How Much Do Home Lending 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 lending 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 lending 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 lending advisors are offering as compensation.
Keep reading to learn more about how much home lending advisors can expect to make in the United States.
At a Glance: Salary & Jobs for Home Lending Advisors
According to data from 2023, there were about 321,457 positions for home lending advisors in the United States. In terms of salary, the national median salary for home lending advisors was reported to be $69,992. Additionally, when examining job demand, employers across the country posted 60,182 job postings related to positions for home lending advisors.
How Much Money Do Home Lending Advisors Make?
Median salary is just one data point. To build a better understanding of how much money home lending 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 lending advisors.
Annual Salary for Home Lending Advisors
According to the BLS, the lowest earners for home lending advisors and related professions earned about $37,024 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $139,464 annually.
As mentioned previously, the median salary for home lending advisors in the United States in 2023 was $69,992.
Annual Salary Range For Home Lending Advisors In 2023
Hourly Salary for Home Lending Advisors
The BLS also breaks down compensation for home lending advisors by hourly salary, and the median average hourly pay for home lending advisors in 2023 was $34. Lowest hourly earners took home $18 while the highest reported hourly salaries for home lending advisors was $67.
Hourly Salary Range For Home Lending Advisors In 2023
Advertised Compensation for Home Lending Advisors
Data from the BLS is one way to dig into compensation for home lending 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 lending 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 Lending Advisors
Advertised Annual Salary
During a review of 53,296 job postings related to home lending advisors, advertised salary was included in 19,516 of them, which was 37%. Based on those postings, the median advertised salary for home lending advisors was $65,408 per year.
Hourly Salary from Job Postings for Home Lending Advisors
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for home lending advisors. Based on 32% of postings with advertised compensation, the median hourly salary for open positions for home lending advisors in the United States is about $31.
Salary Trend for Home Lending 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 lending 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 lending advisors dating back to September 2020, advertised salaries for home lending advisors have decreased 35%.
Advertised Wage Trend For Home Lending Advisors
What's the Job Growth for Home Lending 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 lending advisors over the next 10 years.
According to the data obtained through Lightcast,™ there were 321,905 jobs for home lending advisors in the United States in 2023. By 2033, it is expected that about 17,193 jobs will be added. That's a 5.3% increase over the next 10-year period.
Employment Projections For Home Lending Advisors
Additional Links
Ready to dig deeper into career information about home lending advisors? Visit our other pages focused on salary and education for home lending advisors.
What do home lending advisors do?
Home Lending Advisors: How do you become one?
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