Loan Officer Salary

Average salary, salary range, and compensation data for Loan Officer positions across the United States.

Median Annual Salary

$74,180

National average

Salary Range

$38,490 – $145,780

10th–90th percentile

Data Year

2024

Source: BLS

Loan Officers Salary by City

LocationMedian SalaryMinMax
Elmira, NY$106,430$45,900$224,990
New York-Newark-Jersey City, NY-NJ$102,540$49,690$216,810
District of Columbia$102,200$55,910$218,960
New York$98,940$49,240$217,490
Northern Vermont nonmetropolitan area$97,410$53,990$169,790
Des Moines-West Des Moines, IA$97,000$51,520$140,410
Salinas, CA$95,960$38,430$157,870
New Haven, CT$95,910$48,290$192,520
Iowa City, IA$95,180$49,850$158,420
New Jersey$95,090$38,880$164,030
Barnstable Town, MA$94,850$54,700$170,890
Boston-Cambridge-Newton, MA-NH$94,850$60,750$180,680
Washington-Arlington-Alexandria, DC-VA-MD-WV$94,840$47,260$206,190
San Francisco-Oakland-Fremont, CA$94,110$43,870$199,680
Massachusetts$93,430$61,280$174,990
Mankato, MN$93,140$53,830$169,660
Lawrence, KS$93,030$52,040$172,720
Southwest Iowa nonmetropolitan area$92,560$59,380$128,740
Minneapolis-St. Paul-Bloomington, MN-WI$91,900$57,650$162,480
Fargo, ND-MN$89,860$55,710$142,450
Manhattan, KS$88,400$53,550$154,290
Massachusetts nonmetropolitan area$88,110$65,610$185,360
Wichita, KS$86,940$45,880$171,150
Grand Forks, ND-MN$86,510$51,110$141,100
Vermont$86,490$50,930$164,790
Southern Vermont nonmetropolitan area$86,490$50,230$159,650
St. Cloud, MN$85,030$54,170$157,110
Amherst Town-Northampton, MA$84,610$55,890$169,090
Minnesota$84,480$51,520$152,630
Northeast Nebraska nonmetropolitan area$84,440$48,360$146,310
Corvallis, OR$84,030$52,630$192,090
Trenton-Princeton, NJ$83,730$56,390$154,430
Enid, OK$83,710$37,950$139,320
Pittsfield, MA$83,390$55,980$159,270
State College, PA$83,220$49,840$108,400
Mount Vernon-Anacortes, WA$83,140$41,820$165,550
Springfield, MA$83,030$50,820$171,840
North Dakota$82,990$54,910$142,450
West North Dakota nonmetropolitan area$82,990$58,450$129,100
Topeka, KS$82,910$50,680$161,320
Kansas$82,540$46,220$162,960
Vineland, NJ$82,490$34,990$167,470
Worcester, MA$82,210$60,080$172,620
Bismarck, ND$82,070$54,000$140,220
San Jose-Sunnyvale-Santa Clara, CA$81,990$42,180$164,630
Southeast Minnesota nonmetropolitan area$81,840$51,330$144,730
Milwaukee-Waukesha, WI$81,680$50,110$142,870
Madison, WI$81,580$50,610$154,440
Wilmington, NC$81,540$39,570$170,390
Rochester, MN$81,280$56,180$149,760
Denver-Aurora-Centennial, CO$81,200$35,310$159,310
Charlotte-Concord-Gastonia, NC-SC$81,160$39,410$158,080
Delaware$80,760$44,510$132,000
El Centro, CA$80,360$33,940$161,820
Los Angeles-Long Beach-Anaheim, CA$80,340$36,850$152,840
Kenosha, WI$80,180$48,240$146,730
Iowa$80,070$49,000$135,890
Southwestern New Hampshire nonmetropolitan area$80,050$44,270$165,790
Northwest Minnesota nonmetropolitan area$79,910$48,350$130,700
Colorado$79,800$41,680$157,130
Colorado Springs, CO$79,800$44,890$157,130
Minot, ND$79,790$51,840$132,040
East North Dakota nonmetropolitan area$79,750$50,310$151,330
Bowling Green, KY$79,740$37,340$159,070
Kansas City, MO-KS$79,690$42,620$162,960
Albany-Schenectady-Troy, NY$79,620$45,190$187,200
Racine-Mount Pleasant, WI$79,610$46,530$131,890
Virginia$79,600$42,210$166,530
Modesto, CA$79,600$36,000$175,510
Portland-South Portland, ME$79,580$48,170$124,600
California$79,580$36,880$163,580
