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Best states for a loan officer/loan processor
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
Not all states present equal opportunity for employees, and when it comes to loan officer/loan processor jobs, it's no different. We know how hard job search can be, and in order to make your life a little easier, we have the information you need in order to determine where you might want to start your job search. Turns out, the median salary for the highest 10% of loan officers/loan processor in America is $76,000.
New Jersey is the best state for jobs for loan officers/loan processor, and Utah is the worst. The most common pay in New Jersey is $59,402, while the median pay in Utah is $38,015.We found that the West is best for loan officers/loan processor, and the Northeast is the worst. Columbia, MD is the best city in the country for loan officer/loan processor jobs, where as New Jersey is the best state in the country.
10 best states for loan officers/loan processor in 2026
1. New Jersey
Total loan officer/loan processor jobs: 1,436 Average annual salary: $59,402 Lowest 10 percent earn: $36,000 Highest 10 percent earn: $97,000 Location Quotient: 1.24
2. Rhode Island
Total loan officer/loan processor jobs: 220 Average annual salary: $57,567 Lowest 10 percent earn: $35,000 Highest 10 percent earn: $92,000 Location Quotient: 1.24
3. Maine
Total loan officer/loan processor jobs: 239 Average annual salary: $56,247 Lowest 10 percent earn: $36,000 Highest 10 percent earn: $87,000 Location Quotient: 1.23
4. New Mexico
Total loan officer/loan processor jobs: 319 Average annual salary: $58,731 Lowest 10 percent earn: $36,000 Highest 10 percent earn: $93,000 Location Quotient: 1.11
5. South Dakota
Total loan officer/loan processor jobs: 166 Average annual salary: $56,166 Lowest 10 percent earn: $38,000 Highest 10 percent earn: $81,000 Location Quotient: 1.06
6. Maryland
Total loan officer/loan processor jobs: 1,038 Average annual salary: $58,091 Lowest 10 percent earn: $35,000 Highest 10 percent earn: $95,000 Location Quotient: 1.12
7. New York
Total loan officer/loan processor jobs: 2,110 Average annual salary: $56,146 Lowest 10 percent earn: $34,000 Highest 10 percent earn: $91,000 Location Quotient: 1.13
8. Minnesota
Total loan officer/loan processor jobs: 1,392 Average annual salary: $50,656 Lowest 10 percent earn: $35,000 Highest 10 percent earn: $72,000 Location Quotient: 1.43
9. Arkansas
Total loan officer/loan processor jobs: 344 Average annual salary: $57,259 Lowest 10 percent earn: $35,000 Highest 10 percent earn: $91,000 Location Quotient: 0.9
10. North Carolina
Total loan officer/loan processor jobs: 1,678 Average annual salary: $49,948 Lowest 10 percent earn: $30,000 Highest 10 percent earn: $82,000 Location Quotient: 1.2
Loan officer/loan processor jobsNear Columbus, OH
How Zippia determines the best states to be a loan officer/loan processor
You can read about how the best state rankings are calculated here.
Detailed list of the best states for a loan officer/loan processor
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | New Jersey | $59,402 | $36,000 | 9,005,644 | 1,436 |
| 2 | Rhode Island | $57,567 | $35,000 | 1,059,639 | 220 |
| 3 | Maine | $56,247 | $36,000 | 1,335,907 | 239 |
| 4 | New Mexico | $58,731 | $36,000 | 2,088,070 | 319 |
| 5 | South Dakota | $56,166 | $38,000 | 869,666 | 166 |
| 6 | Maryland | $58,091 | $35,000 | 6,052,177 | 1,038 |
| 7 | New York | $56,146 | $34,000 | 19,849,399 | 2,110 |
| 8 | Minnesota | $50,656 | $35,000 | 5,576,606 | 1,392 |
| 9 | Arkansas | $57,259 | $35,000 | 3,004,279 | 344 |
| 10 | North Carolina | $49,948 | $30,000 | 10,273,419 | 1,678 |
| 11 | Vermont | $52,404 | $33,000 | 623,657 | 116 |
| 12 | West Virginia | $47,036 | $29,000 | 1,815,857 | 268 |
