Loan Officers Salary

Median Salary
$76,690
per year
Hourly Rate
$36.87
per hour
Employment
274,330
jobs in the U.S.

Salary Distribution

10th percentile
$39,430
25th percentile
$52,730
Median
$76,690
75th percentile
$104,080
90th percentile
$153,180

💰 Loan Officers Salary by State

Best Cities (cost-adjusted) →

Salary Map — Click a state for details

$58K
$102K■ No data
StateMedianvs. National
Massachusetts$101,600+32.5%
Connecticut$95,730+24.8%
New York$95,710+24.8%
Minnesota$95,170+24.1%
Colorado$94,520+23.2%
Oregon$94,440+23.1%
New Jersey$92,920+21.2%
District of Columbia$92,890+21.1%
Vermont$88,710+15.7%
Kansas$86,970+13.4%
North Dakota$84,650+10.4%
Iowa$83,670+9.1%
Delaware$83,130+8.4%
Maine$81,900+6.8%
California$81,770+6.6%
New Hampshire$80,660+5.2%
Washington$80,120+4.5%
South Dakota$79,920+4.2%
Nebraska$79,840+4.1%
Wyoming$79,620+3.8%
Illinois$79,150+3.2%
Virginia$78,320+2.1%
Wisconsin$78,290+2.1%
Rhode Island$77,250+0.7%
Ohio$76,370-0.4%
North Carolina$75,920-1.0%
Michigan$74,470-2.9%
Missouri$73,660-4.0%
Maryland$73,580-4.1%
Oklahoma$72,990-4.8%
Indiana$72,960-4.9%
Alaska$72,800-5.1%
Montana$71,570-6.7%
Florida$71,090-7.3%
Idaho$71,070-7.3%
Arkansas$70,260-8.4%
Pennsylvania$69,300-9.6%
Georgia$68,490-10.7%
Alabama$66,710-13.0%
Texas$66,370-13.5%
Nevada$64,500-15.9%
Hawaii$63,740-16.9%
South Carolina$63,220-17.6%
Tennessee$62,800-18.1%
New Mexico$62,610-18.4%
Arizona$62,160-18.9%
Kentucky$62,090-19.0%
Louisiana$61,110-20.3%
Mississippi$60,260-21.4%
Utah$59,440-22.5%
West Virginia$57,580-24.9%

