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Loan assistant salary
Average loan assistant salary
$36,962
Average Loan Assistant Salary
The average salary for a Loan Assistant in the United States is approximately $36,962 per year, translating to around $18 per hour. This figure can vary based on several factors, including geographic location, years of experience, and the specific industry.
Loan Assistant Salaries by Experience Level
Entry-level positions typically earn around $30,000, while experienced Loan Assistants can earn upwards of $50,000. This upward trajectory reflects the increasing demand for skilled professionals in the financial sector.
Highest Paying States for Loan Assistants
States like California and New York often offer the highest salaries for Loan Assistants, driven by the concentration of financial institutions and the cost of living in these regions.
Understanding the salary landscape can help you make informed career choices. Explore opportunities that align with your skills and consider how different locations and experience levels can enhance your earning potential in this field.
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Where can a Loan Assistant earn more?
Loan assistant salaries by experience level
Loan assistant salary estimates from across the web
Average loan assistant salary by state
The highest-paying states for loan assistants are Washington, West Virginia, and Maryland. The lowest average loan assistant salary states are Mississippi, Utah, and Idaho.
- State view
- County view
Highest paying states for loan assistants
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Rhode Island | $40,632 | $19.53 |
| 2 | New Jersey | $44,078 | $21.19 |
| 3 | Washington | $45,059 | $21.66 |
| 4 | Colorado | $40,158 | $19.31 |
| 5 | Tennessee | $39,843 | $19.16 |
| 6 | Maryland | $45,025 | $21.65 |
| 7 | West Virginia | $45,025 | $21.65 |
| 8 | Delaware | $38,952 | $18.73 |
| 9 | Kentucky | $39,567 | $19.02 |
| 10 | Michigan | $37,501 | $18.03 |
| 11 | Arkansas | $38,571 | $18.54 |
| 12 | Minnesota | $37,118 | $17.85 |
| 13 | North Dakota | $36,539 | $17.57 |
| 14 | Vermont | $39,654 | $19.06 |
| 15 | New York | $42,195 | $20.29 |
| 16 | Iowa | $35,670 | $17.15 |
| 17 | Massachusetts | $40,364 | $19.41 |
| 18 | South Carolina | $37,153 | $17.86 |
| 19 | Kansas | $37,102 | $17.84 |
| 20 | Georgia | $37,878 | $18.21 |
| 21 | Maine | $35,484 | $17.06 |
| 22 | Alaska | $37,653 | $18.10 |
| 23 | Ohio | $35,154 | $16.90 |
| 24 | Connecticut | $39,692 | $19.08 |
| 25 | Alabama | $35,322 | $16.98 |
| 26 | New Hampshire | $38,459 | $18.49 |
| 27 | California | $38,092 | $18.31 |
| 28 | Hawaii | $36,493 | $17.54 |
| 29 | Indiana | $35,471 | $17.05 |
| 30 | Wyoming | $33,924 | $16.31 |
| 31 | Florida | $33,692 | $16.20 |
| 32 | Illinois | $35,008 | $16.83 |
| 33 | South Dakota | $33,438 | $16.08 |
| 34 | Montana | $33,303 | $16.01 |
| 35 | Oklahoma | $35,143 | $16.90 |
| 36 | Oregon | $36,287 | $17.45 |
| 37 | Arizona | $32,663 | $15.70 |
| 38 | Louisiana | $35,265 | $16.95 |
| 39 | North Carolina | $34,786 | $16.72 |
| 40 | Wisconsin | $34,228 | $16.46 |
| 41 | Utah | $31,943 | $15.36 |
| 42 | Texas | $32,771 | $15.76 |
| 43 | Mississippi | $31,956 | $15.36 |
| 44 | Nevada | $32,481 | $15.62 |
| 45 | Missouri | $31,285 | $15.04 |
| 46 | Idaho | $31,620 | $15.20 |
| 47 | Nebraska | $31,959 | $15.36 |
| 48 | New Mexico | $32,571 | $15.66 |
| 49 | Pennsylvania | $30,568 | $14.70 |
| 50 | Virginia | $30,439 | $14.63 |
| 51 | District of Columbia | $29,805 | $14.33 |
Highest paying cities for loan assistants
The highest-paying cities for loan assistants are Olympia, WA, Newark, NJ, and New York, NY.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Olympia, WA | $45,307 | $21.78 |
| 2 | Newark, NJ | $44,183 | $21.24 |
| 3 | New York, NY | $42,279 | $20.33 |
| 4 | Amherst, MA | $40,561 | $19.50 |
| 5 | Grand Junction, CO | $40,455 | $19.45 |
| 6 | Knoxville, TN | $40,075 | $19.27 |
| 7 | Hartford, CT | $39,495 | $18.99 |
| 8 | Santa Cruz, CA | $38,878 | $18.69 |
| 9 | Manchester, NH | $38,446 | $18.48 |
| 10 | Anchorage, AK | $37,924 | $18.23 |
| 11 | Overland Park, KS | $37,199 | $17.88 |
| 12 | Minneapolis, MN | $37,097 | $17.84 |
| 13 | Beaverton, OR | $36,206 | $17.41 |
| 14 | Dubuque, IA | $36,081 | $17.35 |
| 15 | Birmingham, AL | $35,263 | $16.95 |
| 16 | Tulsa, OK | $35,118 | $16.88 |
| 17 | Chicago, IL | $35,103 | $16.88 |
| 18 | Raleigh, NC | $35,063 | $16.86 |
| 19 | Evansville, IN | $34,799 | $16.73 |
| 20 | Oshkosh, WI | $34,515 | $16.59 |
Loan assistant salary details
A loan assistant's salary ranges from $28,000 a year at the 10th percentile to $47,000 at the 90th percentile.
