The average salary for a loan officer in the United States is around $57,580 per year.
Avg Salary
Loan officers earn an average yearly salary of $57,580.
Wages typically start from $29,632 and go up to $111,888.
0% below national average Updated in 2019
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$53.79 per hour
$111,888 per year
75th percentile
Senior-level loan officer earnings begin at:
$39.27 per hour
$81,680 per year
50th percentile
Mid-level loan officer earnings begin at:
$27.68 per hour
$57,580 per year
25th percentile
Junior-level loan officer earnings begin at:
$19.51 per hour
$40,591 per year
10th percentile
Starting level loan officer earnings begin at:
$14.25 per hour
$29,632 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $88,768 |
| Illinois | $81,620 |
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Kansas | $75,462 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
| Maryland | $68,060 |
| Missouri | $68,010 |
| Florida | $67,760 |
| North Dakota | $67,610 |
| Kentucky | $67,450 |
| Pennsylvania | $66,807 |
| Hawaii | $66,666 |
| Ohio | $64,770 |
| Oregon | $64,610 |
| Maine | $64,110 |
| Virginia | $63,860 |
| Wisconsin | $62,850 |
| North Carolina | $62,360 |
| Wyoming | $61,860 |
| Iowa | $61,518 |
| Oklahoma | $61,230 |
| Colorado | $61,010 |
| Nevada | $60,630 |
| Washington | $60,540 |
| Rhode Island | $60,460 |
| California | $60,420 |
| South Carolina | $60,250 |
| Delaware | $60,140 |
| Idaho | $59,677 |
| South Dakota | $59,520 |
| Vermont | $58,650 |
| Montana | $57,840 |
| Mississippi | $57,500 |
| Indiana | $57,023 |
| Alaska | $56,980 |
| Arkansas | $55,514 |
| Georgia | $54,690 |
| Tennessee | $54,490 |
| Alabama | $53,488 |
| Arizona | $52,696 |
| New Mexico | $51,460 |
| West Virginia | $48,820 |
| Louisiana | $48,230 |
| Guam | $45,840 |
| Utah | $45,470 |
| Puerto Rico | $29,150 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in the United States. On average, they make less than business analysts but more than social fundraisers.
| Career | Median Salary |
|---|---|
| Business analyst salary | $75K |
| Budget analyst salary | $76K |
| Credit analyst salary | $68K |
| Auditor salary | $65K |
| Securities and commodities broker salary | $62K |
| Loan officer salary | $58K |
| Stock trader salary | $60K |
| Accountant salary | $61K |
| Cost estimator salary | $59K |
| Social fundraiser salary | $57K |
Source: CareerExplorer (Aggregated)