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Senior loan officer salary
Average senior loan officer salary
$37,162
Average Senior Loan Officer Salary
The average salary for a Senior Loan Officer in the United States is approximately $37,162 annually, with a range that can vary based on location, experience, and specific employer. Factors such as the financial institution size and the regional cost of living also play a significant role in determining salary levels.
Salary by State
In states like California and New York, senior loan officers tend to earn significantly higher salaries, often exceeding $60,000 per year due to the higher demand for financial services and cost of living adjustments. Additionally, large metropolitan areas often provide more lucrative opportunities compared to rural settings.
Job Outlook
The job outlook for senior loan officers is promising, with a steady demand for skilled professionals in the financial sector. Many institutions are seeking experienced loan officers to help manage their portfolios and assist clients in navigating complex loan processes. This demand can lead to competitive salaries and excellent benefits packages.
Conclusion
As a Senior Loan Officer, pursuing further education and certifications can enhance your earning potential and open doors to management positions within financial institutions. The investment in your professional development can lead to a rewarding and prosperous career.
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Where can a Senior Loan Officer earn more?
Senior loan officer salary estimates from across the web
Average senior loan officer salary by state
The average senior loan officer salary in Hawaii, New Mexico, and South Dakota are the highest in the U.S. The lowest average senior loan officer salary states are Delaware, Arizona, and Alabama.
- State view
- County view
Highest paying states for senior loan officers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | South Dakota | $47,889 | $23.02 |
| 2 | New Mexico | $48,843 | $23.48 |
| 3 | Maine | $44,910 | $21.59 |
| 4 | Texas | $47,729 | $22.95 |
| 5 | New York | $46,624 | $22.42 |
| 6 | Rhode Island | $42,212 | $20.29 |
| 7 | Missouri | $42,880 | $20.62 |
| 8 | Maryland | $47,071 | $22.63 |
| 9 | Arkansas | $46,692 | $22.45 |
| 10 | North Dakota | $39,767 | $19.12 |
| 11 | California | $42,595 | $20.48 |
| 12 | North Carolina | $40,490 | $19.47 |
| 13 | New Jersey | $41,659 | $20.03 |
| 14 | Washington | $43,585 | $20.95 |
| 15 | Vermont | $41,392 | $19.90 |
| 16 | Wyoming | $42,747 | $20.55 |
| 17 | Florida | $45,562 | $21.90 |
| 18 | Hawaii | $50,688 | $24.37 |
| 19 | Massachusetts | $42,575 | $20.47 |
| 20 | Michigan | $40,024 | $19.24 |
| 21 | Nevada | $38,446 | $18.48 |
| 22 | Connecticut | $42,937 | $20.64 |
| 23 | Kansas | $40,088 | $19.27 |
| 24 | Ohio | $38,833 | $18.67 |
| 25 | Minnesota | $38,528 | $18.52 |
| 26 | Wisconsin | $40,129 | $19.29 |
| 27 | Montana | $41,755 | $20.07 |
| 28 | Iowa | $37,930 | $18.24 |
| 29 | Tennessee | $37,133 | $17.85 |
| 30 | Oregon | $40,991 | $19.71 |
| 31 | Oklahoma | $38,175 | $18.35 |
| 32 | West Virginia | $37,118 | $17.85 |
| 33 | New Hampshire | $38,390 | $18.46 |
| 34 | Nebraska | $34,769 | $16.72 |
| 35 | Colorado | $34,907 | $16.78 |
| 36 | Indiana | $36,407 | $17.50 |
| 37 | District of Columbia | $40,515 | $19.48 |
| 38 | Virginia | $39,112 | $18.80 |
| 39 | Illinois | $34,232 | $16.46 |
| 40 | Arizona | $31,770 | $15.27 |
| 41 | Georgia | $34,853 | $16.76 |
| 42 | Kentucky | $36,370 | $17.49 |
| 43 | Pennsylvania | $32,986 | $15.86 |
| 44 | Idaho | $28,194 | $13.55 |
| 45 | Mississippi | $30,087 | $14.46 |
| 46 | Louisiana | $34,304 | $16.49 |
| 47 | South Carolina | $32,667 | $15.71 |
| 48 | Alabama | $30,598 | $14.71 |
| 49 | Alaska | $34,338 | $16.51 |
| 50 | Delaware | $31,983 | $15.38 |
| 51 | Utah | $28,467 | $13.69 |
Highest paying cities for senior loan officers
The highest-paying cities for senior loan officers are Miami, FL, Austin, TX, and Baltimore, MD.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Miami, FL | $49,024 | $23.57 |
| 2 | Austin, TX | $47,704 | $22.93 |
| 3 | Baltimore, MD | $47,347 | $22.76 |
| 4 | New York, NY | $46,746 | $22.47 |
| 5 | Everett, WA | $43,746 | $21.03 |
| 6 | Salinas, CA | $43,016 | $20.68 |
| 7 | Lees Summit, MO | $42,952 | $20.65 |
| 8 | Boston, MA | $42,602 | $20.48 |
| 9 | East Brunswick, NJ | $41,636 | $20.02 |
| 10 | Charlotte, NC | $40,201 | $19.33 |
| 11 | Troy, MI | $40,147 | $19.30 |
| 12 | Leawood, KS | $40,081 | $19.27 |
| 13 | Atlanta, GA | $34,906 | $16.78 |
| 14 | Denver, CO | $34,905 | $16.78 |
| 15 | Philadelphia, PA | $33,307 | $16.01 |
| 16 | Phoenix, AZ | $31,787 | $15.28 |
Senior loan officer salary details
A senior loan officer's salary ranges from $29,000 a year at the 10th percentile to $46,000 at the 90th percentile.
