How much does a loan officer make?
Median yearly pay in the United States: half earn more and half earn less. That is $36.87 an hour or $6,391 a month.
- Hourly
- $36.87
- Average (mean)
- $87,790
- Jobs
- 274,330
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $39,430 | $18.96 | |
| 25th | $52,730 | $25.35 | |
| Median | $76,690 | $36.87 | |
| 75th | $104,100 | $50.04 | |
| 90th | $153,200 | $73.64 |
By state
Median yearly pay.
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
| North Dakota | $84,650 |
| Iowa | $83,670 |
| Delaware | $83,130 |
| Maine | $81,900 |
| California | $81,770 |
| New Hampshire | $80,660 |
| Washington | $80,120 |
| South Dakota | $79,920 |
| Nebraska | $79,840 |
| Wyoming | $79,620 |
| Illinois | $79,150 |
| Virginia | $78,320 |
| Wisconsin | $78,290 |
| Rhode Island | $77,250 |
| Ohio | $76,370 |
| North Carolina | $75,920 |
| Michigan | $74,470 |
| Missouri | $73,660 |
| Maryland | $73,580 |
| Oklahoma | $72,990 |
| Indiana | $72,960 |
| Alaska | $72,800 |
| Montana | $71,570 |
| Florida | $71,090 |
| Idaho | $71,070 |
| Arkansas | $70,260 |
| Pennsylvania | $69,300 |
| Georgia | $68,490 |
| Alabama | $66,710 |
| Texas | $66,370 |
| Nevada | $64,500 |
| Hawaii | $63,740 |
| South Carolina | $63,220 |
| Tennessee | $62,800 |
| New Mexico | $62,610 |
| Arizona | $62,160 |
| Kentucky | $62,090 |
| Louisiana | $61,110 |
| Mississippi | $60,260 |
| Utah | $59,440 |
| West Virginia | $57,580 |
Highest paying cities
Metro areas, median yearly pay.
| Enid, OK | $105,000 |
| Bridgeport, CT | $103,900 |
| Boston, MA | $103,400 |
| San Francisco, CA | $103,000 |
| Minneapolis, MN | $102,200 |
| New York, NY | $101,600 |
| Des Moines, IA | $101,200 |
| Lawrence, KS | $100,500 |
| Denver, CO | $100,100 |
| Wichita, KS | $99,170 |
| New Haven, CT | $98,930 |
| Iowa City, IA | $98,630 |
| Fort Collins, CO | $98,450 |
| Rochester, MN | $98,110 |
| Washington, DC | $97,800 |
In other countries
Loan Officer belongs to the international group "Credit and loans officers".
Compare pay in 140 countriesSimilar jobs
- Accountant and Auditor$83,680
- Property Appraiser and Assessor$67,960
- Budget Analyst$91,640
- Credit Analyst$83,510
- Financial and Investment Analyst$102,700
- Personal Financial Advisor$105,100
- Insurance Underwriter$81,370
- Financial Risk Specialist$117,300
- Financial Examiner$94,160
- Credit Counselor$52,230
Frequently asked questions
How much does a loan officer make an hour?
The median hourly pay is $36.87 ($76,690 a year).
How much does a loan officer make a month?
About $6,391 a month before tax, based on a median of $76,690 a year.
How much does a loan officer make starting out?
The lowest-paid 10% make $39,430 or less a year ($18.96 an hour); the top 10% make $153,200 or more.
Which state pays loan officers the most?
Massachusetts, with a median of $101,600 a year, followed by Connecticut ($95,730) and New York ($95,710).
Which city pays loan officers the most?
Enid, OK, with a median of $105,000 a year.
How many loan officers are there in the United States?
About 274,330 people work as loan officers.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.