What are the main factors that influence a Home Loan Processor's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Home Loan Processor's salary?

A Home Loan Processor's salary grows with experience: a Home Loan Processor (0-1 years)earns $45,975, a Mortgage Loan Processor II (1-3 years)earns $51,191, a Loan Processing Manager (3-5 years)earns $98,867,

What are the highest paying states for a Home Loan Processor?

Home Loan Processor salary varies significantly by state. The top 3 highest paying states for Home Loan Processor roles are District of Columbia $49,809, California $49,620, Massachusetts $48,958. These tech hubs typically pay 10-15% above the national average.

How much do different types of Home Loan Processor roles make?

Salaries for Home Loan Processor level roles vary by specialization: Commercial Loan Processor: $59,658; Sba Loan Processor: $59,605; Loan Processor III: $59,204; Jr Loan Processor: $50,184; Loan Processor: $49,639.

Home Loan Processor Salary in Delaware

How much does a Home Loan Processor make in Delaware?

As of May 18, 2021, the average salary for a Home Loan Processor in Delaware is $45,661 per year, which breaks down to an hourly rate of $22.

However, a Home Loan Processor's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $51,494
Majority Range (25th-75th percentile): $42,135 to $48,714
Entry-Level (10th percentile): $38,926

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Home Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$48,714	$4,059	$937	$23
Average	$45,661	$3,805	$878	$22
25th Percentile	$42,135	$3,511	$810	$20

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Check out Home Loan Processor Job Openings in Delaware

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Key Factors That Influence Home Loan Processor Salaries

A Home Loan Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Do Home Loan Processor Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Home Loan Processors. For example, consider the average annual salaries in these key locations:

District of Columbia: $49,809.
California: $49,620.
Massachusetts: $48,958.

District of Columbia $49,809 California $49,620 Massachusetts $48,958 Washington $48,778 New Jersey $48,760 Alaska $48,697 Connecticut $48,077 New York $47,825

Hawaii $47,019 Rhode Island $46,642 Maryland $46,385 Minnesota $46,034 Colorado $45,899 Illinois $45,854 Oregon $45,683 Delaware $45,557

New Hampshire $45,478 Virginia $45,301 Pennsylvania $44,784 Nevada $44,523 North Dakota $44,437 Michigan $44,302 Wisconsin $44,253 Vermont $44,154

Texas $43,879 Maine $43,861 Arizona $43,834 Ohio $43,803 Georgia $43,389 Indiana $43,182 Wyoming $43,142 Utah $43,079

Iowa $43,052 Kansas $42,836 Louisiana $42,773 North Carolina $42,750 Missouri $42,741 Florida $42,566 Montana $42,471 Nebraska $42,381

Kentucky $42,332 South Carolina $42,152 Tennessee $42,040 Idaho $41,995 New Mexico $41,666 Oklahoma $41,594 Alabama $41,329 South Dakota $40,883

Arkansas $40,640 West Virginia $40,510 Mississippi $40,119

Top Paying Cities for Home Loan Processors

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Lincoln: $47,150
Little Creek: $46,714
Magnolia: $46,907

Lincoln, DE $47,150 Little Creek, DE $46,714 Magnolia, DE $46,907 Milford, DE $47,150 Marydel, DE $46,538 Millsboro, DE $47,150 Millville, DE $47,465 Milton, DE $47,150

Nassau, DE $47,150 Ocean View, DE $47,465 Rehoboth Beach, DE $47,465 Seaford, DE $46,655 Selbyville, DE $47,465 Smyrna, DE $46,484 Viola, DE $46,907 Woodside, DE $46,772

Bear, DE $46,142 Newark, DE $46,160 Claymont, DE $46,196 Delaware City, DE $46,160 Hockessin, DE $46,196 Kirkwood, DE $46,160 Middletown, DE $46,390 Montchanin, DE $46,196

New Castle, DE $46,196 Odessa, DE $46,453 Port Penn, DE $46,034 Rockland, DE $46,196 Saint Georges, DE $46,160 Townsend, DE $46,385 Winterthur, DE $46,196 Lewes, DE $47,150

Wilmington, DE $46,196 Dover, DE $46,691 Dover Afb, DE $46,799 Bethany Beach, DE $47,465 Bethel, DE $46,655 Bridgeville, DE $47,150 Camden Wyoming, DE $46,741 Cheswold, DE $46,583

Clayton, DE $46,466 Dagsboro, DE $47,465 Delmar, DE $46,655 Ellendale, DE $47,150 Felton, DE $47,150 Fenwick Island, DE $47,465 Frankford, DE $47,465 Frederica, DE $47,150

Georgetown, DE $47,150 Greenwood, DE $47,150 Harbeson, DE $47,150 Harrington, DE $47,150 Hartly, DE $46,444 Houston, DE $47,150 Kenton, DE $46,466 Laurel, DE $46,655

Yorklyn, DE $46,196

Home Loan Processor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Home Loan Processor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 18, 2021

$42,135

Average $45,661/year

$48,714

$3,511

Average $3,805/month

$4,059

$810

Average $878/week

$937

$20

Average $22/hour

$23

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$48,714	$4,059	$937	$23
Average	$45,661	$3,805	$878	$22
25th Percentile	$42,135	$3,511	$810	$20

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