Oshkosh-Neenah, WI$79,520$48,380$135,730
Buffalo-Cheektowaga, NY$79,450$39,640$171,880
Kansas nonmetropolitan area$79,400$46,280$154,440
Atlantic City-Hammonton, NJ$79,320$37,650$169,250
Wausau, WI$79,230$52,210$131,180
Wisconsin$79,230$50,130$137,750
Eau Claire, WI$79,190$46,580$136,630
Burlington-South Burlington, VT$79,120$50,930$162,520
Seattle-Tacoma-Bellevue, WA$79,110$35,130$152,920
Lakeland-Winter Haven, FL$78,970$37,920$141,600
Northwest Iowa nonmetropolitan area$78,950$51,010$152,350
Southwest Minnesota nonmetropolitan area$78,890$51,500$126,390
Santa Maria-Santa Barbara, CA$78,780$42,420$176,100
Lewiston-Auburn, ME$78,770$50,660$120,610
La Crosse-Onalaska, WI-MN$78,750$48,920$129,180
Olympia-Lacey-Tumwater, WA$78,710$37,800$158,330
Fond du Lac, WI$78,680$47,080$154,580
New Hampshire$78,670$43,410$171,340
Northeast Iowa nonmetropolitan area$78,620$50,400$127,340
South Dakota$78,590$59,820$114,610
West South Dakota nonmetropolitan area$78,590$62,540$113,030
Central Oregon nonmetropolitan area$78,560$48,970$179,590
Appleton, WI$78,550$49,510$144,210
Hartford-West Hartford-East Hartford, CT$78,550$51,100$161,720
Sioux Falls, SD-MN$78,510$61,050$129,110
Northeast Maine nonmetropolitan area$78,480$50,430$107,590
Hot Springs, AR$78,460$39,570$128,630
Sussex Delaware nonmetropolitan area$78,440$43,790$152,730
Kiryas Joel-Poughkeepsie-Newburgh, NY$78,420$49,450$195,910
Janesville-Beloit, WI$78,380$51,050$148,670
Alaska nonmetropolitan area$78,360$45,350$172,110
Columbus, OH$78,350$39,490$152,930
Northern New Hampshire nonmetropolitan area$78,350$51,920$157,040
East Arkansas nonmetropolitan area$78,330$38,120$128,950
Vallejo, CA$78,320$36,020$178,320
Norwich-New London-Willimantic, CT$78,300$46,750$164,250
Eastern Washington nonmetropolitan area$78,290$36,560$159,380
Manchester-Nashua, NH$78,280$43,410$209,210
Atlanta-Sandy Springs-Roswell, GA$78,220$44,210$149,370
Cedar Rapids, IA$78,210$44,270$141,690
Indianapolis-Carmel-Greenwood, IN$78,190$47,320$132,920
Pocatello, ID$78,140$45,850$162,760
Columbia, MO$78,110$42,270$128,040
Green Bay, WI$78,080$48,080$122,390
Maine$78,040$46,560$124,430
East South Dakota nonmetropolitan area$78,040$59,950$110,140
Ames, IA$78,030$49,130$158,240
Boulder, CO$78,000$43,210$153,660
Omaha, NE-IA$77,990$49,090$170,210
Kingston, NY$77,980$41,510$161,840
Providence-Warwick, RI-MA$77,930$48,650$133,130
Fort Collins-Loveland, CO$77,870$31,430$156,790
Eastern Wyoming nonmetropolitan area$77,860$49,830$130,380
Sioux City, IA-NE-SD$77,850$47,860$131,210
Fayetteville-Springdale-Rogers, AR$77,840$43,460$159,630
Rapid City, SD$77,800$59,930$113,030
Sacramento-Roseville-Folsom, CA$77,800$38,730$138,800
Waterbury-Shelton, CT$77,790$44,210$170,540
San Diego-Chula Vista-Carlsbad, CA$77,780$34,630$184,070
Southeast Iowa nonmetropolitan area$77,760$43,540$130,690
Stockton-Lodi, CA$77,730$34,910$171,650
Riverside-San Bernardino-Ontario, CA$77,680$35,660$168,350
South Central Wisconsin nonmetropolitan area$77,630$50,700$135,300
Connecticut$77,580$47,860$172,980
Deltona-Daytona Beach-Ormond Beach, FL$77,560$29,670$167,910
Rhode Island$77,460$47,680$118,470
Eastern and Southern Colorado nonmetropolitan area$77,420$45,310$127,120
North Coast Region of California nonmetropolitan area$77,390$45,430$170,950
Central New Hampshire nonmetropolitan area$77,370$40,610$134,510
