Loan Officer Salary in Alabama
Based on 5K+ workers in Alabama
Median Annual Salary (AL)
$66,710
$32.072/hr
vs National Average
$76,354
-12.6% vs national median
Salary Range (10th–90th)
$42K – $156K
5K employed in Alabama
Loan Officer salary in Alabama averages $60,750 per year, which is approximately 17% below the national average. Despite this difference, Alabama employs 5,680 loan officers across the state. Salaries in this field range from $39,990 to $147,110 annually, indicating significant variation based on individual circumstances and career progression.
Several factors influence Loan Officer salary in Alabama, including experience level, employer type, and geographic location within the state. Larger financial institutions and banks typically offer higher compensation than smaller lenders or credit unions. Additionally, loan officers who specialize in complex commercial lending or maintain strong track records of successful deals often earn substantially more than those handling standard residential mortgages.
Salary Distribution — Loan Officer in Alabama
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $42,090 |
| 25th percentile | $49,470 |
| Median (50th percentile) | $66,710 |
| 75th percentile | $102,990 |
| 90th percentile | $155,660 |
Historical Salary Trend — Loan Officer in Alabama vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $60,210 |
| 2023 | $62,140 |
| 2024 | $60,750 |
| 2025 | $66,710 |
| Year | Alabama Median | National Median |
|---|---|---|
| 2022 | $60,210 | $68,453 |
| 2023 | $62,140 | $70,692 |
| 2024 | $60,750 | $73,485 |
| 2025 | $66,710 | $76,354 |
Loan Officer Salary by Experience Level in Alabama
Loan Officer Salary in Other States
Frequently Asked Questions
How much do loan officers make in Alabama?
- Loan officers in Alabama earn a median salary of $60,750 per year, or approximately $29 per hour. This is 17.3% below the national average for this position.
What is the salary range for loan officers in Alabama?
- Loan officer salaries in Alabama range from $39,990 at the lower end to $147,110 at the upper end, reflecting significant variation based on experience and employer.
How many loan officers are employed in Alabama?
- There are currently 5,680 loan officers employed in Alabama, indicating a substantial job market for this profession in the state.
Is the loan officer salary in Alabama lower than the national average?
- Yes, Alabama's median loan officer salary of $60,750 is 17.3% below the national average, making it a lower-paying state for this profession compared to the United States overall.