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Loan coordinator salary
Average loan coordinator salary
$39,836
Understanding the Loan Coordinator Salary Landscape
The average salary for a Loan Coordinator is approximately $39,836 annually, translating to about $19 per hour. Salaries can differ significantly based on factors such as geographical location, years of experience, and the specific financial sector within which one works. For instance, seasoned Loan Coordinators in high-demand areas may earn above average compared to their peers in other regions.
Salary by Experience Level
Entry-level positions typically start lower, while experienced professionals can see their salaries increase substantially. Loan Coordinators with several years of experience often earn salaries exceeding $50,000, especially in robust markets.
Top States for Loan Coordinators
Geographical location plays a crucial role in salary potential. States such as California and New York consistently report higher salaries due to the cost of living and demand for skilled financial professionals. For example, Loan Coordinators in these states may earn upwards of $60,000 annually.
Exploring Job Opportunities
With a variety of positions available across banks, credit unions, and mortgage companies, the job outlook for Loan Coordinators remains positive. Aspiring candidates can enhance their prospects by gaining relevant experience and pursuing certifications in mortgage lending.
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Where can a Loan Coordinator earn more?
Loan coordinator salaries by experience level
Loan coordinator salary estimates from across the web
Average loan coordinator salary by state
The highest-paying states for loan coordinators are West Virginia, Maryland, and North Carolina. The lowest average loan coordinator salary states are Utah, Maine, and Idaho.
- State view
- County view
Highest paying states for loan coordinators
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Arkansas | $43,885 | $21.10 |
| 2 | Arizona | $46,980 | $22.59 |
| 3 | North Carolina | $51,778 | $24.89 |
| 4 | Kansas | $42,270 | $20.32 |
| 5 | Maryland | $51,939 | $24.97 |
| 6 | Delaware | $43,882 | $21.10 |
| 7 | West Virginia | $52,646 | $25.31 |
| 8 | Tennessee | $41,557 | $19.98 |
| 9 | Kentucky | $45,313 | $21.79 |
| 10 | Rhode Island | $41,688 | $20.04 |
| 11 | Wisconsin | $41,562 | $19.98 |
| 12 | Alabama | $40,327 | $19.39 |
| 13 | Oklahoma | $39,917 | $19.19 |
| 14 | North Dakota | $39,534 | $19.01 |
| 15 | Pennsylvania | $41,152 | $19.78 |
| 16 | Massachusetts | $45,165 | $21.71 |
| 17 | Illinois | $41,588 | $19.99 |
| 18 | California | $46,802 | $22.50 |
| 19 | Colorado | $42,081 | $20.23 |
| 20 | Minnesota | $39,792 | $19.13 |
| 21 | Florida | $39,954 | $19.21 |
| 22 | Washington | $42,834 | $20.59 |
| 23 | Hawaii | $42,440 | $20.40 |
| 24 | Ohio | $38,610 | $18.56 |
| 25 | New Mexico | $38,012 | $18.27 |
| 26 | Indiana | $40,173 | $19.31 |
| 27 | Louisiana | $40,930 | $19.68 |
| 28 | Georgia | $40,154 | $19.30 |
| 29 | South Dakota | $36,539 | $17.57 |
| 30 | Alaska | $40,845 | $19.64 |
| 31 | Wyoming | $37,342 | $17.95 |
| 32 | Vermont | $39,954 | $19.21 |
| 33 | Texas | $38,230 | $18.38 |
| 34 | Connecticut | $41,305 | $19.86 |
| 35 | Nevada | $37,883 | $18.21 |
| 36 | New Jersey | $39,253 | $18.87 |
| 37 | Oregon | $40,659 | $19.55 |
| 38 | Mississippi | $36,645 | $17.62 |
| 39 | Virginia | $40,424 | $19.43 |
| 40 | Michigan | $37,070 | $17.82 |
| 41 | New Hampshire | $38,807 | $18.66 |
| 42 | Montana | $36,796 | $17.69 |
| 43 | Idaho | $35,346 | $16.99 |
| 44 | South Carolina | $37,524 | $18.04 |
| 45 | Utah | $36,126 | $17.37 |
| 46 | New York | $37,846 | $18.20 |
| 47 | Maine | $35,633 | $17.13 |
| 48 | Missouri | $34,744 | $16.70 |
| 49 | Iowa | $34,178 | $16.43 |
| 50 | Nebraska | $35,135 | $16.89 |
| 51 | District of Columbia | $34,664 | $16.67 |
Highest paying cities for loan coordinators
The highest-paying cities for loan coordinators are Raleigh, NC, Santa Cruz, CA, and Chandler, AZ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Raleigh, NC | $52,508 | $25.24 |
| 2 | Santa Cruz, CA | $47,750 | $22.96 |
| 3 | Chandler, AZ | $46,991 | $22.59 |
| 4 | Cabot, AR | $43,948 | $21.13 |
| 5 | Bellevue, WA | $42,884 | $20.62 |
| 6 | Longmont, CO | $41,992 | $20.19 |
| 7 | Chicago, IL | $41,731 | $20.06 |
| 8 | Portland, OR | $40,522 | $19.48 |
| 9 | Jersey City, NJ | $38,965 | $18.73 |
| 10 | Columbus, OH | $38,810 | $18.66 |
| 11 | Austin, TX | $38,402 | $18.46 |
| 12 | New York, NY | $38,112 | $18.32 |
| 13 | Greer, SC | $37,615 | $18.08 |
| 14 | Olive Branch, MS | $36,114 | $17.36 |
| 15 | Cape Girardeau, MO | $34,923 | $16.79 |
Loan coordinator salary details
A loan coordinator's salary ranges from $30,000 a year at the 10th percentile to $51,000 at the 90th percentile.