🏙️ Loan Officers Salary by Metro Area

Metro AreaMedianvs. National
Enid, OK$104,990+36.9%
Bridgeport-Stamford-Danbury, CT$103,850+35.4%
Boston-Cambridge-Newton, MA-NH$103,400+34.8%
San Francisco-Oakland-Fremont, CA$103,000+34.3%
Minneapolis-St. Paul-Bloomington, MN-WI$102,200+33.3%
New York-Newark-Jersey City, NY-NJ$101,570+32.4%
Des Moines-West Des Moines, IA$101,190+31.9%
Lawrence, KS$100,480+31.0%
Denver-Aurora-Centennial, CO$100,130+30.6%
Wichita, KS$99,170+29.3%
New Haven, CT$98,930+29.0%
Iowa City, IA$98,630+28.6%
Fort Collins-Loveland, CO$98,450+28.4%
Rochester, MN$98,110+27.9%
Washington-Arlington-Alexandria, DC-VA-MD-WV$97,800+27.5%
Lincoln, NE$97,770+27.5%
Corvallis, OR$97,340+26.9%
Lewiston-Auburn, ME$96,990+26.5%
Amherst Town-Northampton, MA$96,540+25.9%
Norwich-New London-Willimantic, CT$96,500+25.8%
Portland-Vancouver-Hillsboro, OR-WA$96,100+25.3%
Barnstable Town, MA$96,080+25.3%
Salinas, CA$95,640+24.7%
Waterbury-Shelton, CT$95,530+24.6%
Topeka, KS$95,330+24.3%
San Jose-Sunnyvale-Santa Clara, CA$95,090+24.0%
Elmira, NY$95,050+23.9%
Jonesboro, AR$94,960+23.8%
Pittsfield, MA$94,920+23.8%
Mankato, MN$94,850+23.7%
Grants Pass, OR$94,220+22.9%
Worcester, MA$94,220+22.9%
Fargo, ND-MN$93,640+22.1%
Salem, OR$93,410+21.8%
Grand Forks, ND-MN$92,820+21.0%
St. Cloud, MN$92,570+20.7%
Medford, OR$90,850+18.5%
Trenton-Princeton, NJ$90,430+17.9%
Albany, OR$90,030+17.4%
Springfield, MA$89,480+16.7%
Manhattan, KS$87,730+14.4%
Pueblo, CO$87,110+13.6%
Santa Maria-Santa Barbara, CA$86,200+12.4%
Cedar Rapids, IA$85,990+12.1%
Blacksburg-Christiansburg-Radford, VA$85,610+11.6%
Portland-South Portland, ME$84,620+10.3%
Ames, IA$84,470+10.1%
Atlantic City-Hammonton, NJ$84,260+9.9%
Fayetteville-Springdale-Rogers, AR$84,200+9.8%
Mount Vernon-Anacortes, WA$84,060+9.6%
Hot Springs, AR$83,990+9.5%
Glens Falls, NY$83,810+9.3%
Seattle-Tacoma-Bellevue, WA$83,720+9.2%
Milwaukee-Waukesha, WI$83,660+9.1%
Bismarck, ND$83,380+8.7%
Hartford-West Hartford-East Hartford, CT$83,160+8.4%
Vallejo, CA$83,110+8.4%
Walla Walla, WA$82,730+7.9%
San Luis Obispo-Paso Robles, CA$82,470+7.5%
Racine-Mount Pleasant, WI$82,400+7.4%
Wilmington, NC$82,340+7.4%
Kansas City, MO-KS$82,330+7.4%
Rochester, NY$82,280+7.3%
Modesto, CA$82,250+7.2%
Wenatchee-East Wenatchee, WA$82,170+7.1%
Columbus, OH$82,160+7.1%
Columbia, MO$81,850+6.7%
Watertown-Fort Drum, NY$81,850+6.7%
Sioux City, IA-NE-SD$81,780+6.6%
San Diego-Chula Vista-Carlsbad, CA$81,770+6.6%
Bend, OR$81,720+6.6%
Sioux Falls, SD-MN$81,380+6.1%
Burlington-South Burlington, VT$80,770+5.3%
Eugene-Springfield, OR$80,720+5.3%
Santa Rosa-Petaluma, CA$80,370+4.8%
Los Angeles-Long Beach-Anaheim, CA$80,360+4.8%
Omaha, NE-IA$80,300+4.7%
Manchester-Nashua, NH$80,260+4.7%
Pocatello, ID$80,210+4.6%
Wausau, WI$80,080+4.4%
Napa, CA$80,070+4.4%
Chicago-Naperville-Elgin, IL-IN$80,040+4.4%
Stockton-Lodi, CA$79,810+4.1%
Colorado Springs, CO$79,770+4.0%
Minot, ND$79,720+4.0%
Albany-Schenectady-Troy, NY$79,710+3.9%
Kiryas Joel-Poughkeepsie-Newburgh, NY$79,670+3.9%
Greeley, CO$79,660+3.9%
Appleton, WI$79,650+3.9%
Coeur d'Alene, ID$79,260+3.4%
Sacramento-Roseville-Folsom, CA$79,190+3.3%
Fond du Lac, WI$79,180+3.2%
