What is the average salary of a mortgage loan originator?
No federal statistic isolates mortgage loan originators alone; the U.S. Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, with the lowest 10 percent earning less than $39,430 and the highest 10 percent earning more than $153,180. Private salary sites show a much wider spread for MLOs because many are paid largely on commission.
Mortgage loan originators in Alabama are typically paid on commission rather than a fixed salary, so annual earnings vary widely with loan volume. Commission is commonly calculated as a percentage of each loan's amount, and income depends on the number and size of loans closed rather than on a set pay rate.
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).
The Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, or $36.87 per hour. Earnings vary widely: the lowest 10% earned less than $39,430, while the highest 10% earned more than $153,180. Mortgage loan originators are typically paid on commission, so income depends on loan volume.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
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 percent earned less than $39,430, and the highest 10 percent earned more than $153,180.
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. Earnings range widely: the lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. Pay also varies by structure, since some loan officers earn a flat salary while others earn base salary plus commission per originated loan.
Sources: BLS OOH: Loan officers.
Average pay for mortgage loan originators varies widely, and no single Georgia figure applies. Most originators are paid largely on commission based on the loans they close, so annual earnings depend on loan volume, employer pay structure, and the interest-rate environment.
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).
National averages for mortgage loan officers and brokers run in the high five figures. Loan originators commonly earn a commission of 1% to 2% of the loan amount, so individual income varies with loan volume. Earnings depend on the loans an originator closes and on local market conditions.
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.
Loan officer pay varies widely by market and employer. Commissions commonly run 1% to 2% of the loan amount, so annual income depends on loan volume, commission structure, and the local market, and it changes 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.
Loan officers earned a median of $76,690 per year, or $36.87 per hour, in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned under $39,430 and the highest 10% earned over $153,180. Employment is projected to grow 1% from 2025 to 2035, with about 17,100 openings per year, mostly from workers leaving the occupation.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The median annual wage for loan officers was $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics, which counts mortgage loan originators within the broader loan officer occupation. Pay for originators is often tied to loan volume, so individual earnings vary widely. The Bureau projects about 1% employment growth for loan officers from 2025 to 2035.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The Bureau of Labor Statistics reports a national median annual wage of $76,690 for loan officers as of May 2025, equal to $36.87 per hour. Earnings vary widely: the lowest 10 percent earned under $39,430, while the highest 10 percent earned over $153,180. The same data show 283,000 loan officer jobs in 2025 and projected employment growth of 1 percent from 2025 to 2035.
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% earned under $39,430 and the highest 10% earned over $153,180. Loan officers held about 283,000 jobs in 2025, roughly 80% of them in credit intermediation such as banks, savings institutions, and mortgage companies.
Sources: Cape School — Maryland Mortgage Loan Originator Continuing Education (state requirements page).
The Bureau of Labor Statistics reported a median annual wage of $76,690 for loan officers in May 2025, or $36.87 per hour, with the lowest 10% earning under $39,430 and the highest 10% earning over $153,180. That figure covers loan officers nationwide rather than Michigan alone, and includes salaried positions.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The U.S. Bureau of Labor Statistics reports 2025 median pay for loan officers of $76,690 per year, or $36.87 per hour. Pay varies widely: the lowest 10% earned under $39,430, and the highest 10% earned over $153,180. Many loan originators earn a base salary or hourly wage plus commission per closed loan.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The median annual wage for loan officers was $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. Pay structures vary: some loan officers earn a flat salary, while others earn base salary plus commission per loan originated.
Sources: BLS OOH: Loan officers.
The median annual wage for loan officers, the occupation that includes mortgage loan originators, was $76,690 in May 2025, according to the Bureau of Labor Statistics. The Bureau projects about 17,100 loan officer openings per year from 2025 to 2035.
Sources: BLS OOH: Loan officers.
