Mortgage Banker Salary in 2026
Originate and process mortgage loans from application through closing.
Median Salary
$78,000
$6,500/mo
Entry Level
$45,000
starting pay
Senior Level
$125,000
experienced
Job Growth
0%
10-yr outlook
Mortgage Banker Overview
Originate and process mortgage loans from application through closing.
Education
Bachelor's Degree
Experience
2-4 years
Industry
Finance
Total Jobs (US)
280K
5-Year Growth
+15%
Category
Finance
Hourly Rate
$37.50/hr
Monthly Pay
$6,500
Mortgage Banker Salary Calculator
Adjust your state and experience level to see the estimated Mortgage Banker salary in your area.
Mid Career (5-9 yrs)
Estimated Mortgage Banker Salary
$98,000
$8,167/month · $3,769/biweekly · $47.12/hr
Mortgage Banker Salary Range
Salary distribution from entry-level to top earners in the Mortgage Banker field.
Entry-level Mortgage Bankers earn around $45,000, while the top 10% earn $150,000 or more.
Top Paying States for Mortgage Bankers
| State | Est. Median Salary | vs National |
|---|---|---|
| California | $92,000 | +$14,000 |
| New York | $90,000 | +$12,000 |
| Texas | $76,000 | $-2,000 |
| Florida | $76,000 | $-2,000 |
| Arizona | $76,000 | $-2,000 |
Top Paying Cities for Mortgage Bankers
| City | Est. Median Salary | vs National |
|---|---|---|
| New York | $92,000 | +$14,000 |
| Los Angeles | $87,000 | +$9,000 |
| Miami | $80,000 | +$2,000 |
| Houston | $77,000 | $-1,000 |
| Phoenix | $76,000 | $-2,000 |
Required Skills & Certifications
Key Skills
Certifications
Mortgage Banker Career Progression
Typical salary growth path for a Mortgage Banker from entry level to expert.
$45,000
0-2 years
$85,000
3-7 years
$125,000
8-14 years
$175,000
15+ years
Related Finance Jobs
Mortgage Banker Salary FAQ
Methodology & Data Sources — Mortgage Banker Salary
How we calculate Mortgage Banker salary data: Our figures combine BLS Occupational Employment and Wage Statistics (OEWS) for the national salary baseline, adjusted by cost-of-living multipliers from the C2ER Cost of Living Index. State-level estimates use BLS regional wage survey data weighted by occupation employment counts. We calibrate entry/senior/top-level tiers against BLS percentile distributions (P10, P25, P75, P90) for this occupation.
- National median salary: $78,000 — sourced from BLS OEWS for SOC code corresponding to Mortgage Banker in the Finance sector.
- Entry-level ($45,000) and senior-level ($125,000) figures reflect BLS P25 and P75 percentile wage estimates adjusted for experience.
- Job outlook: 0% projected growth through 2034, from BLS Employment Projections program. Approximately 280K total positions nationwide.
- 5-year salary growth: 15% over the past 5 years, derived from BLS Employment Cost Index for Finance sector wages.
- Education requirement: Bachelor's Degree, per BLS Occupational Outlook Handbook entry for this occupation.
- State-level estimates use BLS regional CPI-U data and OEWS metropolitan area wage surveys, normalized to the national median of $78,000.
Authoritative US data sources for Mortgage Banker compensation:
- BLS Occupational Employment and Wage Statistics (OEWS) — national and metro-area salary data
- BLS Occupational Outlook Handbook — Mortgage Banker job projections, education, and career outlook
- BLS Employment Projections — 10-year occupation growth and decline data
- BLS Employment Cost Index — quarterly compensation trend data for Finance
- BLS Consumer Price Index (CPI-U) — regional inflation for cost-of-living wage adjustments
- IRS Revenue Procedure 2025-32 summary — 2026 federal tax brackets and standard deductions
Disclaimer: Mortgage Banker salary figures are statistical estimates for general guidance. Actual compensation depends on employer, location, negotiation, specific skills (Loan Origination, Underwriting, Compliance), certifications, and industry conditions. Always verify with multiple sources including current job listings, recruiter data, and direct employer offers before making career decisions.
Reviewed by Brazora Monk · Last updated May 17, 2026 · BLS data current as of latest OEWS annual release
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