Loan Officer Salary in the US

$55,750
per year
per hour
$26.80
per hour
per year
Commission
$8,400/year

Loan Officer - Average Salary & Hourly Rate

The average salary for a Loan Officer is $55,750 per year ($26.80 per hour), which is $2,260 (+4%) higher than the average salary in the US.
A Loan Officer can expect an average starting salary of $34,944. The highest salaries can exceed $82,716.
$34,944
Low
$55,750
Average salary
$82,716
High
$16.80
Low
$26.80
Average salary
$3,976
High
Total pay includes salary and commission.
$1,750
$73,500
$148,716
Salary$34,944 - 82,716
Commission$1,750 - 66,000
Total Pay$36,694 - 148,716
$16.80
$1,979.60
$3,976
Salary$16.80 - 3,976.00
Total Pay$16.80 - 3,976.00

Loan Officer Salary Range

Low
$34,944
Average salary
$55,750
Senior
$67,152
High
$82,716
Low
$16.80
Average salary
$26.80
Senior
$32.28
High
$3,976
Among Loan Officers in the US, Junior Loan Officers and Loan Officer Assistants tend to have the lowest salaries, while positions like Commercial Loan Officers, Mortgage Loan Officers or Sr Loan Officers enjoy the highest salaries.

Loan Officer - Salary Differences

JobSalaryDifference
Senior Loan Officer$67K/year
+20% 
Real Estate Loan Officer$65K/year
+17% 
Mortgage Loan Officer$64K/year
+14% 
Commercial Loan Officer$57K/year
+3% 
Agricultural Loan Officer$53K/year
 -5%
Consumer Loan Officer$44K/year
 -21%
Loan Officer Assistant$40K/year
 -28%
Junior Loan Officer$39K/year
 -30%

Loan Officer - Pay by Experience Level in the United States

An Entry Level Loan Officer with less than three years of experience can expect to earn an average starting salary of $39,000 per year. A mid career Loan Officer with 4-9 years of experience earns an average salary of $53,000, while a Senior Loan Officer with 10-20 years of experience makes on average $67,000. Loan Officers with more than 20 years of experience earn $75,000 per year on average.

How Work Experience Affects the Salary of a Loan Officer

Late Career▲ +35%
Senior▲ +20%
Average Salary$55,750/year
Mid Career▼ -5%
Entry Level▼ -30%

Gender Breakdown

Female
53%
Male
47%

Loan Officer - Jobs by Location

Loan Officer - Related Salaries

The salary information presented on this page is based on all Loan Officer jobs published on Jobted in the last 12 months and on data from the Bureau of Labor Statistics (BLS.gov).
Jobemail
Don’t miss out on new job openings!
Create a job alert for: Loan Officer
It's free, and you can cancel email updates at any time
Get new jobs by email!
Get email updates for the latest Loan Officer jobs
It's free, and you can cancel email updates at any time