Syracuse, NY$77,340$46,770$194,380
Port St. Lucie, FL$77,280$36,550$133,630
Chicago-Naperville-Elgin, IL-IN$77,270$47,940$152,530
Glens Falls, NY$77,250$49,210$176,210
Southwest Colorado nonmetropolitan area$77,240$43,150$157,710
Bridgeport-Stamford-Danbury, CT$77,150$59,400$192,030
Washington$77,040$36,940$150,940
Southern Michigan nonmetropolitan area$77,040$45,190$122,710
Northeastern Wisconsin nonmetropolitan area$77,040$48,560$126,780
Napa, CA$77,000$45,370$186,710
Lincoln, NE$76,960$48,380$168,630
Rochester, NY$76,920$39,760$209,890
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$76,910$39,250$133,570
Pueblo, CO$76,840$42,580$123,180
Northwestern Wisconsin nonmetropolitan area$76,780$51,720$124,600
Southwest Oklahoma nonmetropolitan area$76,760$39,820$182,310
Cleveland, OH$76,740$37,830$132,840
Detroit-Warren-Dearborn, MI$76,710$29,340$139,630
Southeast Missouri nonmetropolitan area$76,650$46,130$124,090
West Northwestern Ohio nonmetropolitan area$76,630$41,590$123,390
Northwest Illinois nonmetropolitan area$76,600$46,790$134,660
East Central Illinois nonmetropolitan area$76,600$48,250$124,640
Western Wisconsin nonmetropolitan area$76,600$57,060$128,400
Bozeman, MT$76,560$49,060$130,710
Western Wyoming nonmetropolitan area$76,550$49,830$163,500
Fort Smith, AR-OK$76,500$37,190$159,490
Wyoming$76,460$46,330$142,950
Sheboygan, WI$76,440$49,790$137,370
West Central Illinois nonmetropolitan area$76,270$47,500$129,990
Wenatchee-East Wenatchee, WA$76,180$35,630$154,670
Elizabethtown, KY$76,030$34,220$127,250
Illinois$75,960$47,170$137,160
North Carolina$75,820$38,820$142,950
Coastal Plains Region of Texas nonmetropolitan area$75,790$36,250$165,390
Nebraska$75,730$47,090$154,940
Eastern Oregon nonmetropolitan area$75,720$51,960$152,460
Yuba City, CA$75,590$33,680$145,760
Davenport-Moline-Rock Island, IA-IL$75,570$45,960$127,890
North Arkansas nonmetropolitan area$75,480$38,830$123,410
Albuquerque, NM$75,470$38,750$133,090
Champaign-Urbana, IL$75,370$46,840$128,830
Peoria, IL$75,360$43,720$127,700
Bangor, ME$75,330$47,940$131,450
Asheville, NC$75,280$45,040$156,340
South Arkansas nonmetropolitan area$75,190$37,990$123,610
South Nebraska nonmetropolitan area$75,180$46,360$113,030
Northwest Nebraska nonmetropolitan area$75,140$42,380$114,080
Bellingham, WA$75,070$44,890$134,410
Portland-Vancouver-Hillsboro, OR-WA$75,020$40,420$161,010
Watertown-Fort Drum, NY$75,010$38,480$209,990
Roanoke, VA$74,960$42,460$159,900
Eastern Region of Texas nonmetropolitan area$74,910$38,820$152,000
Greeley, CO$74,870$42,810$141,600
Yakima, WA$74,850$43,960$151,820
Southwest Maine nonmetropolitan area$74,820$33,380$116,970
Jonesboro, AR$74,740$40,020$127,990
Gainesville, FL$74,730$38,000$144,350
Oregon$74,720$44,920$158,350
Grants Pass, OR$74,520$53,090$132,320
Lexington-Fayette, KY$74,460$42,990$113,040
Grand Island, NE$74,260$48,270$118,170
Dubuque, IA$74,210$44,550$131,190
San Luis Obispo-Paso Robles, CA$74,180$39,840$206,030
Jacksonville, NC$74,180$37,080$124,990
Northeast Minnesota nonmetropolitan area$74,160$49,300$129,530
Salem, OR$74,150$43,980$130,610
North Valley-Northern Mountains Region of California nonmetropolitan area$74,140$38,570$129,460
Northeast Oklahoma nonmetropolitan area$74,040$35,770$134,880
Grand Rapids-Wyoming-Kentwood, MI$73,490$39,900$155,340
West Kentucky nonmetropolitan area$73,370$38,880$147,810
Maryland$73,340$43,540$158,270
