Mortgage Banker Salary in Philadelphia, Pennsylvania

Mortgage Banker Salary in Philadelphia, PA

How much does a Mortgage Banker make in Philadelphia, PA?

As of April 01, 2025, the average annual salary for a Mortgage Banker in Philadelphia, PA is $121,650. Salary.com reports that pay typically ranges from $111,202 to $131,585, with most professionals earning between $101,690 and $140,629.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $101,690 Philadelphia,PA April 01, 2025
25th Percentile Mortgage Banker Salary $111,202 Philadelphia,PA April 01, 2025
50th Percentile Mortgage Banker Salary $121,650 Philadelphia,PA April 01, 2025
75th Percentile Mortgage Banker Salary $131,585 Philadelphia,PA April 01, 2025
90th Percentile Mortgage Banker Salary $140,629 Philadelphia,PA April 01, 2025
25% $111,202 10% $101,690 90% $140,629 75% $131,585 $121,650 50%(Median) Didn’t find job title? Click
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What is a Mortgage Banker ?

Mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital. Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor, which are typically large institutions. The credit risk is typically absorbed by the Agencies, which include Fannie Mae, or ...

Source: Wikipedia (as of 04/25/2019). Read more from Wikipedia

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Average Base Salary

Core compensation

 
 
 
111202
131585
121650

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
111202
131585
121650
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Philadelphia, PA. The base salary for Mortgage Banker ranges from $111,202 to $131,585 with the average base salary of $121,650. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $111,202 to $131,585 with the average total cash compensation of $121,650.

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111202
131585

 

About Philadelphia, Pennsylvania    Philadelphia, sometimes known colloquially as Philly, is the largest city in the U.S. state and Commonwealth of Pennsylvania, and the sixth-most popul....More

Philadelphia, Pennsylvania  area prices were up 1.0% from a year ago

Mortgage Banker Salary in popular cities: Pittsburgh, Allentown, Erie

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Mortgage Banker : Closing Team Lead, Mortgage Production Manager, Mortgage Account Manager