LOAN OFFICER SALARY

Average Yearly Salary
$48,000
$31,000
Min 10%
$48,000
Median 50%
$74,000
Max 90%
Best Paying Company
Seacoast Bank
Highest Paying City
Rancho Cordova, CA
Highest Paying State
Alaska
Average Experience Level
3.1 years
How much does a loan officer make?
Loan Officers in the US make on average $48,485 annually or $23.31 hourly. There is a huge gap between the top 10 percent earners and the bottom 10 percent earners -- about 43,000. The top 10 percent earn over $74,000, while the bottom 10 percent make less than $31,000 annually. Finance companies and Professional companies tend to have the highest concentration of employment in this field. The top 5 states when it comes to Loan Officer salaries are Alaska, Oregon, Washington, Idaho, and Montana. The typical tenure for a Loan Officer is 3.1 years.
Annual Salaries For Related Jobs

Average Loan Officer Salary By Company

Like every industry, there is a range of salaries a Loan Officer makes. The most abundant employment opportunities for Loan Officers are in Finance companies and Professional companies. Seacoast Bank and Bank of America are the highest paying companies. Companies like First Atlantic and BB&T also pay high salaries to their Loan Officers.

Average Loan Officer Salary By Location

As a Loan Officer in the U.S., you can expect to earn on average $48,485 per year or $23.31 per hour. Rancho Cordova, CA reports the highest Loan Officer salaries at $61,558 per year. The average starting salary in Rancho Cordova, CA for Loan Officers is $31,000. Alaska, Oregon, Washington, Idaho, and Montana are the highest paying states. Illinois, Indiana, and New Mexico have the lowest Loan Officer salaries.
RankCityAverage Salary
1
Rancho Cordova, CA
$61,558
2
Seattle, WA
$59,006
3
Miami, FL
$57,964
4
Salt Lake City, UT
$53,726
5
Arlington, MA
$53,564

RECENTLY ADDED Loan Officer SALARIES

Company
Job
Location
Date Added
Salary
10/31/2019
$150,000
Fairway Mortgage NMLS #239840
Loan Officer
Denver, CO
10/31/2019
$100,000
Talent Intelligence
Loan Officer
10/31/2019
$150,000
Atwork Group
Loan Officer
10/31/2019
$25,044
Babich & Associates
Loan Officer
Dallas, TX
10/31/2019
$145,000
Management Recruiters of Wausau
Loan Officer
10/30/2019
$30,000
Management Recruiters of Wausau
Loan Officer
10/28/2019
$40,000
10/26/2019
$35,479
10/21/2019
$45,810
Show More