Loan Officer Salary in 2026
Evaluate, authorize, and recommend approval of loan applications for individuals and businesses.
Median Salary
$68,000
$5,667/mo
Entry Level
$42,000
starting pay
Senior Level
$105,000
experienced
Job Growth
+3%
10-yr outlook
Loan Officer Overview
Evaluate, authorize, and recommend approval of loan applications for individuals and businesses.
Education
Bachelor's Degree
Experience
1-3 years
Industry
Finance
Total Jobs (US)
340K
5-Year Growth
+12%
Category
Finance
Hourly Rate
$32.69/hr
Monthly Pay
$5,667
Loan Officer Salary Calculator
Adjust your state and experience level to see the estimated Loan Officer salary in your area.
Mid Career (5-9 yrs)
Estimated Loan Officer Salary
$84,000
$7,000/month · $3,231/biweekly · $40.38/hr
Loan Officer Salary Range
Salary distribution from entry-level to top earners in the Loan Officer field.
Entry-level Loan Officers earn around $42,000, while the top 10% earn $122,500 or more.
Top Paying States for Loan Officers
| State | Est. Median Salary | vs National |
|---|---|---|
| California | $80,000 | +$12,000 |
| New York | $78,000 | +$10,000 |
| Illinois | $71,000 | +$3,000 |
| Texas | $67,000 | $-1,000 |
| Florida | $67,000 | $-1,000 |
Top Paying Cities for Loan Officers
| City | Est. Median Salary | vs National |
|---|---|---|
| New York | $80,000 | +$12,000 |
| Los Angeles | $76,000 | +$8,000 |
| Chicago | $71,000 | +$3,000 |
| Miami | $69,000 | +$1,000 |
| Houston | $67,000 | $-1,000 |
Required Skills & Certifications
Key Skills
Certifications
Loan Officer Career Progression
Typical salary growth path for a Loan Officer from entry level to expert.
$42,000
0-2 years
$74,000
3-7 years
$105,000
8-14 years
$140,000
15+ years
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Loan Officer Salary FAQ
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