Loan Officer Salary in the United States
Based on 274K+ data points from BLS and H-1B filings
Median Annual Salary
$76,354
$36.71/hr
▲ 3.9% vs 2024Salary Range
$43K – $145K
10th – 90th percentile
Total Employed
274K
workers nationwide
The median Loan Officer salary in the United States is $76,354 annually, which translates to approximately $37 per hour. This figure represents the midpoint of earnings for professionals in this role, with a significant portion of individuals earning between $43,004 and $145,184 per year.
Several factors influence the Loan Officer salary in the United States. Experience level plays a crucial role, as does the specific industry within lending, such as mortgage, commercial, or consumer loans. Geographic location also significantly impacts earning potential, with some states offering substantially higher compensation.
Salary Distribution — Loan Officer
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $43,004 |
| 25th percentile | $55,689 |
| Median (50th percentile) | $76,354 |
| 75th percentile | $106,037 |
| 90th percentile | $145,184 |
Loan Officer Salary by State
Top 10 Highest-Paying States for Loan Officer
| # | State | Median Salary | vs National | Employed |
|---|---|---|---|---|
| 1 | Massachusetts | $101,600 | +33.1% | 4K |
| 2 | Connecticut | $95,730 | +25.4% | 2K |
| 3 | New York | $95,710 | +25.4% | 11K |
| 4 | Minnesota | $95,170 | +24.6% | 6K |
| 5 | Colorado | $94,520 | +23.8% | 3K |
| 6 | Oregon | $94,440 | +23.7% | 4K |
| 7 | New Jersey | $92,920 | +21.7% | 6K |
| 8 | District of Columbia | $92,890 | +21.7% | 370 |
| 9 | Vermont | $88,710 | +16.2% | 350 |
| 10 | Kansas | $86,970 | +13.9% | 4K |
Loan Officer Salary by Industry
How much Loan Officers earn across industries nationwide — Retail Trade pays the most ($103,260 median). Ranked by median annual salary (2025 BLS OEWS data).
| # | Industry | Median Salary | vs National | Employed |
|---|---|---|---|---|
| 1 | Retail Trade | $103,260 | +35.2% | 12K |
| 2 | Real Estate and Rental and Leasing | $84,090 | +10.1% | 3K |
| 3 | Government (excl. schools, hospitals & USPS) | $81,330 | +6.5% | 6K |
| 4 | Management of Companies and Enterprises | $79,570 | +4.2% | 12K |
| 5 | Other Services (except Public Administration) | $77,140 | +1.0% | 560 |
| 6 | Manufacturing | $77,120 | +1.0% | — |
| 7 | Finance and Insurance | $76,210 | -0.2% | 231K |
| 8 | Construction | $71,770 | -6.0% | 590 |
| 9 | Administrative and Support Services | $64,960 | -14.9% | 1K |
| 10 | Professional, Scientific, and Technical Services | $62,970 | -17.5% | 4K |
| 11 | Health Care and Social Assistance | $58,750 | -23.1% | 300 |
| 12 | Educational Services | $54,430 | -28.7% | 2K |
Source: U.S. Bureau of Labor Statistics, OEWS National Industry-Specific estimates, May 2025. National figures.
Historical Salary Trend — Loan Officer
| Year | Median Salary (United States) |
|---|---|
| 2022 | $68,453 |
| 2023 | $70,692 |
| 2024 | $73,485 |
| 2025 | $76,354 |
| 2026 (projected) | $79,335 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
Loan Officer Salary by Experience Level
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $55,689 |
| Mid-level | 3-5 yrs | $76,354 |
| Senior | 6-9 yrs | $106,037 |
| Staff / Lead | 10+ yrs | $145,184 |
Frequently Asked Questions
What is the typical salary range for a Loan Officer in the US?
- The salary range for Loan Officers in the United States typically falls between $43,004 and $145,184 per year. This wide range reflects variations in experience, location, and the specific type of lending institution.
How much does an entry-level Loan Officer make?
- While the provided data doesn't specifically break down entry-level salaries, the lower end of the overall salary range is $43,004. New Loan Officers often start closer to this figure and can expect their earnings to grow with experience.
Which states pay Loan Officers the most?
- Massachusetts is a top-paying state for Loan Officers, with an average salary of $101,600 per year. Other states with high earning potential are also likely to be found in regions with a strong financial sector.
Is the hourly wage for a Loan Officer high?
- The median hourly wage for a Loan Officer is $37. This equates to a solid annual income, with experienced professionals in high-demand areas potentially earning significantly more than the median.