What is a loan coordinator's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $51,000 | $4,250 | $25 |
| 75th Percentile | $45,000 | $3,750 | $22 |
| Average | $39,836 | $3,320 | $19 |
| 25th Percentile | $34,000 | $2,833 | $16 |
| 10th Percentile | $30,000 | $2,500 | $14 |
Highest paying loan coordinator jobs
The highest paying types of loan coordinators are loan servicing specialist, loan officer, and mortgage loan processor.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Mortgage Processor | $40,527 | $3,377 | $19.48 | 9,057 |
| Post Closer | $38,045 | $3,170 | $18.29 | 10,407 |
| Mortgage Loan Processor | $43,594 | $3,633 | $20.96 | 16,276 |
| Loan Officer | $45,817 | $3,818 | $22.03 | 63,663 |
| Loan Services Representative | $38,603 | $3,217 | $18.56 | 85,475 |
Top companies hiring loan coordinators now:
Which companies pay loan coordinators the most?
Loan coordinator salaries at JPMorgan Chase & Co. and Stifel Financial are the highest-paying according to our most recent salary estimates. In addition, the average loan coordinator salary at companies like Citi and University of California, Berkeley are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | JPMorgan Chase & Co. | $53,494 | $25.72 |
| 2 | Stifel Financial | $51,996 | $25.00 |
| 3 | Citi | $51,417 | $24.72 |
| 4 | University of California-Berkeley | $50,222 | $24.15 |
| 5 | World Class Automotive Group LP | $48,019 | $23.09 |
| 6 | Busey | $47,404 | $22.79 |
| 7 | Mercedes-Benz of Escondido | $46,025 | $22.13 |
| 8 | Center for NYC Neighborhoods | $45,864 | $22.05 |
| 9 | Bank of America | $44,280 | $21.29 |
| 10 | Independent Bank | $43,819 | $21.07 |
| 11 | Southwest Business Corporation | $43,715 | $21.02 |
| 12 | Symetra | $42,528 | $20.45 |
| 13 | VitalSource | $42,220 | $20.30 |
| 14 | Zimmer Biomet | $42,130 | $20.25 |
| 15 | South Motor Company Of Dade County | $42,069 | $20.23 |
| 16 | Fortifi Bank | $42,068 | $20.23 |
| 17 | E & S Inc | $42,068 | $20.23 |
| 18 | Canadian Imperial Holdings, Inc. | $42,068 | $20.23 |
| 19 | Theresa Allison MD | $41,936 | $20.16 |
| 20 | Career Education | $41,615 | $20.01 |
Wage gap by gender, race and education
Loan coordinator salary trends
The average loan coordinator salary has risen by $6,308 over the last ten years. In 2014, the average loan coordinator earned $33,528 annually, but today, they earn $39,836 a year. That works out to a 7% change in pay for loan coordinators over the last decade.
Compare loan coordinator salaries for cities or states with the national average over time.
Average loan coordinator salary over time
Compare loan coordinator salaries for individual cities or states with the national average.
Loan coordinator salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $39,800 | $19.15 | +1.8% |
| 2024 | $39,100 | $18.81 | +1.8% |
| 2023 | $38,400 | $18.47 | +2.1% |
| 2022 | $37,600 | $18.08 | +1.1% |
| 2021 | $37,200 | $17.88 | +2.4% |
Recently added loan coordinator salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Veterans United Home Loans | Loan Coordinator-Kansas City Area | Lenexa, KS | 06/30/2025 | $50,000 |
| Veterans United Home Loans | Loan Coordinator-ST. Louis Area | Saint Louis, MO | 06/30/2025 | $50,000 |
| First Tech Federal Credit Union | Commercial Loan Coordinator (Hybrid) | Hillsboro, OR | 06/29/2025 | $56,349 |
| Central Bancompany | Commercial Loan Coordinator | Greenwood Village, CO | 06/27/2025 | $56,829 |
| Farm Credit East | Loan Coordinator | Auburn, ME | 06/26/2025 | $50,000 |
| Rallye Motor Company | Automotive Loaner Coordinator-Acura | Roslyn, NY | 06/25/2025 | $39,653 |
| Busey Bank | Commercial Loan Coordinator II | Kansas City, MO | 06/24/2025 | $46,958 |
| Hamline University | Acquisition/Interlibrary Loan Coordinator | Saint Paul, MN | 06/24/2025 | $40,697 |
| Washington Federal | Commercial Loan Coordinator-Senior | Seattle, WA | 06/20/2025 | $65,000 |
| Regions Bank | Mortgage Loan Coordinator | Atlanta, GA | 06/11/2025 | $50,500 |
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