Santa Rosa-Petaluma, CA$73,260$38,290$142,390
Northeast Virginia nonmetropolitan area$73,250$44,250$134,910
Baltimore-Columbia-Towson, MD$73,140$43,990$142,860
Fresno, CA$73,140$34,560$165,520
Farmington, NM$72,950$37,850$157,720
North Georgia nonmetropolitan area$72,860$40,410$124,790
Pinehurst-Southern Pines, NC$72,850$37,640$140,840
Springfield, OH$72,800$36,690$137,930
Dover, DE$72,790$39,420$122,540
Virginia Beach-Chesapeake-Norfolk, VA-NC$72,730$39,010$167,390
Missouri$72,730$36,520$127,750
New Mexico$72,690$34,630$133,250
Michigan$72,680$34,690$136,390
Redding, CA$72,550$38,420$159,310
Casper, WY$72,550$41,450$133,960
Southwest Missouri nonmetropolitan area$72,550$37,980$114,210
Northwest Oklahoma nonmetropolitan area$72,550$37,920$133,210
Duluth, MN-WI$72,500$47,250$126,230
Durham-Chapel Hill, NC$72,390$39,790$148,390
Georgia$72,250$42,150$133,980
Cheyenne, WY$72,250$38,530$133,170
Bloomington, IL$72,220$39,220$148,520
Blacksburg-Christiansburg-Radford, VA$72,200$38,280$135,950
West Montana nonmetropolitan area$72,120$35,970$133,640
Richmond, VA$72,050$43,820$134,240
Binghamton, NY$72,030$49,000$170,980
Jacksonville, FL$72,030$38,290$131,370
Miami-Fort Lauderdale-West Palm Beach, FL$71,980$27,740$148,250
Ocala, FL$71,920$29,460$214,380
Lebanon, PA$71,890$44,700$120,010
Athens-Clarke County, GA$71,880$42,790$127,250
Southwest Virginia nonmetropolitan area$71,810$44,920$139,990
Tampa-St. Petersburg-Clearwater, FL$71,780$38,610$127,190
North Missouri nonmetropolitan area$71,650$46,970$120,590
Indiana$71,400$44,580$128,560
Eugene-Springfield, OR$71,360$46,790$146,480
Florida$71,340$33,900$135,450
Chico, CA$71,340$36,660$165,720
Joplin, MO-KS$71,030$36,920$127,300
Staunton-Stuarts Draft, VA$71,000$38,210$126,390
Urban Honolulu, HI$70,930$29,120$133,080
St. Louis, MO-IL$70,730$35,360$132,580
Central East New York nonmetropolitan area$70,520$48,890$139,990
Louisville/Jefferson County, KY-IN$70,490$37,500$126,390
Mid Michigan nonmetropolitan area$70,390$36,350$132,110
Missoula, MT$70,300$42,980$127,820
Hawaii$70,280$29,120$133,080
Bakersfield-Delano, CA$70,160$34,910$162,900
Brownsville-Harlingen, TX$70,080$28,270$133,790
Santa Fe, NM$70,070$34,470$135,930
Arkansas$70,050$38,290$132,760
Bend, OR$70,010$46,860$132,580
Auburn-Opelika, AL$70,000$39,560$137,410
Las Cruces, NM$69,950$31,410$119,510
Southern Indiana nonmetropolitan area$69,950$46,010$129,310
Longview-Kelso, WA$69,760$43,560$124,830
Northwest Colorado nonmetropolitan area$69,750$54,550$124,580
Coast Oregon nonmetropolitan area$69,590$45,300$145,800
Springfield, IL$69,340$48,800$126,810
Ohio$69,220$37,830$133,260
Paducah, KY-IL$69,160$36,150$137,440
Houston-Pasadena-The Woodlands, TX$69,010$28,000$165,350
Great Falls, MT$68,790$46,730$126,900
Connecticut nonmetropolitan area$68,720$44,190$157,430
Albany, OR$68,710$43,920$134,570
Kentucky$68,600$37,610$129,990
Johnson City, TN$68,510$37,400$121,350
Muncie, IN$68,490$45,500$122,090
Cape Girardeau, MO-IL$68,430$41,500$125,800
Walla Walla, WA$68,350$39,810$123,570
North Northeastern Ohio nonmetropolitan area (noncontiguous)$68,210$31,200$130,210
Naples-Marco Island, FL$67,780$37,050$167,910
Slidell-Mandeville-Covington, LA$67,620$33,410$135,520
Palm Bay-Melbourne-Titusville, FL$67,540$35,470$166,100
South Illinois nonmetropolitan area$67,530$48,070$123,760
Spokane-Spokane Valley, WA$67,510$36,940$136,550