What is a senior loan officer's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $46,000 | $3,833 | $22 |
| 75th Percentile | $41,000 | $3,417 | $20 |
| Average | $37,162 | $3,097 | $18 |
| 25th Percentile | $33,000 | $2,750 | $16 |
| 10th Percentile | $29,000 | $2,417 | $14 |
Highest paying senior loan officer jobs
The highest paying types of senior loan officers are mortgage broker, bank officer, and commercial loan officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Loan Consultant | $38,876 | $3,240 | $18.69 | 23,448 |
| Mortgage Underwriter | $55,721 | $4,643 | $26.79 | 9,260 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
| Mortgage Banker | $27,331 | $2,278 | $13.14 | 24,297 |
Top companies hiring senior loan officers now:
Which companies pay senior loan officers the most?
Senior loan officer salaries at Salal Credit Union and Optimus are the highest-paying according to our most recent salary estimates. In addition, the average senior loan officer salary at companies like Dream House Mortgage Corp and First State Bank of St. Charles are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Salal Credit Union | $40,085 | $19.27 |
| 2 | Optimus | $39,516 | $19.00 |
| 3 | Dream House Mortgage Corp | $38,792 | $18.65 |
| 4 | First State Bank of St. Charles | $38,714 | $18.61 |
| 5 | Nonprofit Finance Fund | $38,655 | $18.58 |
| 6 | DreamSpring | $38,579 | $18.55 |
| 7 | Trinity Oaks | $38,579 | $18.55 |
| 8 | Raymond James Financial | $38,226 | $18.38 |
| 9 | Kennedy | $37,677 | $18.11 |
| 10 | Axos Bank | $37,657 | $18.10 |
| 11 | RE/MAX Realty One | $37,186 | $17.88 |
| 12 | New American Funding | $37,030 | $17.80 |
| 13 | Security | $36,935 | $17.76 |
| 14 | TD Bank | $36,682 | $17.64 |
| 15 | Homestar Financial | $36,394 | $17.50 |
| 16 | Synovus | $34,464 | $16.57 |
| 17 | Westamerica Ban | $34,308 | $16.49 |
| 18 | Live Oak Bank | $32,995 | $15.86 |
| 19 | RE/MAX | $32,612 | $15.68 |
Wage gap by gender, race and education
Senior loan officer salary trends
The average senior loan officer salary has risen by $3,445 over the last ten years. In 2014, the average senior loan officer earned $33,717 annually, but today, they earn $37,162 a year. That works out to a 0% change in pay for senior loan officers over the last decade.
Compare senior loan officer salaries for cities or states with the national average over time.
Average senior loan officer salary over time
Compare senior loan officer salaries for individual cities or states with the national average.
Senior loan officer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $37,200 | $17.87 | +1.1% |
| 2025 | $36,800 | $17.67 | +0.4% |
| 2024 | $36,600 | $17.61 | -2.6% |
| 2023 | $37,600 | $18.06 | +1.6% |
| 2022 | $37,000 | $17.78 | +0.3% |
Recently added senior loan officer salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Get It-Real Estate | Senior Loan Officer-Remote | WFH | New York, NY | 06/29/2025 | $52,175 |
| Get It-Real Estate | SR. Loan Officer-Remote | Charlotte, NC | 06/29/2025 | $75,000 |
| Pennymac | Loan Officer Licensing Senior Analyst | Plano, TX | 06/19/2025 | $55,000 |
| Caribou Financial | Senior Loan Officer, Auto Refinancing | Austin, TX | 06/16/2025 | $50,000 |
| Stcu | Senior Home Loan Officer | Spokane Valley, WA | 06/10/2025 | $42,137 |
| Get It-Real Estate | Senior Loan Officer-Remote | WFH | New York, NY | 05/26/2025 | $52,175 |
| Get It-Real Estate | SR. Loan Officer-Remote | Charlotte, NC | 05/26/2025 | $75,000 |
| Pennymac | Loan Officer Licensing Senior Analyst | Plano, TX | 05/24/2025 | $55,000 |
| Njeda | Senior Officer-Loan Servicing | Trenton, NJ | 05/09/2025 | $76,184 |
| New Jersey Economic Development Authority | Senior Officer-Loan Servicing | Trenton, NJ | 05/06/2025 | $76,184 |
Senior loan officer salary FAQs
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