Residential Mortgage Salary in Rochester, NY

How much does a Residential Mortgage make in Rochester, NY?

As of March 01, 2025, the average annual salary for a Residential Mortgage in Rochester, NY is $50,888. According to Salary.com, salaries can range from a low of $37,907 to a high of $62,382, with most professionals earning between $44,093 and $56,905.

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Salary range for a Residential Mortgage

$44,093 to $56,905

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What is a Residential Mortgage?

A Residential Mortgage job involves working with individuals and families to help them secure financing for the purchase of a home. This typically includes assessing the financial situation of the borrower, determining the appropriate loan amount and terms, and guiding them through the application and approval process. Residential Mortgage professionals also work with real estate agents, appraisers, and underwriters to ensure a smooth and successful transaction for their clients. Additionally, they may provide guidance on refinancing options and other mortgage-related services. Strong communication and customer service skills are essential in this role, as well as a thorough understanding of lending regulations and market trends.

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Job Openings for Residential Mortgage in Rochester, NY

What does a Residential Mortgage do?

Common responsibilities of a Residential Mortgage

Manages the disbursement of funds for approved mortgages.

September 10, 2023

Collaborates with real estate agents, appraisers, and other professionals involved in the home buying process.

September 15, 2023

Provides customer service and support to borrowers throughout the life of the mortgage.

September 21, 2023

Provides financing for individuals to purchase a home.

September 29, 2023

Monitors and manages the repayment of the mortgage, including collecting payments and managing escrow accounts.

October 03, 2023

Processes and underwrites mortgage applications.

October 08, 2023

Ensures compliance with all relevant laws and regulations governing residential mortgages.

October 31, 2023

Determines the terms and conditions of the mortgage, including interest rate, loan amount, and repayment schedule.

November 07, 2023

Evaluates and mitigates risks associated with residential mortgage lending.

November 16, 2023

Assesses the creditworthiness of borrowers to determine eligibility for a mortgage.

November 28, 2023

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Residential Mortgage Salary By Experience Levels in Rochester, NY

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Residential Mortgage Salary By Level of Education in Rochester, NY

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Residential Mortgage in Rochester, NY

Average Base Salary

Core compensation

44093

56905

50888

Average Total Cash Compensation

Includes base and annual incentives

46936

59757

52586

What is the average salary for Residential Mortgage in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Residential Mortgage in Rochester, NY. The base salary for Residential Mortgage ranges from $44,093 to $56,905 with the average base salary of $50,888. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,936 to $59,757 with the average total cash compensation of $52,586.

View Average Salary for Residential Mortgage as table

	Average Salary	Average Salary Range
Base Salary	$50,888	$44,093 - $56,905
Bonus	$1,698	$2,843 - $2,852
Total Pay	$52,586	$46,936 - $59,757

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Residential Mortgage Salary Near Rochester, NY

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Rochester, NY
CITY, STATE Henrietta, NY	AVERAGE SALARY RANGE $44,174 - $57,008	COMPARE TO Rochester, NY
CITY, STATE Buffalo, NY	AVERAGE SALARY RANGE $43,749 - $56,461	COMPARE TO Rochester, NY
CITY, STATE Niagara Falls, NY	AVERAGE SALARY RANGE $43,660 - $56,345	COMPARE TO Rochester, NY
CITY, STATE Clay, NY	AVERAGE SALARY RANGE $44,566 - $57,514	COMPARE TO Rochester, NY
CITY, STATE Syracuse, NY	AVERAGE SALARY RANGE $44,566 - $57,514	COMPARE TO Rochester, NY
CITY, STATE Jamestown, NY	AVERAGE SALARY RANGE $42,440 - $54,771	COMPARE TO Rochester, NY

See salaries for Residential Mortgage in locations close to Rochester, NY. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Rochester, New York

Rochester is at 43°9′56″N 77°36′41″W / 43.16556°N 77.61139°W / 43.16556; -77.61139 (43.165496, −77.611504). The city is about 73 miles (120 km) east-northeast of Buffalo and about 87 miles (140 km) west of Syracuse and Albany, the state capital is 226 miles (360 km) to the east ; it sits on Lake Ontario's southern shore. The Genesee River bisects the city. Toronto, Canada is northwest 168 miles (270 km) and New York City is about 350 miles (560 km) to the southeast. According to the United States Census Bureau, the city has a total area of 37.1 square miles (96 km2), of which 35.8 square m...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Residential Mortgage Underwriter	LOCATION Rochester, NY	MINIMUM SALARY $75,316	MAXIMUM SALARY $97,796
JOB TITLE Residential Mortgage Officer I	LOCATION Rochester, NY	MINIMUM SALARY $43,570	MAXIMUM SALARY $54,630
JOB TITLE Residential Mortgage Officer II	LOCATION Rochester, NY	MINIMUM SALARY $58,080	MAXIMUM SALARY $68,850
JOB TITLE Residential Mortgage Officer III	LOCATION Rochester, NY	MINIMUM SALARY $81,500	MAXIMUM SALARY $102,210
JOB TITLE Residential Mortgage Loan Originator	LOCATION Rochester, NY	MINIMUM SALARY $58,139	MAXIMUM SALARY $78,840
JOB TITLE Residential Mortgage Loan Officer	LOCATION Rochester, NY	MINIMUM SALARY $44,274	MAXIMUM SALARY $55,513

The Residential Mortgage job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Rochester, NY that might be a good fit for the type of job and salary you are looking for.

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44093

56905

About Rochester, New York Rochester is at 43°9′56″N 77°36′41″W / 43.16556°N 77.61139°W / 43.16556; -77.61139 (43.165496, −77.611504). The city is about 73 miles (120 km) eas....More

Rochester, New York area prices were up 1.5% from a year ago

Residential Mortgage Salary in popular cities: New York, Buffalo, Yonkers

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