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.
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
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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.