Midland, TX$67,470$23,330$170,040
Medford, OR$67,370$46,130$136,020
Scranton--Wilkes-Barre, PA$67,280$42,680$130,320
Goldsboro, NC$67,270$38,110$160,710
Terre Haute, IN$67,250$32,090$116,330
Northern Indiana nonmetropolitan area$67,240$46,940$107,140
Boise City, ID$67,230$39,540$144,990
Cape Coral-Fort Myers, FL$67,190$27,290$166,190
Harrisonburg, VA$66,890$37,270$177,120
Merced, CA$66,830$33,930$102,770
Kennewick-Richland, WA$66,780$36,900$157,770
Central Indiana nonmetropolitan area$66,540$45,440$104,690
Lexington Park, MD$66,370$40,660$186,680
Victoria, TX$66,260$24,480$189,740
Nashville-Davidson--Murfreesboro--Franklin, TN$66,130$39,260$131,010
Montana$65,960$42,110$124,540
Tulsa, OK$65,860$37,090$170,890
Crestview-Fort Walton Beach-Destin, FL$65,860$26,590$129,890
North Florida nonmetropolitan area$65,820$36,480$132,930
Oklahoma$65,720$35,850$147,170
Cincinnati, OH-KY-IN$65,720$38,560$129,890
East Georgia nonmetropolitan area$65,720$38,360$129,970
Western Washington nonmetropolitan area$65,710$44,280$137,320
Central Kentucky nonmetropolitan area$65,660$35,790$123,320
Winston-Salem, NC$65,610$44,020$130,540
Santa Cruz-Watsonville, CA$65,430$34,280$126,470
Eastern New Mexico nonmetropolitan area$65,400$33,590$145,530
Capital/Northern New York nonmetropolitan area$65,400$47,080$138,040
Grand Junction, CO$65,370$29,990$130,930
Gettysburg, PA$65,270$38,730$104,990
East-Central Montana nonmetropolitan area$65,260$47,540$123,460
Orlando-Kissimmee-Sanford, FL$65,220$30,510$142,820
Alaska$65,160$24,400$163,450
Anchorage, AK$65,160$24,400$163,420
Coeur d'Alene, ID$65,120$39,700$146,290
Punta Gorda, FL$65,080$30,340$136,330
East Kentucky nonmetropolitan area$65,070$34,510$125,680
Pittsburgh, PA$65,040$39,060$117,320
San Antonio-New Braunfels, TX$65,000$36,710$122,900
Southwest Alabama nonmetropolitan area$64,990$38,460$160,620
Sebastian-Vero Beach-West Vero Corridor, FL$64,920$30,180$135,650
Northwestern Region of Texas nonmetropolitan area$64,770$38,030$141,990
Clarksville, TN-KY$64,750$38,190$122,080
Panama City-Panama City Beach, FL$64,740$35,570$136,630
Northern New Mexico nonmetropolitan area$64,700$33,370$133,110
Eastern Ohio nonmetropolitan area$64,610$37,300$123,320
Upper East Mississippi nonmetropolitan area$64,590$36,160$141,250
Raleigh-Cary, NC$64,540$44,500$129,890
Rockford, IL$64,470$45,660$127,120
Ithaca, NY$64,470$40,420$130,210
Dayton-Kettering-Beavercreek, OH$64,390$34,520$149,090
Idaho$64,380$39,350$137,520
Greensboro-High Point, NC$64,330$38,320$133,910
Austin-Round Rock-San Marcos, TX$64,310$23,190$128,620
Springfield, MO$64,160$38,130$154,010
Twin Falls, ID$64,030$37,560$127,430
Jackson, TN$64,020$35,720$113,690
West Arkansas nonmetropolitan area$63,900$38,830$118,260
Oklahoma City, OK$63,890$36,720$150,030
Knoxville, TN$63,870$37,730$108,490
Flagstaff, AZ$63,840$29,850$158,030
Dallas-Fort Worth-Arlington, TX$63,800$38,780$125,060
Helena, MT$63,800$41,450$117,590
Texas$63,770$35,810$130,910
Homosassa Springs, FL$63,730$42,920$174,130
South Georgia nonmetropolitan area$63,600$38,430$127,500
Rocky Mount, NC$63,580$35,630$125,910
South Florida nonmetropolitan area$63,550$34,690$132,160
Ann Arbor, MI$63,470$27,160$132,990
North Region of Texas nonmetropolitan area$63,460$31,080$134,530
Visalia, CA$63,400$39,760$127,640
Columbia, SC$63,400$34,960$131,800