Tulsa, OK$79,080+3.1%
Champaign-Urbana, IL$78,950+2.9%
Longview-Kelso, WA$78,940+2.9%
Merced, CA$78,940+2.9%
Santa Cruz-Watsonville, CA$78,940+2.9%
Green Bay, WI$78,920+2.9%
Yakima, WA$78,850+2.8%
Madison, WI$78,840+2.8%
Sheboygan, WI$78,820+2.8%
Flagstaff, AZ$78,810+2.8%
Riverside-San Bernardino-Ontario, CA$78,710+2.6%
Springfield, IL$78,600+2.5%
Syracuse, NY$78,580+2.5%
Vineland, NJ$78,540+2.4%
Providence-Warwick, RI-MA$78,500+2.4%
Rapid City, SD$78,470+2.3%
Homosassa Springs, FL$78,410+2.2%
El Centro, CA$78,350+2.2%
Bozeman, MT$78,270+2.1%
Boulder, CO$78,250+2.0%
Charlotte-Concord-Gastonia, NC-SC$78,200+2.0%
Fresno, CA$78,060+1.8%
Kenosha, WI$77,860+1.5%
Ann Arbor, MI$77,820+1.5%
Yuba City, CA$77,770+1.4%
Cleveland, OH$77,730+1.4%
Bellingham, WA$77,670+1.3%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$77,590+1.2%
Raleigh-Cary, NC$77,330+0.8%
Spokane-Spokane Valley, WA$77,220+0.7%
Huntsville, AL$76,970+0.4%
Janesville-Beloit, WI$76,910+0.3%
Redding, CA$76,790+0.1%
Bakersfield-Delano, CA$76,500-0.2%
Brunswick-St. Simons, GA$76,460-0.3%
Cape Girardeau, MO-IL$76,400-0.4%
Casper, WY$76,400-0.4%
Deltona-Daytona Beach-Ormond Beach, FL$76,400-0.4%
La Crosse-Onalaska, WI-MN$76,370-0.4%
Atlanta-Sandy Springs-Roswell, GA$76,340-0.5%
Naples-Marco Island, FL$76,300-0.5%
Detroit-Warren-Dearborn, MI$76,260-0.6%
Buffalo-Cheektowaga, NY$76,170-0.7%
Dubuque, IA$76,170-0.7%
Asheville, NC$76,070-0.8%
Springfield, MO$76,040-0.8%
Lafayette-West Lafayette, IN$75,980-0.9%
Rockford, IL$75,880-1.1%
Bangor, ME$75,860-1.1%
Visalia, CA$75,770-1.2%
Lakeland-Winter Haven, FL$75,400-1.7%
Davenport-Moline-Rock Island, IA-IL$75,380-1.7%
Cincinnati, OH-KY-IN$75,300-1.8%
Decatur, IL$75,190-2.0%
Ithaca, NY$75,060-2.1%
Bremerton-Silverdale-Port Orchard, WA$75,010-2.2%
Sandusky, OH$74,960-2.3%
Terre Haute, IN$74,890-2.3%
Indianapolis-Carmel-Greenwood, IN$74,790-2.5%
Eau Claire, WI$74,670-2.6%
Peoria, IL$74,530-2.8%
St. Louis, MO-IL$74,510-2.8%
Lancaster, PA$74,450-2.9%
Scranton--Wilkes-Barre, PA$74,430-2.9%
Toledo, OH$74,400-3.0%
Lebanon, PA$74,380-3.0%
Panama City-Panama City Beach, FL$74,220-3.2%
Lewiston, ID-WA$74,190-3.3%
Olympia-Lacey-Tumwater, WA$74,130-3.3%
Grand Junction, CO$74,080-3.4%
Elkhart-Goshen, IN$74,060-3.4%
Dallas-Fort Worth-Arlington, TX$73,930-3.6%
Port St. Lucie, FL$73,920-3.6%
Pittsburgh, PA$73,360-4.3%
Duluth, MN-WI$73,240-4.5%
Slidell-Mandeville-Covington, LA$73,070-4.7%
Winston-Salem, NC$73,070-4.7%
Waterloo-Cedar Falls, IA$72,990-4.8%
Lansing-East Lansing, MI$72,890-5.0%
Mobile, AL$72,860-5.0%
Anchorage, AK$72,800-5.1%
Cape Coral-Fort Myers, FL$72,770-5.1%
Kennewick-Richland, WA$72,690-5.2%
Missoula, MT$72,550-5.4%
Kalamazoo-Portage, MI$72,330-5.7%
Grand Island, NE$72,310-5.7%
Tampa-St. Petersburg-Clearwater, FL$72,220-5.8%
Akron, OH$72,080-6.0%
Midland, TX$72,030-6.1%
Punta Gorda, FL$71,920-6.2%
Auburn-Opelika, AL$71,860-6.3%
Grand Rapids-Wyoming-Kentwood, MI$71,760-6.4%
Miami-Fort Lauderdale-West Palm Beach, FL$71,510-6.8%
Palm Bay-Melbourne-Titusville, FL$71,450-6.8%
Bowling Green, KY$71,020-7.4%
Victoria, TX$70,790-7.7%
Joplin, MO-KS$70,170-8.5%
Sherman-Denison, TX$69,900-8.9%
Decatur, AL$69,800-9.0%
