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Loan clerk salary
Average loan clerk salary
$12.77
Average Loan Clerk Salary
The average salary for a Loan Clerk in the United States is approximately $26,552 annually, translating to about $13 per hour. This figure can vary significantly based on geographic location, experience, and specific job responsibilities.
How Much Does a Loan Clerk Make?
Salary levels for Loan Clerks typically increase with experience. Entry-level positions may start at around $12.77 per hour, while those with several years of experience could earn significantly more. Understanding the factors influencing salary, such as the complexity of loan processing and customer service skills, can help aspiring Loan Clerks make informed career decisions.
Where Can a Loan Clerk Earn More?
Loan Clerks in higher-paying states, such as California and New York, often see salaries exceeding the national average. Urban areas tend to offer more competitive wages due to higher demand for financial services. Additionally, specialized roles, such as those in mortgage processing or commercial lending, may provide higher compensation.
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Where can a Loan Clerk earn more?
Loan clerk salaries by experience level
Loan clerk salary estimates from across the web
Average loan clerk salary by state
The average loan clerk salary in California, West Virginia, and Maryland are the highest in the U.S. The lowest average loan clerk salary states are Ohio, Tennessee, and Nebraska.
- State view
- County view
Highest paying states for loan clerks
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $32,359 | $15.56 |
| 2 | Kansas | $26,728 | $12.85 |
| 3 | Kentucky | $27,484 | $13.21 |
| 4 | West Virginia | $30,582 | $14.70 |
| 5 | Vermont | $28,298 | $13.60 |
| 6 | Rhode Island | $28,052 | $13.49 |
| 7 | Texas | $27,012 | $12.99 |
| 8 | Wisconsin | $25,520 | $12.27 |
| 9 | Connecticut | $26,906 | $12.94 |
| 10 | Arkansas | $27,444 | $13.19 |
| 11 | Maryland | $29,567 | $14.21 |
| 12 | Massachusetts | $28,349 | $13.63 |
| 13 | Indiana | $25,120 | $12.08 |
| 14 | New York | $27,637 | $13.29 |
| 15 | Illinois | $26,659 | $12.82 |
| 16 | New Jersey | $29,295 | $14.08 |
| 17 | New Hampshire | $27,155 | $13.06 |
| 18 | Colorado | $26,760 | $12.87 |
| 19 | Washington | $26,171 | $12.58 |
| 20 | Minnesota | $25,122 | $12.08 |
| 21 | Delaware | $25,857 | $12.43 |
| 22 | Oklahoma | $24,954 | $12.00 |
| 23 | Utah | $23,623 | $11.36 |
| 24 | Iowa | $25,009 | $12.02 |
| 25 | Maine | $25,599 | $12.31 |
| 26 | North Carolina | $24,504 | $11.78 |
| 27 | South Dakota | $22,934 | $11.03 |
| 28 | Alabama | $24,908 | $11.97 |
| 29 | North Dakota | $24,866 | $11.95 |
| 30 | Georgia | $24,743 | $11.90 |
| 31 | Louisiana | $24,836 | $11.94 |
| 32 | Hawaii | $26,483 | $12.73 |
| 33 | Wyoming | $23,642 | $11.37 |
| 34 | Tennessee | $22,371 | $10.76 |
| 35 | Oregon | $26,081 | $12.54 |
| 36 | Arizona | $25,107 | $12.07 |
| 37 | Alaska | $23,048 | $11.08 |
| 38 | Pennsylvania | $23,272 | $11.19 |
| 39 | Michigan | $22,453 | $10.79 |
| 40 | Ohio | $22,400 | $10.77 |
| 41 | Florida | $22,818 | $10.97 |
| 42 | New Mexico | $23,254 | $11.18 |
| 43 | Mississippi | $22,581 | $10.86 |
| 44 | Nebraska | $22,279 | $10.71 |
| 45 | South Carolina | $22,632 | $10.88 |
| 46 | Idaho | $21,989 | $10.57 |
| 47 | Missouri | $21,059 | $10.12 |
| 48 | Nevada | $23,593 | $11.34 |
| 49 | Montana | $22,891 | $11.01 |
| 50 | Virginia | $21,588 | $10.38 |
| 51 | District of Columbia | $19,901 | $9.57 |
Highest paying cities for loan clerks
The highest-paying cities for loan clerks are Newark, NJ, Owensboro, KY, and Highlands Ranch, CO.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Newark, NJ | $29,388 | $14.13 |
| 2 | Owensboro, KY | $27,421 | $13.18 |
| 3 | Highlands Ranch, CO | $26,746 | $12.86 |
| 4 | Manhattan, KS | $26,741 | $12.86 |
| 5 | Shoreview, MN | $25,144 | $12.09 |
| 6 | Des Moines, IA | $25,019 | $12.03 |
| 7 | Oklahoma City, OK | $24,991 | $12.01 |
| 8 | Holladay, UT | $23,550 | $11.32 |
| 9 | Santa Fe, NM | $22,973 | $11.04 |
| 10 | Dunedin, FL | $22,924 | $11.02 |
| 11 | Cleveland, OH | $22,609 | $10.87 |
| 12 | Joplin, MO | $21,125 | $10.16 |
Loan clerk salary details
A loan clerk's salary ranges from $19,000 a year at the 10th percentile to $35,000 at the 90th percentile.