North Central Tennessee nonmetropolitan area$63,350$41,220$113,940
Lubbock, TX$63,260$28,980$155,740
Southeast-Central Idaho nonmetropolitan area$63,260$39,620$117,530
Tennessee$63,160$38,330$117,820
Northwest Alabama nonmetropolitan area$63,030$39,870$126,490
Hawaii / Kauai nonmetropolitan area$62,930$47,930$135,960
Greenville, NC$62,920$37,070$102,980
Memphis, TN-MS-AR$62,870$38,220$124,780
Tyler, TX$62,830$36,510$163,810
Reading, PA$62,810$38,720$131,960
Bremerton-Silverdale-Port Orchard, WA$62,750$44,460$138,880
Johnstown, PA$62,690$40,640$102,940
Harrisburg-Carlisle, PA$62,630$37,910$117,970
York-Hanover, PA$62,630$39,310$127,170
Elkhart-Goshen, IN$62,590$49,260$120,910
Kingsport-Bristol, TN-VA$62,590$37,020$101,730
Chattanooga, TN-GA$62,580$37,170$101,550
Fayetteville, NC$62,570$36,390$145,490
Northeastern Pennsylvania nonmetropolitan area$62,490$39,830$104,110
South Central Kentucky nonmetropolitan area$62,440$33,670$124,990
Dalton, GA$62,360$38,840$149,870
Huntsville, AL$62,340$43,470$149,120
Southeast Oklahoma nonmetropolitan area$62,320$34,530$128,490
Oxnard-Thousand Oaks-Ventura, CA$62,310$33,740$125,230
Southwest Montana nonmetropolitan area$62,310$44,370$121,590
Myrtle Beach-Conway-North Myrtle Beach, SC$62,300$36,400$125,380
Lafayette-West Lafayette, IN$62,290$47,460$117,350
Balance of Nevada nonmetropolitan area$62,250$21,960$117,000
Midland, MI$62,200$45,780$102,830
Winchester, VA-WV$62,200$47,490$122,870
East Tennessee nonmetropolitan area$62,170$38,030$114,100
Waterloo-Cedar Falls, IA$62,160$48,900$125,110
South Central Tennessee nonmetropolitan area$62,080$36,980$113,100
Tallahassee, FL$62,070$28,630$117,160
Charleston-North Charleston, SC$62,070$36,380$132,010
Kahului-Wailuku, HI$62,060$29,120$125,540
Northwestern South Carolina nonmetropolitan area$61,840$33,900$104,330
Beaumont-Port Arthur, TX$61,770$39,330$97,460
Salt Lake City-Murray, UT$61,760$39,610$128,370
Gainesville, GA$61,750$39,780$138,070
Greenville-Anderson-Greer, SC$61,750$36,420$134,490
Akron, OH$61,730$32,210$125,520
Odessa, TX$61,720$36,900$132,760
South Carolina$61,690$35,900$125,860
Waco, TX$61,680$33,900$154,630
Western North Carolina nonmetropolitan area$61,640$36,580$108,420
Lancaster, PA$61,530$37,540$126,290
Albany, GA$61,520$39,560$144,410
Decatur, IL$61,510$44,270$117,940
St. Joseph, MO-KS$61,500$36,440$130,000
Hill Country Region of Texas nonmetropolitan area$61,480$36,870$124,070
Pennsylvania$61,470$37,720$124,070
Southwest New York nonmetropolitan area$61,470$43,870$138,510
Little Rock-North Little Rock-Conway, AR$61,370$37,360$133,730
Upper Peninsula of Michigan nonmetropolitan area$61,360$39,990$112,310
Savannah, GA$61,310$39,710$153,560
Amarillo, TX$61,300$35,100$149,230
Fort Wayne, IN$61,300$38,750$98,190
Tuscaloosa, AL$61,240$40,140$173,260
Birmingham, AL$61,240$40,700$147,120
Columbus, GA-AL$61,220$37,860$140,300
Longview, TX$61,190$35,670$151,660
South Bend-Mishawaka, IN-MI$61,140$37,440$103,160
Sandusky, OH$61,090$37,400$146,050
Jackson, MS$61,040$37,280$133,150
Southside Virginia nonmetropolitan area$61,040$38,640$167,700
Central Missouri nonmetropolitan area$61,000$37,380$99,720
Toledo, OH$60,990$33,590$121,140
Baton Rouge, LA$60,920$38,010$127,530
Decatur, AL$60,900$45,900$165,210
Pensacola-Ferry Pass-Brent, FL$60,870$45,860$116,120
Utah$60,870$38,540$126,630
Hickory-Lenoir-Morganton, NC$60,860$37,960$109,180