| 13 | Massachusetts | $52,639 | $32,000 | 6,859,819 | 1,509 |
| 14 | Colorado | $49,536 | $32,000 | 5,607,154 | 1,115 |
| 15 | Texas | $51,840 | $31,000 | 28,304,596 | 2,923 |
| 16 | Michigan | $47,638 | $30,000 | 9,962,311 | 1,272 |
| 17 | Connecticut | $53,217 | $32,000 | 3,588,184 | 466 |
| 18 | Nebraska | $46,903 | $31,000 | 1,920,076 | 402 |
| 19 | Wyoming | $50,054 | $33,000 | 579,315 | 54 |
| 20 | Washington | $51,162 | $35,000 | 7,405,743 | 1,069 |
| 21 | New Hampshire | $51,052 | $32,000 | 1,342,795 | 227 |
| 22 | North Dakota | $44,719 | $32,000 | 755,393 | 185 |
| 23 | Ohio | $46,565 | $29,000 | 11,658,609 | 1,479 |
| 24 | South Carolina | $49,000 | $29,000 | 5,024,369 | 609 |
| 25 | Oklahoma | $46,437 | $29,000 | 3,930,864 | 424 |
| 26 | Illinois | $44,830 | $29,000 | 12,802,023 | 2,174 |
| 27 | Kentucky | $45,643 | $28,000 | 4,454,189 | 541 |
| 28 | Kansas | $45,214 | $29,000 | 2,913,123 | 465 |
| 29 | District of Columbia | $53,268 | $32,000 | 693,972 | 63 |
| 30 | Missouri | $44,622 | $28,000 | 6,113,532 | 963 |
| 31 | Virginia | $44,546 | $27,000 | 8,470,020 | 1,579 |
| 32 | Pennsylvania | $45,400 | $27,000 | 12,805,537 | 1,577 |
| 33 | Hawaii | $55,084 | $45,000 | 1,427,538 | 69 |
| 34 | Arizona | $41,459 | $26,000 | 7,016,270 | 1,445 |
| 35 | Montana | $47,178 | $33,000 | 1,050,493 | 75 |
| 36 | Iowa | $41,694 | $27,000 | 3,145,711 | 614 |
| 37 | Idaho | $40,095 | $27,000 | 1,716,943 | 403 |
| 38 | Oregon | $45,799 | $30,000 | 4,142,776 | 569 |
| 39 | Georgia | $42,713 | $25,000 | 10,429,379 | 1,672 |
| 40 | Nevada | $39,623 | $24,000 | 2,998,039 | 476 |
| 41 | Louisiana | $42,601 | $25,000 | 4,684,333 | 438 |
| 42 | Wisconsin | $42,174 | $28,000 | 5,795,483 | 793 |
| 43 | Tennessee | $41,203 | $25,000 | 6,715,984 | 794 |
| 44 | Mississippi | $36,525 | $22,000 | 2,984,100 | 400 |
| 45 | Indiana | $38,965 | $24,000 | 6,666,818 | 1,049 |
| 46 | Delaware | $42,419 | $25,000 | 961,939 | 133 |
| 47 | Alabama | $37,485 | $22,000 | 4,874,747 | 684 |
| 48 | Alaska | $36,583 | $31,000 | 739,795 | 58 |
| 49 | Florida | $40,413 | $23,000 | 20,984,400 | 1,374 |
| 50 | California | $41,307 | $25,000 | 39,536,653 | 2,000 |
| 51 | Utah | $38,015 | $24,000 | 3,101,833 | 286 |
Highest paying states for loan officers/loan processor
| Rank | State | Avg. Loan Officer/Loan Processor Salary |
|---|---|---|
| 1 | New Jersey | $59,402 |
| 2 | Rhode Island | $57,567 |
| 3 | Maine | $56,247 |
| 4 | New Mexico | $58,731 |
| 5 | South Dakota | $56,166 |
| 6 | Maryland | $58,091 |
| 7 | New York | $56,146 |
| 8 | Minnesota | $50,656 |
| 9 | Arkansas | $57,259 |
| 10 | North Carolina | $49,948 |
| 11 | Vermont | $52,404 |
| 12 | West Virginia | $47,036 |
| 13 | Massachusetts | $52,639 |
| 14 | Colorado | $49,536 |
| 15 | Texas | $51,840 |
| 16 | Michigan | $47,638 |
| 17 | Connecticut | $53,217 |
| 18 | Nebraska | $46,903 |
| 19 | Wyoming | $50,054 |
| 20 | Washington | $51,162 |
| 21 | New Hampshire | $51,052 |
| 22 | North Dakota | $44,719 |
| 23 | Ohio | $46,565 |
| 24 | South Carolina | $49,000 |
| 25 | Oklahoma | $46,437 |
| 26 | Illinois | $44,830 |
| 27 | Kentucky | $45,643 |
| 28 | Kansas | $45,214 |
| 29 | District of Columbia | $53,268 |
| 30 | Missouri | $44,622 |
| 31 | Virginia | $44,546 |
| 32 | Pennsylvania | $45,400 |
| 33 | Hawaii | $55,084 |
| 34 | Arizona | $41,459 |
| 35 | Montana | $47,178 |
| 36 | Iowa | $41,694 |
| 37 | Idaho | $40,095 |
| 38 | Oregon | $45,799 |
| 39 | Georgia | $42,713 |
| 40 | Nevada | $39,623 |
| 41 | Louisiana | $42,601 |
| 42 | Wisconsin | $42,174 |
| 43 | Tennessee | $41,203 |
| 44 | Mississippi | $36,525 |
| 45 | Indiana | $38,965 |
| 46 | Delaware | $42,419 |
| 47 | Alabama | $37,485 |
| 48 | Alaska | $36,583 |
| 49 | Florida | $40,413 |
| 50 | California | $41,307 |
| 51 | Utah | $38,015 |
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Updated January 8, 2025