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.
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 |
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Loan Officer Salary Range
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 and Sr Loan Officers enjoy the highest salaries.
Loan Officer - Salary Differences
| Job | Salary | Difference |
|---|---|---|
| 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%
53%
Male
47%
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).
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Loan Officer Jobs