Loan Officer Salary in Arkansas
Based on 3K+ workers in Arkansas
Median Annual Salary (AR)
$70,260
$33.779/hr
vs National Average
$76,354
-8.0% vs national median
Salary Range (10th–90th)
$39K – $137K
3K employed in Arkansas
Loan Officer salary in Arkansas averages $70,260 annually, reflecting the compensation for approximately 2,610 professionals in the state. This figure sits 8% below the national average, positioning Arkansas slightly lower than the broader market. However, the field offers a substantial range of earning potential, with salaries spanning from $39,210 to $136,500 depending on individual circumstances.
Several factors influence Loan Officer salary in Arkansas, including years of experience, educational credentials, and licensing status. The type of lending institution—whether working for a bank, credit union, or mortgage company—significantly impacts earnings potential. Geographic location within the state, performance metrics, and client base size also play important roles in determining individual compensation levels.
Salary Distribution — Loan Officer in Arkansas
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $39,210 |
| 25th percentile | $51,990 |
| Median (50th percentile) | $70,260 |
| 75th percentile | $106,700 |
| 90th percentile | $136,500 |
Historical Salary Trend — Loan Officer in Arkansas vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $71,560 |
| 2023 | $69,100 |
| 2024 | $70,050 |
| 2025 | $70,260 |
| Year | Arkansas Median | National Median |
|---|---|---|
| 2022 | $71,560 | $68,453 |
| 2023 | $69,100 | $70,692 |
| 2024 | $70,050 | $73,485 |
| 2025 | $70,260 | $76,354 |
Loan Officer Salary by Experience Level in Arkansas
Loan Officer Salary in Other States
Frequently Asked Questions
How much do loan officers make in Arkansas?
- The median salary for loan officers in Arkansas is $70,260 per year, or $34 per hour. This is approximately 8% below the national average for this position.
What is the salary range for loan officers in Arkansas?
- Loan officer salaries in Arkansas range from $39,210 at the lower end to $136,500 at the higher end, depending on experience, employer, and individual performance.
How many loan officers are employed in Arkansas?
- There are currently 2,610 loan officers employed in Arkansas, representing a substantial workforce in the lending industry within the state.
Is the loan officer salary in Arkansas competitive compared to the national average?
- The median loan officer salary in Arkansas at $70,260 is 8% lower than the national average, making it slightly less competitive than other states, though the $136,500 ceiling shows potential for higher earnings with experience.