What is a loan clerk's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $35,000 | $2,917 | $17 |
| 75th Percentile | $30,000 | $2,500 | $14 |
| Average | $26,552 | $2,213 | $13 |
| 25th Percentile | $22,000 | $1,833 | $11 |
| 10th Percentile | $19,000 | $1,583 | $9 |
Highest paying loan clerk jobs
The highest paying types of loan clerks are loan servicing specialist, loan officer/loan processor, and loan officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Loan Services Representative | $38,603 | $3,217 | $18.56 | 85,475 |
| Loan Officer/Loan Processor | $46,753 | $3,896 | $22.48 | 71,801 |
| Mortgage Loan Processor | $43,594 | $3,633 | $20.96 | 16,276 |
| Loan Administrator | $42,859 | $3,572 | $20.61 | 63,708 |
| Accounts Receivable Clerk | $36,425 | $3,035 | $17.51 | 87,935 |
| Accounts Payable Clerk | $38,333 | $3,194 | $18.43 | 89,564 |
Top companies hiring loan clerks now:
Which companies pay loan clerks the most?
Loan clerk salaries at UFCU and Firefighters Community Credit Union - FFCCU are the highest-paying according to our most recent salary estimates. In addition, the average loan clerk salary at companies like Adecco and SECU are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | UFCU | $35,687 | $17.16 |
| 2 | Firefighters Community Credit Union - FFCCU | $32,845 | $15.79 |
| 3 | Adecco | $29,319 | $14.10 |
| 4 | SECU | $28,308 | $13.61 |
| 5 | AppleOne Employment Services | $28,170 | $13.54 |
| 6 | Robert Half | $27,611 | $13.27 |
| 7 | Achieva | $26,796 | $12.88 |
| 8 | Kearny Bank | $26,287 | $12.64 |
| 9 | Pinnacle Bancorp Inc | $25,570 | $12.29 |
| 10 | BancFirst | $24,661 | $11.86 |
| 11 | Landmark Natl Bank | $24,518 | $11.79 |
Wage gap by gender, race and education
Loan clerk salary trends
The average loan clerk salary has risen by $4,204 over the last ten years. In 2014, the average loan clerk earned $22,348 annually, but today, they earn $26,552 a year. That works out to a 7% change in pay for loan clerks over the last decade.
Compare loan clerk salaries for cities or states with the national average over time.
Average loan clerk salary over time
Compare loan clerk salaries for individual cities or states with the national average.
Loan clerk salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $26,600 | $12.77 | +1.8% |
| 2025 | $26,100 | $12.54 | +1.8% |
| 2024 | $25,600 | $12.31 | +2.1% |
| 2023 | $25,100 | $12.05 | +1.1% |
| 2022 | $24,800 | $11.92 | +2.4% |
Recently added loan clerk salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Nih Federal Credit Union | Auto Title and Consumer Loan Clerk | Rockville, MD | 06/20/2025 | $43,639 |
| Global Channel Management, Inc. | Temp Loan Clerk | Duluth, GA | 06/10/2025 | $29,218 |
| Insight Global | Loan Clerk | Columbus, OH | 05/20/2025 | $41,740 |
| Freestar Financial Credit Union | Loan Clerk | Saint Clair Shores, MI | 04/28/2025 | $35,479 |
| Global Channel Management, Inc. | Temp Loan Clerk | Duluth, GA | 03/27/2025 | $29,218 |
| Illinois State | Extra Help Loan Clerk | Normal, IL | 03/19/2025 | $33,392 |
| Global Channel Management, Inc. | Temp Loan Clerk | Duluth, GA | 02/19/2025 | $29,218 |
| Global Channel Management, Inc. | Temp Loan Clerk | Duluth, GA | 01/30/2025 | $29,218 |
| Suna Solutions | Mortgage Loan Clerk | San Diego, CA | 01/26/2025 | $37,566 |
| Prime Hires | Loan Clerk | Billings, MT | 07/24/2024 | $48,439 |
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