Research Summary. After extensive research by the Zippia data science team, we identified these details of loan processor salary by state for the United States:
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West Virginia has the highest loan processor salary of $49,167
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Maine has the lowest loan processor salary of $32,752
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The national average salary for loan processors is $38,122
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The national hourly pay for loan processors is $18.33
You can read more on the specific methodology.
Background
In today’s labor market, salary remains a crucial factor for individuals considering career choices. For many, understanding how much loan processors earn in their area is essential.
While individual salaries can vary based on factors such as experience and specific job responsibilities, reliable data on average salaries for loan processors is available for each state across the U.S. This information provides a broad understanding of potential earnings in this field.
As of 2026, West Virginia continues to lead with the highest salary for loan processors. Below is a snapshot of the top ten states for loan processor salaries:
Let’s take a closer look at how these salaries compare across states.
Highest-Paid Loan Processors By State
| Rank | State | Average Loan Processor Salary | 10th Percentile | 90th Percentile |
|---|---|---|---|---|
| 1 | West Virginia | $49,167 | $34,000 | $69,000 |
| 2 | California | $45,801 | $32,000 | $64,000 |
| 3 | New Jersey | $44,973 | $32,000 | $63,000 |
| 4 | Maryland | $44,665 | $31,000 | $64,000 |
| 5 | New York | $44,592 | $31,000 | $62,000 |
| 6 | Nevada | $43,285 | $30,000 | $60,000 |
| 7 | Washington | $42,613 | $32,000 | $56,000 |
| 8 | Arizona | $42,587 | $30,000 | $59,000 |
| 9 | Virginia | $42,389 | $29,000 | $60,000 |
| 10 | Hawaii | $41,693 | $33,000 | $51,000 |
| 11 | Oregon | $41,418 | $30,000 | $55,000 |
| 12 | North Carolina | $41,179 | $29,000 | $57,000 |
| 13 | Colorado | $41,024 | $30,000 | $55,000 |
| 14 | Rhode Island | $40,339 | $30,000 | $54,000 |
| 15 | Connecticut | $40,104 | $29,000 | $54,000 |
| 16 | Massachusetts | $39,795 | $29,000 | $52,000 |
| 17 | Alaska | $39,719 | $32,000 | $48,000 |
| 18 | Texas | $39,380 | $28,000 | $55,000 |
| 19 | Vermont | $38,600 | $30,000 | $49,000 |
| 20 | Oklahoma | $38,199 | $27,000 | $52,000 |
| 21 | Pennsylvania | $37,753 | $26,000 | $53,000 |
| 22 | New Mexico | $37,709 | $27,000 | $52,000 |
| 23 | New Hampshire | $37,633 | $28,000 | $49,000 |
| 24 | North Dakota | $37,406 | $28,000 | $49,000 |
| 25 | Kansas | $37,402 | $27,000 | $50,000 |
| 26 | Indiana | $37,397 | $27,000 | $51,000 |
| 27 | Michigan | $37,290 | $26,000 | $51,000 |
| 28 | Idaho | $37,251 | $27,000 | $49,000 |
| 29 | Illinois | $37,143 | $27,000 | $50,000 |
| 30 | Alabama | $36,939 | $26,000 | $50,000 |
| 31 | Minnesota | $36,863 | $27,000 | $49,000 |
| 32 | Florida | $36,745 | $26,000 | $51,000 |
| 33 | Mississippi | $36,284 | $26,000 | $50,000 |
| 34 | Delaware | $36,226 | $25,000 | $51,000 |
| 35 | Louisiana | $36,118 | $25,000 | $50,000 |
| 36 | Tennessee | $36,028 | $26,000 | $49,000 |
| 37 | Wisconsin | $35,853 | $26,000 | $48,000 |
| 38 | Utah | $35,841 | $26,000 | $48,000 |
| 39 | Georgia | $35,813 | $26,000 | $49,000 |
| 40 | Wyoming | $35,419 | $26,000 | $47,000 |
| 41 | Ohio | $35,100 | $24,000 | $49,000 |
| 42 | South Carolina | $34,968 | $25,000 | $48,000 |
| 43 | Missouri | $34,828 | $25,000 | $47,000 |
| 44 | Montana | $34,553 | $26,000 | $45,000 |
| 45 | South Dakota | $34,220 | $25,000 | $45,000 |
| 46 | Kentucky | $34,187 | $24,000 | $46,000 |
| 47 | Arkansas | $34,172 | $24,000 | $46,000 |
| 48 | Nebraska | $33,931 | $25,000 | $45,000 |
| 49 | Iowa | $32,920 | $24,000 | $44,000 |
| 50 | Maine | $32,752 | $25,000 | $41,000 |
Methodology: Loan Processor Salary By State
To better understand loan processor pay by state, Zippia has aggregated data from various reputable sources, including the BLS, FLC, and OPM, supplemented by actual salary listings from job postings. This data is used to calculate a weighted average salary for loan processors, offering a comprehensive overview of pay by state.
We ranked each state based on these average annual salary figures, identifying the state with the highest salary as the leader in loan processor earnings.
Loan Processor Salary By State FAQs
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What is the highest-paid state for loan processors?
The highest-paid state for loan processors is West Virginia with an average salary of $49,167 per year.
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What city pays loan processors the most?
San Francisco, CA pays loan processors the most with an average salary of $46,606 per year.
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What is the worst state for loan processors?
The worst state for loan processors is Maine with an average salary of $32,752 per year.
Author
Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.
