Loan officer earnings by seniority

90th percentile

Top-level loan officer earnings begin at:

$64.76 per hour

$134,700 per year

75th percentile

Senior-level loan officer earnings begin at:

$45.03 per hour

$93,660 per year

50th percentile

Mid-level loan officer earnings begin at:

$32.58 per hour

$67,760 per year

25th percentile

Junior-level loan officer earnings begin at:

$22.98 per hour

$47,790 per year

10th percentile

Starting level loan officer earnings begin at:

$17.10 per hour

$35,580 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 Florida. On average, they make less than stock traders but more than fraud analysts.

Career Median Salary
Stock trader salary $57K
Statistician salary $81K
Credit analyst salary $72K
Operations research analyst salary $74K
Financial analyst salary $69K
Loan officer salary $68K
Budget analyst salary $70K
Accountant salary $62K
Auditor salary $62K
Fraud analyst salary $62K

Source: CareerExplorer (Aggregated)