Southern Ohio nonmetropolitan area$60,800$37,220$110,970
Alabama$60,750$39,990$147,110
Lansing-East Lansing, MI$60,740$36,000$124,650
Bloomington, IN$60,730$48,120$117,740
Jefferson City, MO$60,730$36,750$102,190
Middle Georgia nonmetropolitan area$60,670$37,520$122,400
Kankakee, IL$60,630$50,470$124,930
Billings, MT$60,620$38,490$110,020
Flint, MI$60,620$29,740$124,650
Hilton Head Island-Bluffton-Port Royal, SC$60,620$36,140$103,800
Montgomery, AL$60,600$39,160$165,560
College Station-Bryan, TX$60,580$38,750$118,990
Anniston-Oxford, AL$60,430$37,350$129,960
Brunswick-St. Simons, GA$60,300$42,480$163,370
Laredo, TX$60,300$24,890$135,530
Yuma, AZ$60,220$34,150$117,970
Kokomo, IN$60,180$43,570$110,050
Central North Carolina nonmetropolitan area$60,120$38,010$97,840
Border Region of Texas nonmetropolitan area$60,020$38,540$128,820
Salisbury, MD$59,990$42,740$130,720
Warner Robins, GA$59,950$41,540$120,230
Mississippi$59,950$35,290$130,220
Lynchburg, VA$59,950$33,900$164,150
Lima, OH$59,850$34,350$138,190
Hattiesburg, MS$59,810$32,360$110,650
Eastern North Carolina nonmetropolitan area$59,800$37,880$114,720
Rome, GA$59,760$44,000$164,490
San Angelo, TX$59,750$29,170$154,910
Niles, MI$59,600$35,010$119,870
Lewiston, ID-WA$59,580$44,760$142,150
Jackson, MI$59,550$35,350$120,150
Traverse City, MI$59,510$32,430$110,140
Dothan, AL$59,480$37,170$126,970
Northwestern Idaho nonmetropolitan area$59,480$38,610$138,340
Williamsport, PA$59,390$39,560$124,600
Las Vegas-Henderson-North Las Vegas, NV$59,370$27,040$179,790
Abilene, TX$59,270$39,980$125,180
Saginaw, MI$59,190$34,980$98,650
Killeen-Temple, TX$59,140$30,740$116,930
Charlottesville, VA$59,040$37,390$97,160
Corpus Christi, TX$59,040$35,930$135,750
Southeast Alabama nonmetropolitan area$59,040$42,330$132,910
Florence-Muscle Shoals, AL$59,000$39,590$137,730
Morgantown, WV$58,970$36,540$130,540
McAllen-Edinburg-Mission, TX$58,900$35,550$128,350
Northeast Alabama nonmetropolitan area$58,860$40,580$122,810
Youngstown-Warren, OH$58,860$31,790$131,670
Central Pennsylvania nonmetropolitan area$58,850$38,300$113,030
Canton-Massillon, OH$58,840$37,320$118,410
Morristown, TN$58,830$35,530$101,590
New Orleans-Metairie, LA$58,690$35,450$130,140
Cleveland, TN$58,590$35,280$112,160
Michigan City-La Porte, IN$58,590$39,690$116,520
Fairbanks-College, AK$58,570$41,340$95,820
West Tennessee nonmetropolitan area$58,530$44,660$118,660
Nevada$58,400$25,890$174,790
Northern Michigan nonmetropolitan area$58,400$43,020$121,540
Utica-Rome, NY$58,370$40,830$135,030
Hagerstown-Martinsburg, MD-WV$58,350$40,150$127,440
Ogden, UT$58,320$38,220$115,560
Evansville, IN$58,110$37,600$119,880
Kalamazoo-Portage, MI$58,110$36,410$104,710
North Port-Bradenton-Sarasota, FL$57,970$26,700$136,220
Columbus, IN$57,940$39,820$112,810
Wheeling, WV-OH$57,780$37,300$135,620
Mansfield, OH$57,720$32,440$135,390
Spartanburg, SC$57,710$37,020$149,760
Valdosta, GA$57,680$38,340$112,840
Lower West Mississippi nonmetropolitan area$57,570$32,220$130,620
Louisiana$57,320$29,000$127,780
Allentown-Bethlehem-Easton, PA-NJ$57,320$42,170$121,420
Northeast Louisiana nonmetropolitan area$57,320$24,720$125,010
Wichita Falls, TX$57,270$37,450$158,070
Mobile, AL$57,250$39,760$129,000
Owensboro, KY$57,210$44,980$100,610
Maryland nonmetropolitan area$57,200$38,500$124,170
Sherman-Denison, TX$57,040$36,860$142,580
Sumter, SC$56,980$40,050$83,690