The median annual income for loan officers was $65,740 as of May 2022, according to Bureau of Labor Statistics data cited by the National Association of Realtors, and mortgage brokers typically earn a commission of 1% to 2% of the loan amount. Actual income varies with loan volume and commission structure.
Sources: NAR — What Is a Mortgage Broker?.
Nationally, loan officers earned a median annual wage of $76,690 as of May 2025, according to the Bureau of Labor Statistics, with the lowest 10% earning under $39,430 and the highest 10% above $153,180. Some are paid a flat salary and others earn base pay plus commission. Practitioner estimates place starting New York loan officers toward the lower part of that range, with experienced brokers earning more.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
North Carolina loan officers earn a median of $75,920 per year, 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 median annual wage for loan officers was $76,690 in May 2025, per the U.S. Bureau of Labor Statistics.
Sources: NC Careers — Occupation Profile (Loan Officers); BLS OOH: Loan officers.
North Dakota does not publish a state-specific salary figure for mortgage loan originators. Pay in the profession is typically commission-based, calculated as a percentage of each loan amount and often split with the broker, so earnings vary by employer, loan volume, and local market conditions. No figure for North Dakota is available from the Department of Financial Institutions.
Sources: NDCC Chapter 13-10: Mortgage Loan Originators (North Dakota Century Code); N.D. Admin. Code 13-08-01-01: Mortgage Loan Originator Fees.
In Oklahoma, the mortgage broker license is a company-level license issued by the Department of Consumer Credit through NMLS. The company must designate a licensed mortgage loan originator to oversee operations, and anyone acting as an MLO must hold the individual license. DOCC can issue the company license within 60 days after it receives the complete application and all fees.
Sources: Oklahoma DOCC: Mortgage Loan Originator license page.
National wage data for loan officers from the Bureau of Labor Statistics (May 2023) shows a median annual wage of $69,990 and a mean annual wage of $84,490. The 90th percentile earned $139,470. No Rhode Island state-level estimate appears on that page, but the Norwich-New London-Westerly, Connecticut-Rhode Island metro area, the only listed metro spanning into Rhode Island, shows 150 loan officers with a mean annual wage of $120,070.
Sources: BLS OEWS: Loan Officers (13-2072), May 2023.
Loan officers in Texas earned a median annual wage of $66,374 in 2025, according to the Texas Workforce Commission, with a statewide median hourly rate of $31.91 versus $36.87 nationally. The commission projects statewide loan officer employment of 24,919 by 2034, up from 22,844 in 2024.
Sources: Texas Career Check — Loan Officers occupation summary (Texas Workforce Commission).
The U.S. Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025. Pay varies widely because many mortgage loan originators earn commission on the loans they close.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The Bureau of Labor Statistics reports a median wage of $76,690 per year ($36.87 per hour) for loan officers as of May 2025. Earnings spread widely, from $39,430 at the 10th percentile to $153,180 at the 90th. Most mortgage loan originators work on commission, commonly 1% to 2% of the loan amount, often split with the broker.
Sources: BLS OOH: Loan Officers.
Mortgage loan originators are commonly paid by commission, typically 1% to 2% of the loan amount, so income rises and falls with loan volume rather than a fixed salary. National averages place loan officers somewhat below mortgage brokers. West Virginia requires a license for anyone who takes residential mortgage applications or negotiates loan terms for compensation or the expectation of it.
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).
The U.S. Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025. The lowest-earning 10% made under $39,430, and the highest-earning 10% made over $153,180. Loan officers held about 283,000 jobs in 2025.
Sources: BLS OOH: Loan officers.
Bureau of Labor Statistics data from May 2023 show a national median annual wage of $69,990 for loan officers, with a mean of $84,490. Earnings vary widely: the 10th percentile earned $37,020 while the 90th percentile earned $139,470. In the non-bank lending sector where state-licensed mortgage loan originators typically work, loan officers earned an annual mean of $80,010.
Sources: BLS OEWS: Loan Officers (13-2072), May 2023.