This question is about what a loan assistant does, what a loan officer does, and loan assistant salaries.

Do loan officers make good money?

By Zippia Team - Dec. 17, 2021

Yes, loan officers can make good money. The mean salary for loan officers is around $63,000 a year, but the actual amount a person will earn depends on their level of experience and ability.

For example, it is common for entry-level loan officers to make less than $50,000 in a year. Most entry-level loan officers' salaries range between $35,000 to $45,000, with top earners making only $60,000 annually across the United States.

However, salaries can easily be in the five figures for seasoned loan officers skilled at closing on all types of loans.

The top locations for higher-level salaries for loan officers are in San Francisco, CA, Washington D.C., and Santa Clara, CA. Both San Francisco and Santa Clara beat the national average by about 16%, with an average salary of over $92,000, while Washington D.C. comes in with an average salary of just under $92,0000.

Choose from 10+ customizable resume templates

Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.