Houma-Bayou Cane-Thibodaux, LA$56,620$25,890$137,490
Wasatch Front Fringe Utah nonmetropolitan area$56,600$38,870$118,190
Central Louisiana nonmetropolitan area$56,570$24,720$125,620
West Delta Mississippi nonmetropolitan area$56,450$34,680$119,280
Logan, UT-ID$56,420$36,390$125,720
Battle Creek, MI$56,270$31,200$98,840
High Desert Utah nonmetropolitan area$56,090$39,910$101,620
Southwestern Pennsylvania nonmetropolitan area$55,950$37,580$99,120
Monroe, LA$55,770$29,320$126,090
Augusta-Richmond County, GA-SC$55,630$40,300$114,930
Chambersburg, PA$55,630$37,080$101,200
Macon-Bibb County, GA$55,570$39,940$126,150
Daphne-Fairhope-Foley, AL$55,550$40,320$139,160
Monroe, MI$55,000$26,000$102,480
Weirton-Steubenville, WV-OH$54,070$35,600$128,370
Florence, SC$53,810$31,190$128,960
Arizona$53,760$29,910$108,630
Phoenix-Mesa-Chandler, AZ$53,700$29,990$108,630
Lawton, OK$53,430$34,220$130,380
Northeastern South Carolina nonmetropolitan area$52,860$35,900$98,550
Gadsden, AL$52,800$36,960$122,930
Parkersburg-Vienna, WV$52,650$36,730$116,510
Arizona nonmetropolitan area$52,290$29,850$106,300
Texarkana, TX-AR$52,140$33,350$102,690
Idaho Falls, ID$51,860$37,830$107,990
St. George, UT$51,720$34,320$120,000
Altoona, PA$51,700$39,130$119,510
Lower East Mississippi nonmetropolitan area$51,560$33,690$104,330
Northern West Virginia nonmetropolitan area$51,270$36,590$101,440
Shreveport-Bossier City, LA$51,230$28,260$121,810
Burlington, NC$51,200$39,330$92,760
Southwest Louisiana nonmetropolitan area$51,130$26,880$124,190
Muskegon-Norton Shores, MI$50,920$34,380$129,390
Provo-Orem-Lehi, UT$50,490$35,930$122,420
Northwestern Pennsylvania nonmetropolitan area$50,360$36,580$94,980
Lafayette, LA$49,920$27,950$132,870
Carson City, NV$49,860$26,680$101,210
Prescott Valley-Prescott, AZ$49,780$30,310$130,430
Lake Charles, LA$49,720$26,350$135,450
West Virginia$49,550$36,740$105,120
Southern South Carolina nonmetropolitan area$49,520$33,900$107,240
Alexandria, LA$49,470$27,070$104,330
Huntington-Ashland, WV-KY-OH$49,260$35,660$95,640
Reno, NV$48,950$22,270$125,850
El Paso, TX$48,810$29,190$98,550
Erie, PA$48,740$37,870$100,030
Gulfport-Biloxi, MS$48,710$36,440$103,020
Bay City, MI$48,600$35,230$104,330
Charleston, WV$48,510$38,000$89,860
Southern West Virginia nonmetropolitan area$48,150$36,950$83,820
Tucson, AZ$47,650$29,850$98,620
Hammond, LA$46,860$26,370$121,800
Beckley, WV$46,820$32,400$86,940
Lake Havasu City-Kingman, AZ$46,700$29,850$103,650
San Juan-Bayamon-Caguas, PR$35,650$28,650$72,550
Puerto Rico$35,400$28,650$68,250
Mayaguez, PR$35,170$28,390$68,250
Ponce, PR$33,180$24,050$66,610
Arecibo, PR$32,320$24,370$47,640
Aguadilla, PR$31,710$21,470$46,590
Puerto Rico nonmetropolitan area$30,350$21,540$45,350

Frequently Asked Questions

How much does a Loan Officer make?

The median annual salary for a Loan Officer is $74,180, with a typical range of $38,490 – $145,780 depending on experience, location, and employer.

What is the starting salary for a Loan Officer?

Entry-level Loan Officer positions typically start around $38,490 per year. Salaries increase significantly with experience and specialization.

Where do Loan Officers earn the most?

Loan Officers tend to earn the highest salaries in major metropolitan areas. Use the salary by city table above to compare compensation across different locations.

Also searched as: Loan Officer salary