How much does a mortgage broker make?
The Bureau of Labor Statistics groups mortgage brokers with loan officers, who earned a median of $76,690 per year ($36.87 per hour) in May 2025. Brokers are typically paid a commission or fee per closed loan, commonly around 1% to 2% of the loan amount, paid by either the borrower or the lender. Actual earnings vary widely with loan volume, location, and pay structure.
Mortgage broker pay varies widely because it is largely commission-based; brokers typically earn roughly 0.5% to 2.5% of the loan amount on loans they close. Income depends on loan volume, local market activity, and how the broker's compensation is structured, so there is no fixed state figure for Alabama.
Sources: Alabama Banking Dept: SAFE Mortgage Licensing Act text (PDF) — Code of Ala. Title 5, Chapter 26; Alabama Banking Dept: Alabama Mortgage Brokers Licensing Act (Code of Ala. 5-25) text (PDF).
No state agency sets mortgage broker pay in Arizona. Most loan officers earn commission, so income depends on loan volume, employer, and experience, and it varies widely from one professional to the next.
Sources: A.R.S. 6-991.03: Loan originator licensing; renewal; qualifications; application; fees; A.R.S. 6-991.04: Issuance of LO license; employer notice; renewal; inactive status; address change; fee.
Nationally, loan officers earned a median annual wage of $76,690 in May 2025, according to the Bureau of Labor Statistics, with the top 10% earning more than $153,180. Mortgage brokers are commonly paid on commission, typically a loan origination fee of about 1% of the mortgage amount, due at closing. Borrowers may also roll the fee into the loan, in exchange for a higher interest rate.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, and mortgage loan officers fall within this occupational group. Earnings at the high end of the field exceeded $153,180, while those at the lower end were below $39,430. Loan officers held about 283,000 jobs in 2025.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Federal data does not break out a Florida figure, but the Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, with the lowest 10% earning under $39,430 and the highest 10% earning over $153,180. Compensation varies: some loan officers receive a flat salary, while others earn a base salary plus commission per originated loan. Broker income depends heavily on loan volume and commission structure.
Sources: BLS OOH: Loan officers.
Mortgage brokers and loan officers are typically paid on commission. Loan originators commonly earn 1% to 2% of the loan amount, so income varies with the volume and size of the loans closed. National averages for both roles run in the high five figures, and pay varies by market and employer.
Sources: NMLS: Idaho state-specific PE and CE requirements for MLOs; Idaho DOF Guidance Statement 2020-01-CFB: financial responsibility/fitness of MLOs and key individuals.
Mortgage brokers commonly earn commissions of 1% to 2% of the loan amount, so annual income varies with loan volume and the employer's commission structure. Earnings also differ by market and from year to year.
Sources: Indiana DFI: MLO FAQ (updated 08/26/2025); NMLS: Indiana (IN - DFI) state-specific PE and CE requirements for MLOs.
The U.S. Bureau of Labor Statistics reported a median annual wage of $76,690 for loan officers in May 2025, or $36.87 per hour. The lowest 10% earned under $39,430, and the highest 10% earned over $153,180. About 80% of loan officers worked in credit intermediation and related activities, such as banks and mortgage companies.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Broker income varies widely with loan volume and market conditions. The U.S. Bureau of Labor Statistics (BLS) reports a median annual wage of $76,690 for loan officers as of May 2025. Pay is often commission-based, generally 1% to 2% of each loan's value, with broker commissions sometimes reaching about 3%.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025. The lowest 10 percent earned under $39,430, and the highest 10 percent earned over $153,180. Income varies with employer, loan volume, and commission arrangements.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The U.S. Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025. The lowest 10% earned under $39,430, and the highest 10% earned over $153,180. Loan officers held about 283,000 jobs in 2025, with roughly 80% working in credit intermediation such as banks, savings institutions, and mortgage companies.
Sources: Cape School — Maryland Mortgage Loan Originator Continuing Education (state requirements page).
The U.S. Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, or $36.87 per hour. The lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. Employment is projected to grow 1% from 2025 to 2035, with about 17,100 openings per year, mostly from replacement needs.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Earnings vary widely across the field. The U.S. Bureau of Labor Statistics reported 2025 median pay for loan officers of $76,690 per year ($36.87 per hour), with the lowest 10% earning under $39,430 and the highest 10% earning over $153,180. Loan officer pay may be structured as salary, hourly wages, or commission, often a base plus commission per closed loan.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Loan officers nationwide earned a median annual wage of $76,690 in May 2025, according to the Bureau of Labor Statistics. The lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. Mortgage brokers and loan originators in Nebraska fall within this loan-officer group.
