Loan Officer Salary in Virginia
Based on 9K+ workers in Virginia
Median Annual Salary (VA)
$78,320
$37.65/hr
vs National Average
$76,354
+2.6% vs national median
Salary Range (10th–90th)
$40K – $157K
9K employed in Virginia
The median Loan Officer salary in Virginia is an estimated $78,320 per year, placing it approximately 3% above the national average. With 8,790 workers in the field, Virginia offers a robust job market for these professionals. This median figure sits comfortably within a broad salary range, extending from $40,190 to $157,070 annually.
Several factors influence the Loan Officer salary in Virginia. Experience level is a significant determinant, with seasoned professionals typically earning more than entry-level individuals. Additionally, the specific type of lending institution, geographic location within Virginia, and the volume and complexity of loans handled can all impact compensation. Education and specialized certifications may also play a role.
Salary Distribution — Loan Officer in Virginia
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $40,190 |
| 25th percentile | $57,200 |
| Median (50th percentile) | $78,320 |
| 75th percentile | $109,380 |
| 90th percentile | $157,070 |
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 Virginia 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 Virginia vs National
| Year | Median Salary (Virginia) |
|---|---|
| 2022 | $77,910 |
| 2023 | $77,070 |
| 2024 | $79,600 |
| 2025 | $78,320 |
| 2026 (projected) | $78,320 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Virginia Median | National Median |
|---|---|---|
| 2022 | $77,910 | $68,453 |
| 2023 | $77,070 | $70,692 |
| 2024 | $79,600 | $73,485 |
| 2025 | $78,320 | $76,354 |
| 2026 (projected) | $78,320 | $76,354 |
Loan Officer Salary by Experience Level in Virginia
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $57,200 |
| Mid-level | 3-5 yrs | $78,320 |
| Senior | 6-9 yrs | $109,380 |
| Staff / Lead | 10+ yrs | $157,070 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Virginia
How other high-demand occupations in Virginia compare to Loan Officer ($78,320 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in VA | $185,220 | +136.5% | $89.05/hr |
| Economist in VA | $137,590 | +75.7% | $66.15/hr |
| Actuary in VA | $131,900 | +68.4% | $63.41/hr |
| Financial Analyst in VA | $105,490 | +34.7% | $50.72/hr |
| Budget Analyst in VA | $105,470 | +34.7% | $50.71/hr |
| Financial Examiner in VA | $104,060 | +32.9% | $50.03/hr |
| Personal Financial Advisor in VA | $102,640 | +31.1% | $49.35/hr |
| Credit Analyst in VA | $102,430 | +30.8% | $49.25/hr |
| Accountant in VA | $93,290 | +19.1% | $44.85/hr |
| Tax Examiner in VA | $92,930 | +18.7% | $44.68/hr |
| Compliance Officer in VA | $80,380 | +2.6% | $38.64/hr |
| Securities Sales Agent in VA | $62,910 | -19.7% | $30.25/hr |
Frequently Asked Questions
What is the average salary for a Loan Officer in Virginia?
- The median salary for a Loan Officer in Virginia is $78,320 per year, which breaks down to approximately $38 per hour. This median figure is 2.6% higher than the national average for this role.
How much can a Loan Officer make in Virginia?
- Loan Officers in Virginia can expect to earn within a wide salary range. The bottom 25% of earners make $40,190 annually, while the top 25% can earn up to $157,070 per year.
Is the salary for Loan Officers in Virginia higher than the national average?
- Yes, the salary for Loan Officers in Virginia is higher than the national average. The median salary in Virginia is $78,320 per year, which is 2.6% above the national median.
How many Loan Officers are employed in Virginia?
- There are a significant number of Loan Officers employed in Virginia, with a total of 8,790 individuals in this profession. This indicates a robust job market for loan officers within the state.