$44,339
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$25k
MEDIAN
$44k
90%
$60k
The average salary for a Loan Closer is $44,339 in 2025
Base Salary
$25k - $60k
Bonus
$0 - $8k
Total Pay
$26k - $59k
Is Average Loan Closer Salary in Richmond, Virginia your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
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What Do Loan Closers Do?
Loan Closer Tasks
- Authorize funding upon verification of all documentation.
- Order credit reports, appraisals, title insurance, and all other certifications as necessary.
- Answer questions regarding closing requirements.
- Maintain communication with brokers partners and closing/settlement agents with loan status.
Find your market worth – how it works:
Common Health Benefits for a Loan Closer
Medical
57%
Dental
29%
Vision
29%
None
43%
Gender Breakdown for Loan Closers
Female
50.0%
Male
50.0%
This data is based on 6 survey responses. Learn more about the gender pay gap.
FAQs About Loan Closers
What is the highest pay for Loan Closers in Richmond?
Our data indicates that the highest pay for a Loan Closer in Richmond is $60k / year
What is the lowest pay for Loan Closers in Richmond?
Our data indicates that the lowest pay for a Loan Closer in Richmond is $25k / year
How can Loan Closers increase their salary?
Increasing your pay as a Loan Closer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Closer that oversees more junior Loan Closers, this experience can increase the likelihood to earn more.