Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Commercial loan officer salary
Average commercial loan officer salary
$70,876
Average Commercial Loan Officer Salary
As of October 2025, the average salary for a Commercial Loan Officer is approximately $70,876 per year, translating to around $34 per hour. This figure reflects a combination of factors such as experience, education, and geographical location.
Salary by Experience Level
Entry-level positions typically start lower, while those with several years of experience can command higher salaries. For instance:
- Entry-level: $50,000 - $60,000
- Mid-career: $70,000 - $80,000
- Senior-level: $90,000+
Regional Salary Variations
Salary estimates also vary significantly by state. For example, states like California and New York often offer higher compensation due to higher living costs and demand for skilled professionals. Understanding the regional differences can aid in making informed career decisions.
Commercial Loan Officer Career Opportunities
This role not only provides a competitive salary but also opportunities for advancement into senior management or specialized financial roles. Networking and professional development can enhance earning potential and career satisfaction.
Let Zippia find your next commercial loan officer job
Let Zippia find your next commercial loan officer job
Where can a Commercial Loan Officer earn more?
Commercial loan officer salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level commercial loan officer | $46,100 | $22.16 |
| Mid-level commercial loan officer | $75,900 | $36.47 |
| Senior-level commercial loan officer | $135,000 | $65.09 |
Commercial loan officer salary estimates from across the web
Average commercial loan officer salary by state
The average commercial loan officer salary in Maine, Washington, and Hawaii are the highest in the U.S. The lowest average commercial loan officer salary states are Nevada, Indiana, and Utah.
- State view
- County view
Highest paying states for commercial loan officers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Rhode Island | $80,688 | $38.79 |
| 2 | New Jersey | $82,051 | $39.45 |
| 3 | North Carolina | $78,591 | $37.78 |
| 4 | Massachusetts | $82,189 | $39.51 |
| 5 | Maine | $89,438 | $43.00 |
| 6 | Minnesota | $77,261 | $37.14 |
| 7 | Arkansas | $77,558 | $37.29 |
| 8 | Washington | $86,637 | $41.65 |
| 9 | New Mexico | $78,722 | $37.85 |
| 10 | Vermont | $81,298 | $39.09 |
| 11 | Iowa | $74,157 | $35.65 |
| 12 | Maryland | $80,662 | $38.78 |
| 13 | New York | $77,371 | $37.20 |
| 14 | Delaware | $78,055 | $37.53 |
| 15 | New Hampshire | $75,162 | $36.14 |
| 16 | Colorado | $72,570 | $34.89 |
| 17 | South Dakota | $72,159 | $34.69 |
| 18 | North Dakota | $67,759 | $32.58 |
| 19 | Oregon | $75,703 | $36.40 |
| 20 | Connecticut | $73,921 | $35.54 |
| 21 | Hawaii | $83,497 | $40.14 |
| 22 | South Carolina | $68,424 | $32.90 |
| 23 | Idaho | $62,429 | $30.01 |
| 24 | Wyoming | $70,536 | $33.91 |
| 25 | Michigan | $67,543 | $32.47 |
| 26 | Montana | $71,645 | $34.44 |
| 27 | Ohio | $64,848 | $31.18 |
| 28 | Wisconsin | $66,560 | $32.00 |
| 29 | West Virginia | $65,178 | $31.34 |
| 30 | Florida | $71,510 | $34.38 |
| 31 | Pennsylvania | $62,938 | $30.26 |
| 32 | Nebraska | $65,098 | $31.30 |
| 33 | Oklahoma | $62,540 | $30.07 |
| 34 | Georgia | $59,598 | $28.65 |
| 35 | District of Columbia | $74,079 | $35.61 |
| 36 | Arizona | $57,083 | $27.44 |
| 37 | Missouri | $61,117 | $29.38 |
| 38 | Kentucky | $62,804 | $30.19 |
| 39 | Tennessee | $56,340 | $27.09 |
| 40 | Nevada | $54,582 | $26.24 |
| 41 | California | $56,067 | $26.96 |
| 42 | Texas | $60,630 | $29.15 |
| 43 | Kansas | $61,719 | $29.67 |
| 44 | Louisiana | $58,382 | $28.07 |
| 45 | Mississippi | $49,905 | $23.99 |
| 46 | Alabama | $51,888 | $24.95 |
| 47 | Illinois | $52,457 | $25.22 |
| 48 | Indiana | $54,192 | $26.05 |
| 49 | Alaska | $61,533 | $29.58 |
| 50 | Virginia | $62,422 | $30.01 |
| 51 | Utah | $53,506 | $25.72 |
Highest paying cities for commercial loan officers
The highest-paying cities for commercial loan officers are Fort Lee, NJ, Andover, MA, and Frederick, MD.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Fort Lee, NJ | $82,570 | $39.70 |
| 2 | Andover, MA | $82,385 | $39.61 |
| 3 | Frederick, MD | $80,235 | $38.57 |
| 4 | White Plains, NY | $77,805 | $37.41 |
| 5 | Prior Lake, MN | $76,966 | $37.00 |
| 6 | Portland, OR | $75,753 | $36.42 |
| 7 | Cedar Rapids, IA | $74,633 | $35.88 |
| 8 | Grand Junction, CO | $73,055 | $35.12 |
| 9 | Sioux Falls, SD | $72,366 | $34.79 |
| 10 | Miami, FL | $71,639 | $34.44 |
| 11 | Bozeman, MT | $70,733 | $34.01 |
| 12 | Stevens Point, WI | $66,975 | $32.20 |
| 13 | Ann Arbor, MI | $66,966 | $32.20 |
| 14 | Saint Louis, MO | $61,436 | $29.54 |
| 15 | Houston, TX | $61,373 | $29.51 |
| 16 | San Francisco, CA | $60,625 | $29.15 |
| 17 | Glendale, AZ | $57,195 | $27.50 |
| 18 | Wilmette, IL | $52,759 | $25.36 |
| 19 | Evansville, IN | $52,426 | $25.20 |
Commercial loan officer salary details
A commercial loan officer's salary ranges from $50,000 a year at the 10th percentile to $100,000 at the 90th percentile.
