The average salary for a loan officer in Massachusetts is around $101,600 per year.
Avg Salary
Loan officers earn an average yearly salary of $101,600.
Wages typically start from $64,680 and go up to $198,220.
48% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$95.30 per hour
$198,220 per year
75th percentile
Senior-level loan officer earnings begin at:
$65.84 per hour
$136,940 per year
50th percentile
Mid-level loan officer earnings begin at:
$48.85 per hour
$101,600 per year
25th percentile
Junior-level loan officer earnings begin at:
$38.35 per hour
$79,760 per year
10th percentile
Starting level loan officer earnings begin at:
$31.10 per hour
$64,680 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 Massachusetts. On average, they make less than business analysts but more than credit analysts.
| Career | Median Salary |
|---|---|
| Business analyst salary | $135K |
| Actuary salary | $126K |
| Financial analyst salary | $111K |
| Stock trader salary | $100K |
| Securities and commodities broker salary | $100K |
| Loan officer salary | $102K |
| Statistician salary | $97K |
| Accountant salary | $99K |
| Auditor salary | $99K |
| Credit analyst salary | $97K |
Source: CareerExplorer (Aggregated)