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Banking Loan Closer Salary in the United States
How much does a Banking Loan Closer make in the United States?
$50,163 (USD)/year
Average Bonus
$1,058 (USD)
per Year
Total Compensation
$50,659.44
Entry Level
$37,458
Median
$49,601
Senior Level
$55,949
As of July, 23, 2026, the average banking loan closer gross salary in United States is $50,163 or an equivalent hourly rate of $24. In addition, banking loan closers earn an average bonus of $1,058. An entry level banking loan closer with 1-3 years of experience earns an average salary of $37,458. At the higher end of the pay range, a senior level banking loan closer with 8+ years of experience earns an average salary of $55,949. Salary estimates are based on salary survey data collected directly from employers in United States.
Data powered by ERI
Salary Potential for a Banking Loan Closer
Explore the estimated salary growth for a Banking Loan Closer in the United States for up to 5 years. The estimated salary of a Banking Loan Closer will be $51,462 in 1 year and $57,006 in 5 years.
View Salary by Year
Estimated Salary
$52,796
Average Growth
5.2 %
The estimated salary for a Banking Loan Closer in 2 years is $52,796, which is 5.2 % average growth. This information is based on ERI's compensation database.
Typical Banking Loan Closer Education
This chart displays the highest level of education for Banking Loan Closers.
- 0% of Banking Loan Closers have less than a High School Diploma
- 8% of Banking Loan Closers have a High School Diploma
- 15% of Banking Loan Closers have an Associate's Degree
- 46% of Banking Loan Closers have a Bachelor's Degree
- 31% of Banking Loan Closers have a Master's Degree
- 0% of Banking Loan Closers have a Doctorate Degree
The typical field of study for a Banking Loan Closer is Banking and Financial Support Services.
See how education can impact your salaryPopular Skills for a Banking Loan Closer
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Banking Loan Closer Salaries in Other Locations
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Frequently Asked Questions
What does a Banking Loan Closer do?
Prepares papers and assembles documents to close loans for borrowers. Forwards applications for loans, construction plans, and credit ratings to loan company for approval. Receives approval of company and orders preliminary title reports and covenants. Draws up closing papers showing financial transactions, conditions, and restrictions upon which sale is based.
How much does a Banking Loan Closer make in the United States?
The average salary for a Banking Loan Closer is $50,163 per year or $24.12 per hour in the United States. Top earners have reported making up to $55,949. However, the typical pay range in the United States is between $37,458 and $55,949 annually.
What is the salary trajectory for a Banking Loan Closer?
Banking Loan Closer is projected to see a 13.6 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Banking Loan Closer salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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