The average salary for a loan officer in Indiana is around $57,023 per year.
Avg Salary
Loan officers earn an average yearly salary of $57,023.
Wages typically start from $27,890 and go up to $116,587.
4% above national average Updated in 2018
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$56.05 per hour
$116,587 per year
75th percentile
Senior-level loan officer earnings begin at:
$39.94 per hour
$83,085 per year
50th percentile
Mid-level loan officer earnings begin at:
$27.41 per hour
$57,023 per year
25th percentile
Junior-level loan officer earnings begin at:
$18.82 per hour
$39,136 per year
10th percentile
Starting level loan officer earnings begin at:
$13.41 per hour
$27,890 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 Indiana. On average, they make less than risk management specialists but more than credit analysts.
| Career | Median Salary |
|---|---|
| Risk management specialist salary | $66K |
| Auditor salary | $63K |
| Budget analyst salary | $68K |
| Cost estimator salary | $61K |
| Operations research analyst salary | $61K |
| Loan officer salary | $57K |
| Fraud analyst salary | $66K |
| Financial quantitative analyst salary | $66K |
| Accountant salary | $60K |
| Credit analyst salary | $60K |
Source: CareerExplorer (Aggregated)