What is a commercial loan officer's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $100,000 | $8,333 | $48 |
| 75th Percentile | $85,000 | $7,083 | $41 |
| Average | $70,876 | $5,906 | $34 |
| 25th Percentile | $59,000 | $4,917 | $28 |
| 10th Percentile | $50,000 | $4,167 | $24 |
Highest paying commercial loan officer jobs
The highest paying types of commercial loan officers are credit officer, senior credit analyst, and bank officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Mortgage Banker | $27,331 | $2,278 | $13.14 | 24,297 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
| Underwriter | $61,751 | $5,146 | $29.69 | 8,510 |
| Loan Administrator | $42,859 | $3,572 | $20.61 | 63,708 |
Top companies hiring commercial loan officers now:
Which companies pay commercial loan officers the most?
Commercial loan officer salaries at Glacier Ban and University of Kentucky Federal Credit Union are the highest-paying according to our most recent salary estimates. In addition, the average commercial loan officer salary at companies like TD Bank and Centennial Bank are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Glacier Ban | $83,361 | $40.08 |
| 2 | University of Kentucky Federal Credit Union | $82,211 | $39.52 |
| 3 | TD Bank | $81,097 | $38.99 |
| 4 | Home Bancshares Inc. | $80,505 | $38.70 |
| 5 | Carolina Farm Credit | $78,106 | $37.55 |
| 6 | GPAC | $77,320 | $37.17 |
| 7 | Farm Credit System | $75,622 | $36.36 |
| 8 | Citizens Bank of Amsterdam | $74,669 | $35.90 |
| 9 | MRI The Boston Group | $74,630 | $35.88 |
| 10 | Evertec | $73,392 | $35.28 |
| 11 | Affinity Credit Union | $72,502 | $34.86 |
| 12 | Old Second Bank | $72,267 | $34.74 |
| 13 | Alaska USA | $71,645 | $34.44 |
| 14 | Recruiting Solutions | $71,599 | $34.42 |
| 15 | Comerica | $70,062 | $33.68 |
| 16 | MIDFLORIDA Credit Union | $69,220 | $33.28 |
| 17 | Fidelity Bank & Trust | $67,915 | $32.65 |
| 18 | Cathay Bank | $67,497 | $32.45 |
| 19 | Southside Bank | $67,240 | $32.33 |
| 20 | Management Recruiters International(MRI) | $66,207 | $31.83 |
Wage gap by gender, race and education
Commercial loan officer salary trends
The average commercial loan officer salary has risen by $6,571 over the last ten years. In 2014, the average commercial loan officer earned $64,305 annually, but today, they earn $70,876 a year. That works out to a 0% change in pay for commercial loan officers over the last decade.
Compare commercial loan officer salaries for cities or states with the national average over time.
Average commercial loan officer salary over time
Compare commercial loan officer salaries for individual cities or states with the national average.
Commercial loan officer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $70,900 | $34.07 | +1.1% |
| 2024 | $70,100 | $33.71 | +0.4% |
| 2023 | $69,900 | $33.58 | -2.6% |
| 2022 | $71,700 | $34.45 | +1.6% |
| 2021 | $70,500 | $33.91 | +0.3% |
Recently added commercial loan officer salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Pico de Gallo | Passenger Endorsed CDL Officer | Henderson, TX | 06/29/2025 | $48,001 |
| Self-Help Careers | Commercial Loan Officer II | Greensboro, NC | 06/28/2025 | $111,400 |
| PB&T Bank | Commercial Loan Officer-Summit County | Pueblo, CO | 06/28/2025 | $105,000 |
| Levo Federal Credit Union | Commercial Loan Officer/Commercial Banker | Le Mars, IA | 06/26/2025 | $63,000 |
| Threepds Inc. | Commercial Loan Officer | Broomfield, CO | 06/24/2025 | $85,000 |
| Levo Federal Credit Union | Commercial Loan Officer | Vermillion, SD | 06/17/2025 | $63,000 |
| Levo Federal Credit Union | Commercial Loan Officer | South Sioux City, NE | 06/17/2025 | $63,000 |
| Millbury Credit Union | Vice President-Commercial Loan Officer | Millbury, MA | 06/16/2025 | $130,000 |
| Firstcommercebk | VP, Commercial Loan Officer | Downe, NJ | 06/16/2025 | $120,000 |
| Top Tier Reps | Commercial Loan Officer | Broomfield, CO | 06/14/2025 | $85,000 |
Commercial loan officer salary FAQs
Search for commercial loan officer jobs