Loan officer earnings by seniority

90th percentile

Top-level loan officer earnings begin at:

$77.53 per hour

$161,250 per year

75th percentile

Senior-level loan officer earnings begin at:

$60.93 per hour

$126,740 per year

50th percentile

Mid-level loan officer earnings begin at:

$45.40 per hour

$94,440 per year

25th percentile

Junior-level loan officer earnings begin at:

$30.85 per hour

$64,170 per year

10th percentile

Starting level loan officer earnings begin at:

$23.19 per hour

$48,240 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 6% less than similar careers in Oregon. On average, they make less than actuaries but more than budget analysts.

Career Median Salary
Actuary salary $130K
Financial analyst salary $121K
Fundraising manager salary $104K
Business analyst salary $102K
Operations research analyst salary $102K
Loan officer salary $94K
Stock trader salary $77K
Securities and commodities broker salary $77K
Consultant salary $97K
Budget analyst salary $95K

Source: CareerExplorer (Aggregated)