There are currently an estimated 301,400 loan officers in the United States. The loan officer job market is expected to grow by 1.7% between 2024 and 2034.
How employable are loan officers?
CareerExplorer rates loan officers with a B- employability rating, meaning this career should provide good employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 5,100 loan officers.
What’s the supply of loan officers?
The loan officer industry is concentrated in California, Texas, Florida
Loan Officer job market by state
| State Name | Employed Loan Officers |
|---|---|
| California | 25,790 |
| Texas | 21,200 |
| Florida | 18,830 |
| Michigan | 11,340 |
| Illinois | 10,890 |
| New York | 10,840 |
| North Carolina | 10,700 |
| Arizona | 10,020 |
| Ohio | 9,880 |
| Georgia | 9,540 |
| Virginia | 8,790 |
| Pennsylvania | 8,140 |
| Missouri | 7,050 |
| Tennessee | 6,510 |
| Minnesota | 6,430 |
| New Jersey | 6,200 |
| Washington | 6,040 |
| Alabama | 5,050 |
| Wisconsin | 4,940 |
| Indiana | 4,790 |
| Massachusetts | 4,470 |
| Oregon | 4,220 |
| South Carolina | 4,140 |
| Oklahoma | 4,100 |
| Utah | 3,990 |
| Kentucky | 3,940 |
| Maryland | 3,850 |
| Kansas | 3,540 |
| Mississippi | 3,450 |
| Colorado | 3,230 |
| Iowa | 2,840 |
| Louisiana | 2,810 |
| Nebraska | 2,710 |
| Arkansas | 2,610 |
| Nevada | 2,580 |
| Connecticut | 2,220 |
| Idaho | 2,030 |
| South Dakota | 1,820 |
| Delaware | 1,420 |
| North Dakota | 1,370 |
| Rhode Island | 1,290 |
| West Virginia | 1,290 |
| Montana | 1,180 |
| New Mexico | 1,140 |
| New Hampshire | 1,120 |
| Maine | 1,060 |
| Hawaii | 980 |
| Wyoming | 740 |
| Alaska | 490 |
| District of Columbia | 370 |
| Vermont | 350 |