Richmond, VA$69,610-9.2%
Fayetteville, NC$69,410-9.5%
Urban Honolulu, HI$69,150-9.8%
Johnstown, PA$68,820-10.3%
Gainesville, FL$68,810-10.3%
Binghamton, NY$68,680-10.4%
Baltimore-Columbia-Towson, MD$68,470-10.7%
Waco, TX$68,210-11.1%
Chico, CA$68,170-11.1%
Houston-Pasadena-The Woodlands, TX$67,560-11.9%
Orlando-Kissimmee-Sanford, FL$67,460-12.0%
Morgantown, WV$67,440-12.1%
Goldsboro, NC$67,370-12.2%
Bloomington, IL$67,140-12.5%
College Station-Bryan, TX$67,060-12.6%
Midland, MI$66,880-12.8%
San Antonio-New Braunfels, TX$66,810-12.9%
Birmingham, AL$66,740-13.0%
Longview, TX$66,620-13.1%
Harrisburg-Carlisle, PA$66,500-13.3%
Allentown-Bethlehem-Easton, PA-NJ$66,480-13.3%
Oklahoma City, OK$66,480-13.3%
Boise City, ID$66,450-13.4%
Ocala, FL$66,310-13.5%
Sebastian-Vero Beach-West Vero Corridor, FL$66,300-13.5%
Daphne-Fairhope-Foley, AL$66,250-13.6%
Dothan, AL$66,230-13.6%
Dayton-Kettering-Beavercreek, OH$66,070-13.8%
Pinehurst-Southern Pines, NC$66,060-13.9%
Kingston, NY$65,870-14.1%
Charleston-North Charleston, SC$65,580-14.5%
Las Vegas-Henderson-North Las Vegas, NV$65,550-14.5%
Myrtle Beach-Conway-North Myrtle Beach, SC$65,170-15.0%
Flint, MI$65,050-15.2%
Pensacola-Ferry Pass-Brent, FL$65,030-15.2%
Harrisonburg, VA$65,010-15.2%
Fairbanks-College, AK$64,990-15.3%
Jacksonville, FL$64,960-15.3%
Athens-Clarke County, GA$64,780-15.5%
Helena, MT$64,740-15.6%
Roanoke, VA$64,720-15.6%
Columbia, SC$64,660-15.7%
Oxnard-Thousand Oaks-Ventura, CA$64,470-15.9%
Louisville/Jefferson County, KY-IN$64,460-15.9%
Jefferson City, MO$64,430-16.0%
Lexington Park, MD$64,390-16.0%
Niles, MI$64,250-16.2%
Laredo, TX$64,170-16.3%
Durham-Chapel Hill, NC$64,130-16.4%
Elizabethtown, KY$64,090-16.4%
Tuscaloosa, AL$64,080-16.4%
Virginia Beach-Chesapeake-Norfolk, VA-NC$64,080-16.4%
Cheyenne, WY$64,050-16.5%
Rocky Mount, NC$64,040-16.5%
Brownsville-Harlingen, TX$64,000-16.5%
Florence-Muscle Shoals, AL$63,870-16.7%
Knoxville, TN$63,830-16.8%
Traverse City, MI$63,820-16.8%
Lexington-Fayette, KY$63,760-16.9%
Oshkosh-Neenah, WI$63,600-17.1%
Johnson City, TN$63,590-17.1%
Evansville, IN$63,560-17.1%
Lubbock, TX$63,520-17.2%
Montgomery, AL$63,510-17.2%
Great Falls, MT$63,460-17.3%
Muncie, IN$63,460-17.3%
Hickory-Lenoir-Morganton, NC$63,420-17.3%
Staunton-Stuarts Draft, VA$63,390-17.3%
Greenville, NC$63,340-17.4%
Fort Wayne, IN$63,320-17.4%
Winchester, VA-WV$63,320-17.4%
Warner Robins, GA$63,270-17.5%
Memphis, TN-MS-AR$63,250-17.5%
South Bend-Mishawaka, IN-MI$63,130-17.7%
St. Joseph, MO-KS$63,080-17.7%
Crestview-Fort Walton Beach-Destin, FL$62,890-18.0%
Springfield, OH$62,860-18.0%
Valdosta, GA$62,850-18.0%
Nashville-Davidson--Murfreesboro--Franklin, TN$62,800-18.1%
Chambersburg, PA$62,770-18.2%
Saginaw, MI$62,740-18.2%
Bloomington, IN$62,720-18.2%
Little Rock-North Little Rock-Conway, AR$62,720-18.2%
Rome, GA$62,660-18.3%
Reading, PA$62,630-18.3%
Kankakee, IL$62,570-18.4%
Houma-Bayou Cane-Thibodaux, LA$62,530-18.5%
Chattanooga, TN-GA$62,460-18.6%
Lima, OH$62,430-18.6%
Albuquerque, NM$62,250-18.8%
New Orleans-Metairie, LA$62,240-18.8%
North Port-Bradenton-Sarasota, FL$62,210-18.9%
Muskegon-Norton Shores, MI$62,190-18.9%
Reno, NV$62,180-18.9%
