The average salary for a loan officer in the United States is around $57,580 per year.
Avg Salary
Loan officers earn an average yearly salary of $57,580.
Wages typically start from $29,632 and go up to $111,888.
0% below national average Updated in 2019
Loan officer earnings by seniority
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Alaska | $56,980 |
| Alabama | $53,488 |
| Arkansas | $55,514 |
| Arizona | $52,696 |
| California | $60,420 |
| Colorado | $61,010 |
| Connecticut | $88,768 |
| District of Columbia | $74,840 |
| Delaware | $60,140 |
| Florida | $67,760 |
| Georgia | $54,690 |
| Guam | $45,840 |
| Hawaii | $66,666 |
| Iowa | $61,518 |
| Idaho | $59,677 |
| Illinois | $81,620 |
| Indiana | $57,023 |
| Kansas | $75,462 |
| Kentucky | $67,450 |
| Louisiana | $48,230 |
| Massachusetts | $70,090 |
| Maryland | $68,060 |
| Maine | $64,110 |
| Minnesota | $72,030 |
| Missouri | $68,010 |
| Mississippi | $57,500 |
| Montana | $57,840 |
| North Carolina | $62,360 |
| North Dakota | $67,610 |
| Nebraska | $75,800 |
| New Hampshire | $76,430 |
| New Jersey | $73,180 |
| New Mexico | $51,460 |
| Nevada | $60,630 |
| New York | $78,520 |
| Ohio | $64,770 |
| Oklahoma | $61,230 |
| Oregon | $64,610 |
| Pennsylvania | $66,807 |
| Puerto Rico | $29,150 |
| Rhode Island | $60,460 |
| South Carolina | $60,250 |
| South Dakota | $59,520 |
| Tennessee | $54,490 |
| Texas | $68,710 |
| Utah | $45,470 |
| Virginia | $63,860 |
| Vermont | $58,650 |
| Washington | $60,540 |
| Wisconsin | $62,850 |
| West Virginia | $48,820 |
| Wyoming | $61,860 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in the United States. On average, they make less than business analysts but more than fundraisers.
| Career | Median Salary |
|---|---|
| Business analyst salary | $75K |
| Budget analyst salary | $76K |
| Credit analyst salary | $68K |
| Auditor salary | $65K |
| Securities and commodities broker salary | $62K |
| Loan officer salary | $58K |
| Stock trader salary | $60K |
| Accountant salary | $61K |
| Cost estimator salary | $59K |
| Fundraiser salary | $57K |
Source: CareerExplorer (Aggregated)