Texas Loan Officer Salary and Career Prospects

In Texas, loan officers can expect a median annual salary of around $65,000, according to data from the Bureau of Labor Statistics. This figure is based on the state's median annual salary for loan officers, which is higher than the national median.

To become a loan officer in Texas, you'll typically need to complete a minimum of 20 hours of pre-licensing education and pass a licensing exam. Some loan officers may also choose to obtain a mortgage broker's license, which requires additional education and training.

Loan officers in Texas can work in a variety of settings, including banks, credit unions, and mortgage companies. They often work on commission, which means their earnings can vary depending on the number of loans they originate.

The average salary for a loan officer in Texas can vary significantly depending on the city and location.

The average annual salary for a loan officer in Texas is around $172,052, according to data from Indeed. This is 12% below the national average.

You could earn as much as $427,263 per year as a loan officer in Texas, with the top 10% pulling in that amount.

In Dallas, the average salary for a mortgage loan originator is $172,052 per year, with an average commission of $11,750 per year.

The estimated total pay for a loan originator in the Texas area is around $213,077 per year, with an average salary of $144,656 per year.

In Houston, the average salary for a mortgage loan originator is around $68,653 per year, with an average bonus of $2,389 per year.

The average base salary for a loan officer is $41,935 (USD)/yr, according to data from Glassdoor.

You could earn as much as $190,185 per year as a loan officer in Texas, with a commission of $35,500 per year.

The average salary for a loan officer in Texas can vary widely depending on the city and employer. According to Indeed, the average Residential Mortgage Loan Originator salary in Texas is $50,292 as of October 27, 2022, but the range typically falls between $43,774 and $59,059.

Some loan officers in Texas can earn much higher salaries, with the average Loan Officer I salary in Texas estimated at $92,990 as of November 23, 2022, but the range typically falls between $61,360 and $111,830. In some cases, loan officers can earn six-figure paychecks, with the most highly compensated employee in a mortgage lender firm making twice as much as the president.

In terms of commission, loan officers can earn a significant amount based on the number of loans they originate. According to Indeed, you could make an annual commission of $20,400 as a loan officer in Texas, and some loan officers can earn up to 150 BPS (basis points) per loan.

A Mortgage Loan Originator (MLO) is an individual or entity that oversees the process of real estate loans from initiation to closing.

Mortgage Loan Originators work for a single institution, such as a bank or credit union, and are responsible for collecting and reviewing financial documents, matching applicants with compatible loan options, and ensuring a hassle-free closing with the underwriting department.

Mortgage Brokers, on the other hand, perform the same tasks as Mortgage Loan Originators but work for several lenders, giving applicants access to a range of lending products.

As a Mortgage Loan Originator, you can earn a stable paycheck and build a valuable book of business on the side to supplement your income.

A six-figure paycheck is not uncommon for mortgage loan officers in Texas.

Indeed estimates you could be pulling in a salary of $221,855 annually as a loan officer in Texas.

The cost of living in Texas is about 8% lower than the national average, making it one of the more affordable places to call home.

SimplyHired corroborates the above with some very encouraging numbers, estimating you could earn as much as $176,374 per year as a loan officer in TX, with the top 10% pulling in as much as $427,263.

Your paycheck could beat out senior mortgage underwriters, private bankers, and even branch managers.

In Dallas, TX, ZipRecruiter chimes in with a higher salary base, pinning your annual earnings as an MLO at $69,101, roughly translating to $37 per hour.

The average salary for a mortgage loan originator is $172,052 per year in Dallas, TX, with an average commission of $11,750 per year.

The estimated total pay for a Loan Originator is $153,640 per year in the Texas area, with an average salary of $93,935 per year.

A question we get asked all the time; Do mortgage loan officers get paid a commission? It depends on where you work.

Commissions are tallied according to Basis Points (BPS) per loan, with some loan officers making an average commission of 100 to 150 BPS even as a rookie loan officer.

The average loan originator salary in Texas is $80,000 per year or $41.03 per hour, with entry level positions starting at $57,000 per year.

The average Loan Officer I salary in Texas is $92,990 as of November 23, 2022, but the range typically falls between $61,360 and $111,830.

The estimated total pay for a MOrtgage Loan Originator is $213,077 per year in the Texas area, with an average salary of $144,656 per year.

Residential Mortgage Loan Officers in Texas can earn a salary that stacks up well against big professions like doctors and lawyers, with a yearly average of $70,771.

The top 10 best-paying cities in Texas for loan officers are the key to unlocking higher earnings, but even without location, loan officers can still earn a pretty lucrative position.

Indeed found that MLOs with a real estate broker license tend to earn 51.70% higher than the baseline salary, making it a valuable qualification to have.

In Dallas, TX, the average Residential Mortgage Loan Originator salary is $50,292 as of October 27, 2022, but the range typically falls between $43,774 and $59,059.

In Seguin, Texas, the estimated total pay for a Mortgage Loan Originator is $213,077 per year, with an average salary of $144,656 per year, making it one of the highest-paying cities in the state.

