How much does a mortgage broker make on a single loan?
A mortgage broker typically earns 1% to 2% of the loan amount on a single loan, paid as an origination fee by the borrower or the lender, but not both. Federal law prohibits the commission from varying based on the terms of the mortgage, such as the interest rate. Some brokers charge a flat fee instead, and brokers must be licensed and disclose their fees upfront.
Mortgage brokers and loan officers commonly earn a commission of roughly 0.5% to 2.5% of the loan amount, so pay on a single loan varies with the loan size and the compensation arrangement with the lender. The specific amount depends on the transaction and the broker's agreements.
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).
Mortgage brokers are typically paid a loan origination fee of about 1% of the mortgage amount, due at closing, and buyers can sometimes roll the fee into the loan at the cost of a higher rate. Compensation is often commission-based. Across the United States, loan officers earned a median of $76,690 per year as of May 2025, per the Bureau of Labor Statistics.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
There is no fixed amount. Mortgage loan officers commonly earn a commission of 1% to 2% of the loan amount, so compensation on a single loan depends on the loan's size and the pay plan set by the broker or lender.
Sources: Ga. Comp. R. & Regs. 80-11-5: Mortgage loan originator licensure and other requirements; Ga. Comp. R. & Regs. 80-5-1-.02: License and supervision fees (LII mirror).
Mortgage loan originators commonly earn a commission of 1% to 2% of the loan amount, so earnings on a single loan scale with the loan's size. Compensation varies by employer and loan type.
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 loan officers commonly earn a commission of 1% to 2% of the loan amount, so pay on a single loan scales with the loan's size. What you actually receive on a given loan depends on your employer's compensation plan and commission split.
Sources: Indiana DFI: MLO FAQ (updated 08/26/2025); NMLS: Indiana (IN - DFI) state-specific PE and CE requirements for MLOs.
Brokers on a single loan are typically paid a commission calculated as a percentage of the loan amount. Commissions for mortgage loan originators generally run 1% to 2% of the loan's value, and broker commissions can reach about 3% on some loans. Actual pay varies by lender, loan type, and market conditions.
Sources: KRS 286.8-255: Registration with department required for mortgage loan originator; renewals; CE; background checks; minimum standards; KRS 286.8-260: Continuing professional education required for persons registered under subtitle.
Compensation varies by loan and by fee arrangement, but loan origination fees commonly run 1% to 2% of the loan amount. A broker's earnings on a single loan therefore depend on the loan size and the fees the borrower agrees to pay.
Sources: NJ DOBI: Mortgage Loan Originator license requirements; NJ DOBI: New Jersey-specific requirements for new MLO applicants.
Mortgage brokers commonly earn a commission of 1% to 2% of the loan amount on a single loan, according to the National Association of Realtors and Investopedia. Origination fees in that range may be paid by the borrower, the lender, or both.
Sources: NMLS: New Mexico state-specific PE and CE requirements for MLOs; New Mexico FID: FAQs (mortgage loan companies and originators).
Mortgage brokers commonly earn an origination fee of 1% to 2% of the loan amount on a closed loan, paid by the borrower, the lender, or both. Brokers may also negotiate with lenders to waive application, appraisal, origination, and other fees for the borrower.
Sources: N.Y. Banking Law § 590: Definitions; registration required; N.Y. Banking Law § 591-a: Application to register as a mortgage broker; fees.
Mortgage loan officers commonly earn a commission of 1% to 2% of the loan amount, often split with the broker, so the dollar amount earned on a single loan scales with the loan's size and the compensation arrangement with the employer.
Sources: NDCC Chapter 13-10: Mortgage Loan Originators (North Dakota Century Code); N.D. Admin. Code 13-08-01-01: Mortgage Loan Originator Fees.
Mortgage loan officers commonly earn a commission of 1% to 2% of the loan amount, typically split with the broker or lender. In Rhode Island, loan officers must be paid as W-2 employees of a single licensed mortgage broker or lender, so compensation flows through that employer rather than directly from the borrower.
Sources: NMLS: Rhode Island state-specific PE and CE requirements for MLOs; 230-RICR-40-10-2: Lenders, Loan Brokers, Small Loan Lenders, Third-Party Loan Servicers and Mortgage Loan Originators (RI DBR regulation).
Compensation is not fixed by Vermont law. Mortgage loan officers commonly earn a commission on each loan, often split with the broker. Before taking fees from a borrower or at application, a Vermont broker must use a broker-borrower contract approved by the Commissioner, which governs what the borrower pays.
Sources: 8 V.S.A. 2102: Application for license; application and license fees; 8 V.S.A. 2103: Approval of application and issuance of license.
Pay on a single loan varies, but mortgage loan officers commonly earn a commission of 1% to 2% of the loan amount, often split with the broker. For overall earnings context, the U.S. Bureau of Labor Statistics reports a median wage for loan officers of $76,690 per year as of May 2025.
Sources: BLS OOH: Loan Officers.
Compensation on a single loan is typically commission based. Loan officers commonly earn commission of 1% to 2% of the loan amount, so the exact figure on any one loan varies with its size. Brokerage earnings likewise scale with the volume of loans originated over the year.
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).