How Much Do Home Loan Advisors Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary home loan advisors make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for home loan advisors and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of home loan advisors are offering as compensation.
Keep reading to learn more about how much home loan advisors can expect to make in the United States.
At a Glance: Salary & Jobs for Home Loan Advisors
According to data from 2023, there were about 33,132 positions for home loan advisors in the United States. In terms of salary, the national median salary for home loan advisors was reported to be $48,568. Additionally, when examining job demand, employers across the country posted 5,594 job postings related to positions for home loan advisors.
How Much Money Do Home Loan Advisors Make?
Median salary is just one data point. To build a better understanding of how much money home loan advisors and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for home loan advisors.
Annual Salary for Home Loan Advisors
According to the BLS, the lowest earners for home loan advisors and related professions earned about $37,461 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $75,026 annually.
As mentioned previously, the median salary for home loan advisors in the United States in 2023 was $48,568.
Annual Salary Range For Home Loan Advisors In 2023
Hourly Salary for Home Loan Advisors
The BLS also breaks down compensation for home loan advisors by hourly salary, and the median average hourly pay for home loan advisors in 2023 was $23. Lowest hourly earners took home $18 while the highest reported hourly salaries for home loan advisors was $36.
Hourly Salary Range For Home Loan Advisors In 2023
Advertised Compensation for Home Loan Advisors
Data from the BLS is one way to dig into compensation for home loan advisors, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for home loan advisors.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Home Loan Advisors
Advertised Annual Salary
During a review of 6,807 job postings related to home loan advisors, advertised salary was included in 2,110 of them, which was 31%. Based on those postings, the median advertised salary for home loan advisors was $49,536 per year.
Hourly Salary from Job Postings for Home Loan Advisors
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for home loan advisors. Based on 38% of postings with advertised compensation, the median hourly salary for open positions for home loan advisors in the United States is about $24.
Salary Trend for Home Loan Advisors
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for home loan advisors. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for home loan advisors dating back to September 2020, advertised salaries for home loan advisors have increased 29%.
Advertised Wage Trend For Home Loan Advisors
What's the Job Growth for Home Loan Advisors?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for home loan advisors over the next 10 years.
According to the data obtained through Lightcast,™ there were 33,069 jobs for home loan advisors in the United States in 2023. By 2033, it is expected that about 2,928 jobs will be added. That's a 8.9% increase over the next 10-year period.
Employment Projections For Home Loan Advisors
Additional Links
Ready to dig deeper into career information about home loan advisors? Visit our other pages focused on salary and education for home loan advisors.
What do home loan advisors do?
Home Loan Advisors: How do you become one?
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