What is a loan assistant's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $47,000 | $3,917 | $23 |
| 75th Percentile | $42,000 | $3,500 | $20 |
| Average | $36,962 | $3,080 | $18 |
| 25th Percentile | $32,000 | $2,667 | $15 |
| 10th Percentile | $28,000 | $2,333 | $13 |
Highest paying loan assistant jobs
The highest paying types of loan assistants are loan servicing specialist, loan officer/loan processor, and loan officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closing Coordinator | $39,066 | $3,256 | $18.78 | 19,203 |
| Mortgage Processor | $40,527 | $3,377 | $19.48 | 9,057 |
| Loan Officer/Loan Processor | $46,753 | $3,896 | $22.48 | 71,801 |
| Mortgage Loan Processor | $43,594 | $3,633 | $20.96 | 16,276 |
| Loan Officer | $45,817 | $3,818 | $22.03 | 63,663 |
| Loan Coordinator | $39,836 | $3,320 | $19.15 | 24,765 |
Top companies hiring loan assistants now:
Which companies pay loan assistants the most?
Loan assistant salaries at University of California, Berkeley and The University of Chicago are the highest-paying according to our most recent salary estimates. In addition, the average loan assistant salary at companies like Mayo Clinic and CrossCountry Mortgage are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | University of California-Berkeley | $49,620 | $23.86 |
| 2 | The University of Chicago | $49,501 | $23.80 |
| 3 | Mayo Clinic | $46,613 | $22.41 |
| 4 | CrossCountry Mortgage | $44,282 | $21.29 |
| 5 | Summit Funding | $43,610 | $20.97 |
| 6 | ESL Federal Credit Union | $43,543 | $20.93 |
| 7 | Home Bancshares Inc. | $43,432 | $20.88 |
| 8 | Simmons Bank | $42,604 | $20.48 |
| 9 | Synovus | $42,103 | $20.24 |
| 10 | PRMI Home Financing | $41,652 | $20.02 |
| 11 | First Citizens Bank | $41,634 | $20.02 |
| 12 | Carolina Farm Credit | $41,452 | $19.93 |
| 13 | Northrim Bank | $41,262 | $19.84 |
| 14 | Cardinal Financial | $40,781 | $19.61 |
| 15 | Private Practice | $40,707 | $19.57 |
| 16 | FNB | $40,683 | $19.56 |
| 17 | Oak Valley Ban | $40,221 | $19.34 |
| 18 | Discover | $39,938 | $19.20 |
| 19 | Hanmi Financial | $39,824 | $19.15 |
| 20 | D.R. Horton | $39,766 | $19.12 |
Wage gap by gender, race and education
Loan assistant salary trends
The average loan assistant salary has risen by $5,852 over the last ten years. In 2014, the average loan assistant earned $31,110 annually, but today, they earn $36,962 a year. That works out to a 7% change in pay for loan assistants over the last decade.
Compare loan assistant salaries for cities or states with the national average over time.
Average loan assistant salary over time
Compare loan assistant salaries for individual cities or states with the national average.
Loan assistant salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $37,000 | $17.77 | +1.8% |
| 2025 | $36,300 | $17.46 | +1.8% |
| 2024 | $35,600 | $17.13 | +2.1% |
| 2023 | $34,900 | $16.78 | +1.1% |
| 2022 | $34,500 | $16.59 | +2.4% |
Recently added loan assistant salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Brickell Motors-Audi | Automotive Loan Processor/Automotive Finance Assistant | Barrington, IL | 06/29/2025 | $35,479 |
| Cathay General Bancorp | Loan Assistant | El Monte, CA | 06/27/2025 | $41,740 |
| Mercedes-Benz of Escondido | Loan Car Assistant | Ontario, CA | 06/27/2025 | $36,523 |
| Fletcher Jones Imports | Loan Car Assistant | Mercedes, TX | 06/27/2025 | $36,523 |
| Wintrust Financial Corp | Loan Originator Assistant-(North Region IL & WI) | Madison, WI | 06/24/2025 | $31,305 |
| Wintrust Financial Corp | Loan Originator Assistant-(North Region IL & WI) | Rockford, IL | 06/24/2025 | $31,305 |
| Genesee Regional Bank | Mortgage Loan Originator Assistant | Rochester, NY | 06/24/2025 | $45,476 |
| Wintrust Mortgage, a Division of BBT | Loan Originator Assistant-(North Region IL & WI) | Madison, WI | 06/24/2025 | $31,305 |
| Northeast Bank | SR. Loan Operations Assistant | Minneapolis, MN | 06/21/2025 | $58,436 |
| Pace | Loan Assistant | Los Angeles, CA | 06/21/2025 | $45,000 |
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