Sources: BLS OOH: Loan officers.
The Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025. The occupation held about 283,000 jobs in 2025, with about 17,100 openings projected per year and 1% projected employment growth from 2025 to 2035. About 80% of loan officers work in credit intermediation, including commercial banks, savings institutions, and mortgage companies.
Sources: BLS OOH: Loan officers.
Mortgage broker income in New Jersey varies with loan volume, since brokers typically earn loan origination fees that commonly run 1% to 2% of the loan amount. How much a broker earns depends on how many loans they close and on the compensation their sponsoring lender or broker permits.
Sources: NJ DOBI: Mortgage Loan Originator license requirements; NJ DOBI: New Jersey-specific requirements for new MLO applicants.
According to Bureau of Labor Statistics data cited by the National Association of Realtors, the average mortgage broker salary is about $85,190, and median loan officer income was $65,740 as of May 2022. Brokers typically earn a commission of 1% to 2% of the loan amount, which may be paid by the borrower, the lender, or both.
Sources: NAR — What Is a Mortgage Broker?.
Loan officers nationally earned a median of $76,690 in May 2025, or $36.87 an hour, according to the U.S. Bureau of Labor Statistics; the lowest 10% earned under $39,430 and the highest 10% over $153,180. Brokers paid by commission commonly earn an origination fee of 1% to 2% of each loan amount. Employment of loan officers is projected to grow 1% from 2025 to 2035.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Loan officers in North Carolina earned a median annual wage of $75,920, with the 10th percentile at $43,270 and the 90th percentile at $130,480, according to the state's NC Careers occupation profile. Nationally, the Bureau of Labor Statistics reported a median annual wage of $76,690 for loan officers in May 2025.
Sources: NC Careers — Occupation Profile (Loan Officers); BLS OOH: Loan officers.
Mortgage broker income comes mainly from commissions, commonly 1% to 2% of each loan's amount, often shared with the loan officers who originate the loans. Because pay scales with loan volume and local home prices, annual earnings vary widely by market and role.
Sources: NDCC Chapter 13-10: Mortgage Loan Originators (North Dakota Century Code); N.D. Admin. Code 13-08-01-01: Mortgage Loan Originator Fees.
Federal wage data for loan officers (May 2023) shows a national median annual wage of $69,990 and a mean of $84,490, with the 90th percentile at $139,470. The only metro area in that data reaching into Rhode Island, Norwich-New London-Westerly, CT-RI, employs about 150 loan officers at a mean annual wage of $120,070. Most entry-level mortgage loan originator positions are commission-based.
Sources: BLS OEWS: Loan Officers (13-2072), May 2023.
Mortgage broker income is not tracked separately in the supplied data, but the Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025. The lowest 10 percent earned under $39,430, and the highest 10 percent earned over $153,180. Loan officers held about 283,000 jobs in 2025.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, with earnings between $39,430 at the 10th percentile and $153,180 at the 90th. Compensation is frequently commission-based: mortgage loan originators commonly earn 1% to 2% of the loan amount, often split with the broker. Actual income varies with loan volume, commission structure, and market conditions.
Sources: BLS OOH: Loan Officers.
Mortgage broker pay is typically commission-based, commonly 1% to 2% of each loan's amount, so annual income depends on loan volume and loan size rather than a fixed salary. Earnings vary widely with the local housing market and the broker's share of each commission, and national averages place mortgage brokers somewhat above loan officers.
Sources: W. Va. Code 31-17A-4: State license application and issuance (SAFE Mortgage Licensing Act); W. Va. Code 31-17A-5: Issuance of license (required findings).
In Wisconsin, a mortgage broker is a company-level license, so the closest earnings data covers loan officers. The U.S. Bureau of Labor Statistics reported a median annual wage of $76,690 for loan officers in May 2025, with the lowest 10% earning under $39,430 and the highest 10% earning over $153,180. The agency projects about 17,100 openings per year through 2035.
Sources: BLS OOH: Loan officers.
Nationally, loan officers earned a median annual wage of $69,990 and a mean of $84,490 in May 2023, according to the U.S. Bureau of Labor Statistics. Those in nondepository credit intermediation, the non-bank sector where state-licensed originators typically work, earned a mean of $80,010.
Sources: BLS OEWS: Loan Officers (13-2072), May 2023.