Mortgage Broker Salary (2025)
Mortgage brokers connect borrowers with lenders for home loans.
The median Mortgage Broker salary is $67,000 per year ($32/hour). Entry-level Mortgage Brokers earn around $42,000 while experienced Mortgage Brokers earn $115,000 or more annually.
Mortgage broker salaries vary significantly due to factors like experience, specialization, and location. Senior brokers typically earn up to $115,000, while entry-level positions start around $42,000. Specializations in areas like commercial mortgages or luxury real estate can command higher salaries, with brokers in high-cost living regions, such as California or New York, often earning more than the median $67,000.
AI-generated insight based on BLS data · For reference only
Salary Range
Median: $67,000 — positioned between entry and senior
Top Paying States for Mortgage Brokers
| State | Est. Annual Salary | vs. National |
|---|---|---|
| Hawaii | $95,000 | +42% |
| California | $92,000 | +37% |
| New York | $86,000 | +28% |
| Alaska | $84,000 | +25% |
| Massachusetts | $84,000 | +25% |
| New Jersey | $80,000 | +19% |
| Connecticut | $79,000 | +18% |
| Washington | $77,000 | +15% |
Estimates based on cost-of-living index adjustments. Actual salaries vary by employer and experience.
How to Become a Mortgage Broker
Most Mortgage Broker positions require: High school diploma + NMLS license. Salaries typically increase significantly with experience and specialization.
Mortgage Broker Salary by State
Related Careers in Business
People Also Search For
Frequently Asked Questions
What is the average Mortgage Broker salary?
The median Mortgage Broker salary is $67,000 per year, which works out to approximately $32/hour based on a 40-hour work week.
How much does an entry-level Mortgage Broker make?
Entry-level Mortgage Brokers typically earn around $42,000 per year. Salaries grow significantly with experience and specialization.
What is a senior Mortgage Broker's salary?
Experienced Mortgage Brokers can earn up to $115,000 or more annually depending on location, employer, and specialization.
What education is required to become a Mortgage Broker?
Most Mortgage Broker positions require: High school diploma + NMLS license.