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Mint salarieschevron right iconLoan Processorchevron right iconDetroit Metro Area, MI

Loan Processor salary in Detroit Metro Area, MI

Average salary
$49,000/yr
Based on 82 income tax records
$23,500
$96,500
Age:
Average salary by age
18-25
26-35
36-45
46-55
56+
 
$46K
 
$55K
 
$59K
$23,500
$96,500
How much do Loan Processors make?
The average total salary for a Loan Processor is $49,000 per year. This is based on data from 82 TurboTax users who reported their occupation as Loan Processor and includes taxable wages, tips, bonuses, and more. Loan Processor salary can vary between $23,500 to $96,500 depending on factors including education, skills, experience, employer & location. Read more
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DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

Loan Processor salary by location

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Loan Processor salary by company

Employer
Average salary per year*
Salary range**

Loan Processor demographics in Detroit Metro Area, MI

single icon
65% are single
married icon
35% are married
have kids icon
43% have kids
own a home icon
46% own a home

Effective Tax Rates for Loan Processors in Detroit Metro Area, MI

82 full-time salaries from 2019
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FAQS
The average salary for a loan processor in Detroit Metro Area, MI is $49,000 per year. Loan processor salaries in Detroit Metro Area, MI can vary between $23,500 to $96,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
This data is exclusive to Mint Salary and is based on 82 tax returns from TurboTax customers who reported their occupation as loan processor.
The following cities offer the highest salaries for loan processors near Detroit Metro Area, MI: Grand Rapids, MI ($55,000 a year), Fort Wayne, IN ($48,000 a year), and Columbus, OH ($44,500 a year).
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*
Total salary amounts here include total taxable wages, tips, prizes and other compensation. Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more
**
Total salary ranges shown here exclude outliers.