Loan Officer Salary
Average pay, percentile breakdowns, and city-by-city comparison for Loan Officers in the United States.
Median Salary
$74,180
Mean Salary
$84,940
Employment
330,500
Category
Business and Financial
Salary Percentiles for Loan Officers
| Percentile | Annual Salary | Monthly | Hourly (est.) |
|---|---|---|---|
| 10th (Entry) | $38,490 | $3,208 | $19 |
| 25th | $51,860 | $4,322 | $25 |
| 50th (Median) | $74,180 | $6,182 | $36 |
| 75th | $107,150 | $8,929 | $52 |
| 90th (Senior) | $145,780 | $12,148 | $70 |
Loan Officer Salary by City
| City | Adjusted Median | vs National |
|---|---|---|
| New York, NY | $85,307 | +15% |
| San Francisco, CA | $90,500 | +22% |
| Los Angeles, CA | $83,082 | +12% |
| Chicago, IL | $77,147 | +4% |
| Houston, TX | $72,696 | -2% |
| Austin, TX | $77,889 | +5% |
| Seattle, WA | $87,532 | +18% |
| Boston, MA | $84,565 | +14% |
| Denver, CO | $78,631 | +6% |
| Washington, DC | $86,049 | +16% |
| Miami, FL | $75,664 | +2% |
| Atlanta, GA | $76,405 | +3% |
| Dallas, TX | $74,922 | +1% |
| Philadelphia, PA | $77,889 | +5% |
| Phoenix, AZ | $73,438 | -1% |
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About Loan Officer Salaries in 2025
The median annual salary for Loan Officers in the United States is $74,180, according to the Bureau of Labor Statistics. This means half of all Loan Officers earn more than this amount, and half earn less.
At the entry level (10th percentile), Loan Officers earn around $38,490, while the highest earners (90th percentile) make $145,780 or more. There are approximately 330,500 Loan Officers employed across the country in the Business and Financial sector.