Altoona, PA$62,150-19.0%
Hagerstown-Martinsburg, MD-WV$62,060-19.1%
York-Hanover, PA$62,030-19.1%
Greenville-Anderson-Greer, SC$61,990-19.2%
Hilton Head Island-Bluffton-Port Royal, SC$61,920-19.3%
Utica-Rome, NY$61,910-19.3%
Phoenix-Mesa-Chandler, AZ$61,850-19.4%
Anniston-Oxford, AL$61,740-19.5%
Jackson, TN$61,500-19.8%
McAllen-Edinburg-Mission, TX$61,500-19.8%
Spartanburg, SC$61,430-19.9%
Billings, MT$61,350-20.0%
Dalton, GA$61,310-20.1%
Tallahassee, FL$61,270-20.1%
Hammond, LA$61,180-20.2%
Amarillo, TX$61,160-20.3%
Salt Lake City-Murray, UT$61,150-20.3%
Jackson, MS$61,110-20.3%
Las Cruces, NM$61,110-20.3%
Yuma, AZ$61,110-20.3%
Fort Smith, AR-OK$61,050-20.4%
San Angelo, TX$60,860-20.6%
Kokomo, IN$60,780-20.7%
Killeen-Temple, TX$60,750-20.8%
Mansfield, OH$60,750-20.8%
Salisbury, MD$60,700-20.9%
Florence, SC$60,670-20.9%
Twin Falls, ID$60,640-20.9%
Charlottesville, VA$60,610-21.0%
Williamsport, PA$60,600-21.0%
Jackson, MI$60,540-21.1%
Youngstown-Warren, OH$60,530-21.1%
Beaumont-Port Arthur, TX$60,440-21.2%
Clarksville, TN-KY$60,270-21.4%
Kingsport-Bristol, TN-VA$60,250-21.4%
Alexandria, LA$60,150-21.6%
Paducah, KY-IL$60,080-21.7%
Savannah, GA$59,980-21.8%
Macon-Bibb County, GA$59,940-21.8%
Prescott Valley-Prescott, AZ$59,860-21.9%
Michigan City-La Porte, IN$59,700-22.2%
Augusta-Richmond County, GA-SC$59,660-22.2%
Battle Creek, MI$59,640-22.2%
Lawton, OK$59,640-22.2%
State College, PA$59,540-22.4%
Logan, UT-ID$59,490-22.4%
Austin-Round Rock-San Marcos, TX$59,210-22.8%
Parkersburg-Vienna, WV$59,180-22.8%
Monroe, LA$59,150-22.9%
Baton Rouge, LA$59,080-23.0%
Wheeling, WV-OH$59,060-23.0%
Wildwood-The Villages, FL$59,050-23.0%
Columbus, IN$59,040-23.0%
Idaho Falls, ID$59,040-23.0%
Lafayette, LA$58,960-23.1%
El Paso, TX$58,910-23.2%
Farmington, NM$58,740-23.4%
Owensboro, KY$58,730-23.4%
Hattiesburg, MS$58,560-23.6%
Lynchburg, VA$58,550-23.7%
Dover, DE$58,540-23.7%
Tucson, AZ$58,440-23.8%
Greensboro-High Point, NC$58,400-23.8%
Charleston, WV$58,390-23.9%
Texarkana, TX-AR$58,350-23.9%
Wichita Falls, TX$58,240-24.1%
Kahului-Wailuku, HI$58,140-24.2%
Jacksonville, NC$57,920-24.5%
Canton-Massillon, OH$57,720-24.7%
Cleveland, TN$57,010-25.7%
Huntington-Ashland, WV-KY-OH$57,000-25.7%
Gulfport-Biloxi, MS$56,640-26.1%
Provo-Orem-Lehi, UT$56,570-26.2%
Lake Charles, LA$56,550-26.3%
Monroe, MI$56,450-26.4%
Albany, GA$55,550-27.6%
Corpus Christi, TX$55,530-27.6%
Abilene, TX$55,230-28.0%
Lake Havasu City-Kingman, AZ$55,180-28.0%
Erie, PA$54,530-28.9%
Gadsden, AL$54,360-29.1%
Santa Fe, NM$52,960-30.9%
Shreveport-Bossier City, LA$52,730-31.2%
Burlington, NC$52,590-31.4%
Weirton-Steubenville, WV-OH$52,380-31.7%
Tyler, TX$51,870-32.4%
St. George, UT$51,760-32.5%
Carson City, NV$50,690-33.9%
Ogden, UT$50,410-34.3%
Columbus, GA-AL$50,010-34.8%
Beckley, WV$49,680-35.2%
Gainesville, GA$47,610-37.9%
Morristown, TN$47,130-38.5%
Guam$45,180-41.1%
Virgin Islands$44,780-41.6%
Mayaguez, PR$35,890-53.2%
San Juan-Bayamon-Caguas, PR$35,850-53.3%
Puerto Rico$35,730-53.4%
Arecibo, PR$34,900-54.5%
Aguadilla, PR$32,930-57.1%
Ponce, PR$32,070-58.2%
Data Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS). Data reflects the most recent annual survey.