Evaluate, authorize, and recommend mortgage loan applications for real estate purchases. Median salary in Cleveland: $66K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Cleveland, Ohio. Reviewed by SalaryOptics Editorial · How we calculate this →
Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.
Mortgage Loan Officers in Cleveland earn approximately 8% lower than the US national median for this role — a $6,000 discount on annual base salary. Cleveland's lower wage level partially reflects the area's cost-of-living index of 82 (US avg = 100).
Adjusted for Cleveland's cost-of-living index (82), the median Mortgage Loan Officer salary buys the equivalent of $80,488 in a US-average-cost city. That's $8,488 more purchasing power than the national median — a meaningful real-wage advantage.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $66K by 2030.
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The median Mortgage Loan Officer salary in Cleveland, OH is $66,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Cleveland–OH metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Entry-level Mortgage Loan Officers in Cleveland with 0–2 years of experience typically earn between $44,000 and $66,000 annually. Mid-career professionals with 3–7 years command $66,000 to $99,000, while senior-level practitioners with 8+ years of experience regularly earn $99,000 to $149,000 or more.
Cleveland has a cost of living index of 82 compared to the US national average of 100. This means your salary goes approximately 18% further in Cleveland than the national average. Ohio has a 3.99% state income tax rate.
Bachelor's; NMLS license required. 38% of these roles offer some remote flexibility.