What is the entry-level salary of a mortgage broker?

No official statistic exists for entry-level mortgage broker pay. Brokers are typically paid a commission of 1% to 2% of each loan amount, so first-year earnings depend on the number and size of loans closed. For context, 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 less than $39,430.

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