The average salary for a loan officer in Alabama is around $66,710 per year.
Avg Salary
Loan officers earn an average yearly salary of $66,710.
Wages typically start from $42,090 and go up to $155,660.
25% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$74.84 per hour
$155,660 per year
75th percentile
Senior-level loan officer earnings begin at:
$49.51 per hour
$102,990 per year
50th percentile
Mid-level loan officer earnings begin at:
$32.07 per hour
$66,710 per year
25th percentile
Junior-level loan officer earnings begin at:
$23.79 per hour
$49,470 per year
10th percentile
Starting level loan officer earnings begin at:
$20.23 per hour
$42,090 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 Alabama. On average, they make less than credit analysts but more than cost estimators.
| Career | Median Salary |
|---|---|
| Credit analyst salary | $80K |
| Financial quantitative analyst salary | $87K |
| Risk management specialist salary | $87K |
| Fraud analyst salary | $87K |
| Investment banker salary | $87K |
| Loan officer salary | $67K |
| Auditor salary | $75K |
| Accountant salary | $75K |
| Statistician salary | $76K |
| Cost estimator salary | $75K |
Source: CareerExplorer (Aggregated)