How much does a mortgage banker make?

A mortgage banker is a loan officer who works for the institution that funds the mortgage, so federal wage data groups the role with loan officers overall. Loan officers earned a median of $76,690 per year as of May 2025, according to the Bureau of Labor Statistics, and mortgage bankers are typically paid a salary or hourly wage plus commission on each closed loan. The lowest 10% of loan officers earned less than $39,430, and the highest 10% earned more than $153,180.

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