The average salary for a loan officer in the United States is around $76,690 per year.
Avg Salary
Loan officers earn an average yearly salary of $76,690.
Wages typically start from $39,430 and go up to $153,180.
25% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$73.65 per hour
$153,180 per year
75th percentile
Senior-level loan officer earnings begin at:
$50.04 per hour
$104,080 per year
50th percentile
Mid-level loan officer earnings begin at:
$36.87 per hour
$76,690 per year
25th percentile
Junior-level loan officer earnings begin at:
$25.35 per hour
$52,730 per year
10th percentile
Starting level loan officer earnings begin at:
$18.96 per hour
$39,430 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
| North Dakota | $84,650 |
| Iowa | $83,670 |
| Delaware | $83,130 |
| Maine | $81,900 |
| California | $81,770 |
| New Hampshire | $80,660 |
| Washington | $80,120 |
| South Dakota | $79,920 |
| Nebraska | $79,840 |
| Wyoming | $79,620 |
| Illinois | $79,150 |
| Virginia | $78,320 |
| Wisconsin | $78,290 |
| Rhode Island | $77,250 |
| Ohio | $76,370 |
| North Carolina | $75,920 |
| Michigan | $74,470 |
| Missouri | $73,660 |
| Maryland | $73,580 |
| Oklahoma | $72,990 |
| Indiana | $72,960 |
| Alaska | $72,800 |
| Montana | $71,570 |
| Florida | $71,090 |
| Idaho | $71,070 |
| Arkansas | $70,260 |
| Pennsylvania | $69,300 |
| Georgia | $68,490 |
| Alabama | $66,710 |
| Texas | $66,370 |
| Nevada | $64,500 |
| Hawaii | $63,740 |
| South Carolina | $63,220 |
| Tennessee | $62,800 |
| New Mexico | $62,610 |
| Arizona | $62,160 |
| Kentucky | $62,090 |
| Louisiana | $61,110 |
| Mississippi | $60,260 |
| Utah | $59,440 |
| West Virginia | $57,580 |
| Guam | $45,840 |
| Puerto Rico | $29,150 |
| Massachusetts | $101,600 |
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 risk management specialists but more than tax preparers.
| Career | Median Salary |
|---|---|
| Risk management specialist salary | $81K |
| Financial quantitative analyst salary | $81K |
| Investment banker salary | $81K |
| Fraud analyst salary | $81K |
| Consultant salary | $82K |
| Loan officer salary | $77K |
| Cost estimator salary | $79K |
| Social fundraiser salary | $73K |
| Revenue agent salary | $62K |
| Tax preparer salary | $55K |
Source: CareerExplorer (Aggregated)