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How much does a Loan Specialist make in Birmingham, AL?

The average salary for a Loan Specialist is $172,917 per year in Birmingham, AL.

In Birmingham, AL, a Loan Specialist can expect to earn a good salary. The average yearly salary for this role stands at $172,917. This figure reflects the overall compensation trend for Loan Specialists in the area, making it an attractive figure for professionals in this field.


The salary for Loan Specialists can vary based on factors such as experience and specific job responsibilities. Many specialists fall into the middle range of the salary spectrum, earning between $115,805 and $244,511 per year. This range provides a clear view of what one might earn at different stages of their career, whether they are just starting out or have more experience under their belt.

Loan Specialist jobs in Birmingham, AL

What are the highest paying cities for a Loan Specialist near Birmingham, AL?

Loan Specialists can find some of the best opportunities near Birmingham, AL in Huntsville, where the average salary tops the list at $172,673. Decatur follows closely with an average salary of $119,417, offering another excellent option for job seekers. Mobile, with an average salary of $92,610, also stands out as a city with competitive pay for Loan Specialists. Further south, Tuscaloosa offers a solid average salary of $87,056, while Montgomery and Dothan provide decent salaries of $86,949 and $67,372 respectively. This suggests that professionals can find good opportunities in and around the Birmingham area. Job seekers should consider these cities for better compensation and career growth in the Loan Specialist field.
Graph displaying highest paying cities salaries for Loan Specialist jobs near Birmingham, AL, highlighting Huntsville, AL with the highest at $172,673 and Florence, AL with the lowest at $35,710.
  1. Huntsville, AL
    Average Salary: $172,673
    In Huntsville, loan professionals thrive in a vibrant economy with key players like Cummings Research Park. This tech hub offers numerous opportunities. The area's growth makes it a great place for those in the loan industry.
    Find Loan Specialist jobs in Huntsville, AL


  2. Decatur, AL
    Average Salary: $119,417
    Decatur offers a friendly work environment for loan specialists. The city's smaller size allows for close-knit communities. Companies like Healthsouth focus on providing quality services, making Decatur a nice place for career growth.
    Find Loan Specialist jobs in Decatur, AL


  3. Mobile, AL
    Average Salary: $92,610
    Mobile is known for its maritime industry, offering unique opportunities for those in the loan sector. The Port of Mobile plays a big role in the local economy. This city provides a diverse work experience for loan professionals.
    Find Loan Specialist jobs in Mobile, AL


  4. Tuscaloosa, AL
    Average Salary: $87,056
    Tuscaloosa boasts a strong educational presence with the University of Alabama. This environment fosters growth and learning for loan specialists. The city's blend of education and industry creates a dynamic work atmosphere.
    Find Loan Specialist jobs in Tuscaloosa, AL


  5. Montgomery, AL
    Average Salary: $86,949
    Montgomery serves as the capital and offers various opportunities for those in the loan industry. The city's historical significance and government presence provide a stable work environment. It's a great place for career advancement.
    Find Loan Specialist jobs in Montgomery, AL


  6. Dothan, AL
    Average Salary: $67,372
    Dothan offers a smaller city feel with a strong community spirit. It's known for its agriculture and healthcare sectors. Loan specialists in Dothan enjoy a supportive work environment with many local businesses.
    Find Loan Specialist jobs in Dothan, AL


  7. Hoover, AL
    Average Salary: $62,155
    Hoover, part of the Birmingham metro area, offers a mix of suburban and urban benefits. Major companies like Verizon and Toyota are located here. It provides good career opportunities for loan professionals looking for stability and growth.
    Find Loan Specialist jobs in Hoover, AL


  8. Auburn, AL
    Average Salary: $55,604
    Auburn is home to Auburn University, which brings a youthful and vibrant atmosphere. The city supports a diverse range of businesses. Loan specialists here benefit from a strong educational influence and a tight-knit community.
    Find Loan Specialist jobs in Auburn, AL


  9. Selma, AL
    Average Salary: $35,750
    Selma offers a close-knit community with a rich history. It provides a calm and steady work environment for loan professionals. The city's focus on healthcare and education creates a supportive setting for career development.
    Find Loan Specialist jobs in Selma, AL


  10. Florence, AL
    Average Salary: $35,710
    Florence combines a small-town feel with modern amenities. The city's focus on healthcare and retail provides diverse opportunities. Loan specialists here enjoy a welcoming environment and strong community ties.
    Find Loan Specialist jobs in Florence, AL

What are the best paying companies for a Loan Specialist in Birmingham, AL?

Job seekers looking for Loan Specialist roles in Birmingham, AL, will find top compensation at MISSION SAN JOSE MORTGAGE INC. and Paramount Residential Mortgage Group Inc. These companies offer annual salaries that significantly exceed local averages. ServisFirst Bank, Integrity Lending, and Republic Finance also provide competitive pay for those in this field.
Graph displaying best paying company salaries for Loan Specialist jobs in Birmingham, AL, highlighting MISSION SAN JOSE MORTGAGE INC. with the highest at $324,433 and Republic Finance with the lowest at $34,000.
  1. MISSION SAN JOSE MORTGAGE INC.
    Average Salary: $324,433
    MISSION SAN JOSE MORTGAGE INC. offers exciting Loan Specialist roles in Birmingham, AL. They focus on providing top-notch mortgage solutions. Their commitment to quality and customer service makes them a leader in the mortgage industry.


  2. Paramount Residential Mortgage Group Inc. (PRMG Inc.)
    Average Salary: $250,000
    Paramount Residential Mortgage Group Inc. (PRMG Inc.) is a premier choice for Loan Specialists in Birmingham, AL. They offer competitive salaries and opportunities to grow in a dynamic environment. PRMG Inc. operates multiple locations, providing flexible work options.


  3. ServisFirst Bank
    Average Salary: $250,000
    ServisFirst Bank provides rewarding Loan Specialist positions in Birmingham, AL. They emphasize teamwork and professional growth. The bank has several branches in the area, offering various career paths and benefits.


  4. Integrity Lending
    Average Salary: $160,000
    Integrity Lending is a reputable company for Loan Specialists in Birmingham, AL. They focus on ethical lending practices and customer satisfaction. Integrity Lending operates in multiple locations, giving employees diverse experiences.


  5. U.S. Small Business Administration
    Average Salary: $96,635
    The U.S. Small Business Administration offers Loan Specialist jobs in Birmingham, AL. They provide stable employment and opportunities for professional development. They operate nationally, with local offices in Birmingham.


  6. Regions Bank
    Average Salary: $58,588
    Regions Bank hires Loan Specialists in Birmingham, AL. They offer a supportive work environment with growth opportunities. The bank has numerous branches in the area, ensuring a variety of career options.


  7. Republic Finance
    Average Salary: $34,000
    Republic Finance is a good option for Loan Specialists in Birmingham, AL. They provide competitive wages and a chance to develop in the financial industry. They operate in various locations, offering flexibility and diverse experiences.

Currently 1,179 Loan Specialist job openings, nationwide.

How's the job market for a Loan Specialist in the US?

Learn what a Loan Specialist does, how to become one, and understand the job outlook. Get simple steps to start your career as a Loan Specialist today.
Position
Overview
Loan Specialist
1,179 Job Openings