | $33.51 | 19,754 |
| Commercial Loan Officer | $70,876 | $5,906 | $34.07 | 91,582 |
| Bank Officer | $79,562 | $6,630 | $38.25 | 69,880 |
Top companies hiring loan originators now:
Which companies pay loan originators the most?
Loan originator salaries at Centennial Bank and Cardinal Financial are the highest-paying according to our most recent salary estimates. In addition, the average loan originator salary at companies like D.R. Horton and Citywide Mortgage are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Home Bancshares Inc. | $47,792 | $22.98 |
| 2 | Cardinal Financial | $46,132 | $22.18 |
| 3 | D.R. Horton | $45,731 | $21.99 |
| 4 | Citywide Mortgage | $45,118 | $21.69 |
| 5 | Pima Federal Credit Union | $44,853 | $21.56 |
| 6 | Symetra | $44,809 | $21.54 |
| 7 | FARMERS INTERNATIONAL | $43,695 | $21.01 |
| 8 | A/E Graphics | $43,565 | $20.94 |
| 9 | Ameri-First Financial | $43,542 | $20.93 |
| 10 | Cross River | $43,442 | $20.89 |
| 11 | Direct Mortgage, Inc. | $43,389 | $20.86 |
| 12 | United Community Bank | $43,321 | $20.83 |
| 13 | Hilltop Holdings | $42,705 | $20.53 |
| 14 | America First Credit Union | $42,561 | $20.46 |
| 15 | AmeriSave Mortgage | $42,453 | $20.41 |
| 16 | Triad Financial Sm Llc | $42,325 | $20.35 |
| 17 | Randstad North America, Inc. | $42,199 | $20.29 |
| 18 | Alaska USA | $42,175 | $20.28 |
| 19 | Robert Half | $41,975 | $20.18 |
| 20 | 1st MidAmerica Credit Union | $41,224 | $19.82 |
Wage gap by gender, race and education
Loan originator salary trends
The average loan originator salary has risen by $3,828 over the last ten years. In 2014, the average loan originator earned $37,463 annually, but today, they earn $41,291 a year. That works out to a 0% change in pay for loan originators over the last decade.
Compare loan originator salaries for cities or states with the national average over time.
Average loan originator salary over time
Compare loan originator salaries for individual cities or states with the national average.
Loan originator salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $41,300 | $19.85 | +1.1% |
| 2025 | $40,800 | $19.64 | +0.4% |
| 2024 | $40,700 | $19.57 | -2.6% |
| 2023 | $41,700 | $20.07 | +1.6% |
| 2022 | $41,100 | $19.76 | +0.3% |
Recently added loan originator salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Get It-Real Estate | Loan Originator-Remote | WFH | Philadelphia, PA | 06/29/2025 | $41,740 |
| Commerce Bancshares | Community Home Loan Originator | Kansas City, MO | 06/28/2025 | $60,210 |
| Wintrust Financial Corp | Loan Originator-(North Region IL & WI) | Madison, WI | 06/24/2025 | $31,305 |
| Wintrust Financial Corp | Loan Originator | Raleigh, NC | 06/24/2025 | $31,305 |
| Wintrust Mortgage, a Division of BBT | Loan Originator | Raleigh, NC | 06/24/2025 | $31,305 |
| 1St. Midamerica | Consumer Loan Originator 1 | East Alton, IL | 06/16/2025 | $35,479 |
| Wintrust Mortgage, a Division of BBT | Consumer Direct Loan Originator | San Diego, CA | 06/16/2025 | $42,157 |
| Wintrust Financial Corp | Consumer Direct Loan Originator | San Diego, CA | 06/14/2025 | $42,157 |
| Hilltop Holdings | Loan Originator NE | Denver, CO | 06/10/2025 | $38,171 |
| Hilltop Holdings | Loan Originator NE | Rochester, MN | 06/10/2025 | $23,228 |
Loan originator salary FAQs
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