Loan Officer Salary in Maine
Based on 1K+ workers in Maine
Median Annual Salary (ME)
$81,900
$39.38/hr
vs National Average
$76,354
+7.3% vs national median
Salary Range (10th–90th)
$47K – $141K
1K employed in Maine
Loan Officer salary in Maine averages $81,900 per year, positioning the state above the national average at 7% higher. With approximately 1,060 loan officers employed across Maine, the profession offers competitive compensation within the state's financial services sector. Salaries in this field range from $46,710 to $140,680 annually, reflecting considerable variation based on individual circumstances and employer types.
Several factors influence Loan Officer salary in Maine, including experience level, educational credentials, and employer size. Specialization in specific loan types, professional certifications, and performance metrics tied to loan origination also impact earning potential. Geographic location within Maine, employer type—whether bank, credit union, or mortgage company—and overall economic conditions further shape compensation packages throughout the state.
Salary Distribution — Loan Officer in Maine
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $46,710 |
| 25th percentile | $60,120 |
| Median (50th percentile) | $81,900 |
| 75th percentile | $108,400 |
| 90th percentile | $140,680 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Maine tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Maine vs National
| Year | Median Salary (Maine) |
|---|---|
| 2022 | $66,100 |
| 2023 | $72,110 |
| 2024 | $78,040 |
| 2025 | $81,900 |
| 2026 (projected) | $85,951 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Maine Median | National Median |
|---|---|---|
| 2022 | $66,100 | $68,453 |
| 2023 | $72,110 | $70,692 |
| 2024 | $78,040 | $73,485 |
| 2025 | $81,900 | $76,354 |
| 2026 (projected) | $85,951 | $80,131 |
Loan Officer Salary by Experience Level in Maine
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $60,120 |
| Mid-level | 3-5 yrs | $81,900 |
| Senior | 6-9 yrs | $108,400 |
| Staff / Lead | 10+ yrs | $140,680 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Maine
How other high-demand occupations in Maine compare to Loan Officer ($81,900 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in ME | $133,610 | +63.1% | $64.24/hr |
| Actuary in ME | $119,620 | +46.1% | $57.51/hr |
| Tax Examiner in ME | $109,060 | +33.2% | $52.43/hr |
| Economist in ME | $91,480 | +11.7% | $43.98/hr |
| Financial Analyst in ME | $88,320 | +7.8% | $42.46/hr |
| Budget Analyst in ME | $88,130 | +7.6% | $42.37/hr |
| Compliance Officer in ME | $83,740 | +2.2% | $40.26/hr |
| Credit Analyst in ME | $81,750 | -0.2% | $39.30/hr |
| Financial Examiner in ME | $80,840 | -1.3% | $38.87/hr |
| Accountant in ME | $77,480 | -5.4% | $37.25/hr |
| Insurance Sales Agent in ME | $62,920 | -23.2% | $30.25/hr |
| Securities Sales Agent in ME | $59,970 | -26.8% | $28.83/hr |
Frequently Asked Questions
How much do loan officers make in Maine?
- Loan officers in Maine earn a median salary of $81,900 per year, or $39 per hour. This is 7.3% higher than the national average for this position, making it a competitive market for loan officers in the state.
What is the salary range for loan officers in Maine?
- Loan officer salaries in Maine range from $46,710 at the lower end to $140,680 at the upper end. This wide range reflects differences in experience, education, and performance in the field.
Is the loan officer salary in Maine above the national average?
- Yes, Maine's loan officer median salary of $81,900 is 7.3% higher than the national average. This makes Maine an above-average state for loan officer compensation.
How many loan officers work in Maine?
- There are approximately 1,060 loan officers employed in Maine. This represents a stable workforce in the state's lending industry.