Salary for Loan Officers

That's not a valid work email account. Please enter your work email (e.g.
Please enter your work email

Also known as:  Branch Lending Officer, Commercial Lender, Loan Analyst, Loan Officer, Loan Reviewer, Real Estate Loan Officer helps find better paying jobs across all specialties and locations. Sign up in our career community today!

Loan officers educate potential borrowers about the different types of loans available to them and the requirements and regulations governing these loans. They determine borrower eligibility based on credit history, financial status and property evaluations. These professionals frequently review and update borrower credit information and handle customer complaints when necessary. They must stay informed regarding innovations in the industry in order to anticipate and better meet their client's needs. Educational requirements for this position include a high school diploma or equivalent and several years of experience working in the banking and lending industries.

A Loan Officer can get salaries in a range of $33,650 to $133,850 depending on tenure and industry expertise. will normally receive an average salary of seventy-six thousand nine hundred and thirty dollars per year.

are compensated highest in New York, where they can earn average pay scales of close to $104,400. People in this category of job can expect the highest salaries in Retail Trade, which has an average salary rate of $97,830.

Are you an aspiring loan officer? Want a new opportunity where you can earn a higher salary? Join our loan officer Career Community today!

The national wage distribution is shown below. To overlay local salaries for a Loan Officer, please select your state.
Annual salary
Hourly rate
Recruiter makes it easy to find out about new jobs for loan officers. Join our loan officer Career Community today!

The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 32.42 percent nationwide in that time.


Loan Officers tend to make the most in the following industries:

Retail Trade
Wholesale Trade
Real Estate and Rental and Leasing
Management of Companies and Enterprises

In general, they earn less within the industries below:

Health Care and Social Assistance
Educational Services
Administrative, Support and Waste Management Services
Other Services (except Public Administration)
Professional, Scientific, and Technical Services
Public Administration
Recruiters on our platform will receive your resume directly in their inbox if there’s a match. POST YOUR RESUME
3 out of 4 resumes never get seen.
Employers get hundreds of applications, and most get filtered out before they ever see them. Upload your resume to get through the filters.