This question is about loan officer salaries.

Do loan officers get commission?

By Zippia Team - Dec. 9, 2022

Yes, some loan officers get commission. However, most of a loan officer's compensation is based on a flat salary or hourly rate and any bonus compensation.

Some loan officers do not get commission and only receive a flat salary and any additional compensation, excluding commissions.

Commissions that some loan officers receive are based on the number of loans a loan officer originates, or how their loans are repaid.

The median annual salary for a loan officer in the United States is $63,960. The lowest 10% of salary earners in this field earn an annual salary right around $32,820, while loan officer earners in the top 10% make an average salary of over $132,290.

The amount of a loan officer's salary that is dependent upon commissions depends on the organization the professional works for.

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