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
Explore More Job Salaries
Compare salary data for hundreds of jobs across all industries. Find out what you should be earning.