Loan officer earnings by seniority

90th percentile

Top-level loan officer earnings begin at:

$75.78 per hour

$157,630 per year

75th percentile

Senior-level loan officer earnings begin at:

$60.44 per hour

$125,720 per year

50th percentile

Mid-level loan officer earnings begin at:

$44.66 per hour

$92,890 per year

25th percentile

Junior-level loan officer earnings begin at:

$31.22 per hour

$64,940 per year

10th percentile

Starting level loan officer earnings begin at:

$22.05 per hour

$45,860 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 District of Columbia. On average, they make less than auditors but more than bill and account collectors.

Career Median Salary
Auditor salary $112K
Accountant salary $112K
Operations research analyst salary $96K
Stock trader salary $72K
Securities and commodities broker salary $72K
Loan officer salary $93K
Cost estimator salary $83K
Social fundraiser salary $81K
Credit counselor salary $64K
Bill and account collector salary $62K

Source: CareerExplorer (Aggregated)