The average salary for a loan officer in Texas is around $68,710 per year.
Avg Salary
Loan officers earn an average yearly salary of $68,710.
Wages typically start from $35,430 and go up to $156,890.
25% above national average Updated in 2018
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$75.43 per hour
$156,890 per year
75th percentile
Senior-level loan officer earnings begin at:
$47.70 per hour
$99,220 per year
50th percentile
Mid-level loan officer earnings begin at:
$33.03 per hour
$68,710 per year
25th percentile
Junior-level loan officer earnings begin at:
$22.88 per hour
$47,600 per year
10th percentile
Starting level loan officer earnings begin at:
$17.03 per hour
$35,430 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 Texas. On average, they make less than actuaries but more than accountants.
| Career | Median Salary |
|---|---|
| Actuary salary | $94K |
| Financial analyst salary | $83K |
| Securities and commodities broker salary | $54K |
| Stock trader salary | $54K |
| Statistician salary | $80K |
| Loan officer salary | $69K |
| Operations research analyst salary | $78K |
| Credit analyst salary | $69K |
| Auditor salary | $73K |
| Accountant salary | $73K |
Source: CareerExplorer (Aggregated)