In Texas, the top 10 highest-paying cities for loan officers are a great place to start your career.

The average salary for a loan officer in Texas is estimated to be $221,855 annually, according to Indeed. However, salaries can vary widely depending on the city and many other important factors, including education, certifications, and experience.

The cost of living in Texas is about 8% lower than the national average, making it one of the more affordable places to call home. This, combined with high salaries, makes Texas a great location for loan officers.

In Dallas, TX, the average salary for a Mortgage Loan Originator is $69,101, roughly translating to $37 per hour, according to ZipRecruiter. Meanwhile, the same Salary.com survey places your average Mortgage Lender earnings in Dallas at $44,433.

In Houston, Texas, the average salary for a Mortgage Loan Originator is estimated to be around $68,653, with an average bonus of $2,389, according to The Economic Research Institute.

If you're looking to become a loan originator in Texas, you'll need to take pre-licensing classes. The average salary for a Specialist Commercial Loan Officer in Warrenton, Texas is $126,800 as of January 26, 2023.

The Texas Loan Originator Pre-Licensing Classes offered by Champions School can help you get started. Their 23-Hour RMLO Texas License Program costs $485, a $30 discount from the regular price of $515.

To get licensed, you'll need to complete a program that meets the state's requirements. The Champions Advantage option allows you to mix-and-match delivery methods to fit your needs.

As a loan officer in Texas, you can expect a pretty decent paycheck. The average salary for a loan officer in Texas is around $221,855 annually, according to Indeed.

The cost of living in Texas is about 8% lower than the national average, making it a more affordable place to call home. This means your salary can go further in Texas than it would in other parts of the country.

In terms of career prospects, the demand for loan officers is expected to spike as millennials buy their own homes and seek out credit. However, there may not be a huge opportunity for upward mobility, and your salary potential could hit a ceiling quickly.

As a loan officer in Texas, you can expect a bright career outlook with a growing demand for loan officers due to millennials buying homes and seeking credit.

The estimated total pay for a Loan Originator in Texas is $153,640 per year, with an average salary of $93,935 per year.

Your salary potential as a loan officer can hit a ceiling pretty quickly, but there are ways to proliferate it, such as taking on your own clients as a side hustle or starting your own MLO business.

The average salary for a mortgage loan originator in Dallas, TX is $172,052 per year, making it a lucrative career choice.

With a flexible schedule and the ability to work remotely, you can curate a work-life balance that suits your needs.

As a Loan Originator, you'll gain valuable insight into the real estate and financial industries while providing a much-needed service.

As of October 27, 2022, the average Residential Mortgage Loan Originator salary in Texas is $50,292.

The salary range typically falls between $43,774 and $59,059, varying widely depending on the city and other important factors.

In Dallas, TX, you could earn as much as $69,101 annually as an MLO, roughly translating to $37 per hour.

Salary ranges can vary widely depending on education, certifications, additional skills, and the number of years you have spent in your profession.

The average Loan Officer I salary in Texas is $92,990 as of November 23, 2022, but the range typically falls between $61,360 and $111,830.

In Dallas, TX, ZipRecruiter estimates your annual earnings as an MLO at $69,101, roughly translating to $37 per hour.

Your paycheck could beat out senior mortgage underwriters, private bankers, and even branch managers.

The average Mortgage Lender earnings in Dallas, as per Salary.com, is $44,433.

The Economic Research Institute estimates that your average salary as a Mortgage Loan Originator in Houston, Texas, could hover around the $68,653 mark.

You could even be looking at an average bonus of $2,389!

The average salary for a loan officer in Texas can vary significantly, but Indeed estimates it to be around $221,855 per year.

Salary ranges can vary widely depending on the city, with ZipRecruiter reporting an average salary of $69,101 in Dallas, Texas.

According to SimplyHired, the top 10% of loan officers in Texas can earn up to $427,263 per year.

Salary.com tempers these figures, estimating that loan officers can earn anywhere between $35,902 and $53,432 per year.

In Houston, Texas, The Economic Research Institute estimates the average salary for a mortgage loan originator to be around $68,653 per year, with a bonus of $2,389.

The average Residential Mortgage Loan Originator salary in Texas is $50,292, with a range of $43,774 to $59,059, according to Indeed.

The average loan originator salary in Texas is $80,000 per year or $41.03 per hour, according to PayScale.

Loan Officer I salaries in Texas can range from $61,360 to $111,830 per year, with an average salary of $92,990, according to Indeed.

The average loan originator salary in Seguin, Texas is $38,798 or $19 per hour, according to Glassdoor.

The estimated total pay for a Mortgage Loan Originator in the Texas area is $213,077 per year, with an average salary of $144,656 per year, according to Glassdoor.

The estimated total pay for a Loan Originator in the Texas area is $153,640 per year, with an average salary of $93,935 per year, according to an unknown source.

The average salary for a mortgage loan originator in Dallas, TX is $172,052 per year, with a commission of $11,750 per year, according to Mint.

The average annual salary for a Loan Officer at Texas Loan Star Inc is $54,881, which translates to approximately $26 per hour, according to Indeed.