Mortgage Loan Officer Salary
in Richmond, VA
Evaluate, authorize, and recommend mortgage loan applications for real estate purchases. Median salary in Richmond: $73K/year. Data from BLS, O*NET, and H-1B disclosures.
Salary range in Richmond
Source: BLS OES 2026, H-1B DOL Disclosures Q1 2026. Figures represent annual base salary in Richmond, Virginia.
Key facts for Richmond
Salary forecast: Richmond Mortgage Loan Officer to 2030
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2025. At current growth rates, median salary reaches $73K by 2030.
Full salary breakdown & negotiation guide
Unlock the full salary report + negotiation email template
Enter your email for free access. We'll send salary market updates — unsubscribe anytime.
No spam. Unsubscribe anytime.
Mortgage Loan Officer Salary in Richmond, Virginia: Complete Guide (2026)
The median Mortgage Loan Officer salary in Richmond, VA is $73,000 per year as of Q1 2025. This figure represents the midpoint of all reported compensation for this role in the Richmond–VA 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.
Salary range for Mortgage Loan Officer in Richmond
Entry-level Mortgage Loan Officers in Richmond with 0–2 years of experience typically earn between $49,000 and $73,000 annually. Mid-career professionals with 3–7 years command $73,000 to $110,000, while senior-level practitioners with 8+ years of experience regularly earn $110,000 to $165,000 or more.
Cost of living in Richmond for Mortgage Loan Officers
Richmond has a cost of living index of 98 compared to the US national average of 100. This means your salary goes approximately 2% further in Richmond than the national average. Virginia has a 5.75% state income tax rate.
Education requirements for Mortgage Loan Officer
Bachelor's; NMLS license required. 38% of these roles offer some remote flexibility.