Loan Officers Salary
Salary data across 60 metro areas in the US & CanadaUSD & CAD
Search Jobs on IndeedAvg Median Salary
$69,750
Highest Paying City
San Francisco
$99,000
Cities Tracked
60
What Do Loan Officers Do?
Loan Officers support organizational operations by analyzing financial data, managing business processes, and ensuring compliance with regulations. Their analytical skills help organizations make informed decisions and operate efficiently.
Most work in office environments with standard business hours. Some positions may require travel for audits, client meetings, or conferences.
Key Skills for Loan Officers
CommunicationProblem SolvingAttention to DetailProject ManagementResearchRegulatory Compliance
Education Requirements
Bachelor's degree in business, finance, accounting, or a related field
A bachelor's degree is the minimum requirement for most positions. Professional certifications such as CPA, CFA, or PMP can significantly enhance career prospects and earning potential.
Career Outlook
Employment is expected to grow faster than average as organizations increasingly rely on data analysis and financial planning to guide business decisions.
How to Increase Your Loan Officers Salary
- 1.Earn professional certifications relevant to your specialty (CPA, CFA, PMP)
- 2.Develop advanced Excel and data visualization skills
- 3.Learn business intelligence tools like Tableau or Power BI
- 4.Build expertise in regulatory compliance and risk management
- 5.Pursue a master's degree in business, finance, or analytics
Loan Officers Salary by City
| City | Median | Average | Range (10th-90th) | Currency | |
|---|---|---|---|---|---|
| San Francisco, CA | $99,000 | $109,000 | $59,000 - $129,000 | USD | Apply |
| San Jose, CA | $99,000 | $106,000 | $59,000 - $129,000 | USD | Apply |
| Seattle, WA | $93,000 | $97,000 | $56,000 - $121,000 | USD | Apply |
| Boston, MA | $88,000 | $96,000 | $53,000 - $114,000 | USD | Apply |
| New York, NY | $86,000 | $94,000 | $52,000 - $112,000 | USD | Apply |
| Washington DC, DC | $85,000 | $91,000 | $51,000 - $110,000 | USD | Apply |
| San Diego, CA | $82,000 | $90,000 | $49,000 - $107,000 | USD | Apply |
| Los Angeles, CA | $81,000 | $88,000 | $49,000 - $105,000 | USD | Apply |
| Portland, OR | $79,000 | $82,000 | $47,000 - $103,000 | USD | Apply |
| Anchorage, AK | $79,000 | $85,000 | $47,000 - $103,000 | USD | Apply |
| Denver, CO | $77,000 | $82,000 | $46,000 - $100,000 | USD | Apply |
| Honolulu, HI | $77,000 | $85,000 | $46,000 - $100,000 | USD | Apply |
| Chicago, IL | $76,000 | $83,000 | $46,000 - $99,000 | USD | Apply |
| Austin, TX | $76,000 | $78,000 | $46,000 - $99,000 | USD | Apply |
| Baltimore, MD | $76,000 | $81,000 | $46,000 - $99,000 | USD | Apply |
| Dallas, TX | $75,000 | $77,000 | $45,000 - $98,000 | USD | Apply |
| Philadelphia, PA | $75,000 | $77,000 | $45,000 - $98,000 | USD | Apply |
| Minneapolis, MN | $75,000 | $82,000 | $45,000 - $98,000 | USD | Apply |
| Sacramento, CA | $75,000 | $83,000 | $45,000 - $98,000 | USD | Apply |
| Hartford, CT | $74,000 | $82,000 | $44,000 - $96,000 | USD | Apply |
| Raleigh, NC | $73,000 | $76,000 | $44,000 - $95,000 | USD | Apply |
| Atlanta, GA | $71,000 | $79,000 | $43,000 - $92,000 | USD | Apply |
| Houston, TX | $70,000 | $74,000 | $46,000 - $88,000 | USD | Apply |
| Detroit, MI | $70,000 | $76,000 | $46,000 - $88,000 | USD | Apply |
| Nashville, TN | $69,000 | $76,000 | $45,000 - $87,000 | USD | Apply |
| Salt Lake City, UT | $68,000 | $73,000 | $44,000 - $86,000 | USD | Apply |
| Milwaukee, WI | $68,000 | $74,000 | $44,000 - $86,000 | USD | Apply |
| Phoenix, AZ | $67,000 | $69,000 | $44,000 - $85,000 | USD | Apply |
| Charlotte, NC | $67,000 | $71,000 | $44,000 - $85,000 | USD | Apply |
| Las Vegas, NV | $67,000 | $70,000 | $44,000 - $85,000 | USD | Apply |
| Columbus, OH | $67,000 | $70,000 | $44,000 - $85,000 | USD | Apply |
| Cincinnati, OH | $67,000 | $75,000 | $44,000 - $85,000 | USD | Apply |
| Richmond, VA | $67,000 | $71,000 | $44,000 - $85,000 | USD | Apply |
| Orlando, FL | $66,000 | $71,000 | $43,000 - $83,000 | USD | Apply |
| St. Louis, MO | $66,000 | $74,000 | $43,000 - $83,000 | USD | Apply |
| Kansas City, MO | $66,000 | $69,000 | $43,000 - $83,000 | USD | Apply |
| Cleveland, OH | $66,000 | $72,000 | $43,000 - $83,000 | USD | Apply |
| Toronto, ON | $66,000 | $70,000 | $43,000 - $83,000 | CAD | Apply |
| Miami, FL | $65,000 | $69,000 | $42,000 - $82,000 | USD | Apply |
| Indianapolis, IN | $65,000 | $67,000 | $42,000 - $82,000 | USD | Apply |
| Pittsburgh, PA | $65,000 | $68,000 | $42,000 - $82,000 | USD | Apply |
| Buffalo, NY | $65,000 | $67,000 | $42,000 - $82,000 | USD | Apply |
| Tampa, FL | $64,000 | $69,000 | $42,000 - $81,000 | USD | Apply |
| San Antonio, TX | $64,000 | $66,000 | $42,000 - $81,000 | USD | Apply |
| Jacksonville, FL | $64,000 | $72,000 | $42,000 - $81,000 | USD | Apply |
| Louisville, KY | $64,000 | $71,000 | $42,000 - $81,000 | USD | Apply |
| New Orleans, LA | $64,000 | $71,000 | $42,000 - $81,000 | USD | Apply |
| Tucson, AZ | $64,000 | $66,000 | $42,000 - $81,000 | USD | Apply |
| Vancouver, BC | $64,000 | $66,000 | $42,000 - $81,000 | CAD | Apply |
| Oklahoma City, OK | $63,000 | $70,000 | $41,000 - $80,000 | USD | Apply |
| Memphis, TN | $63,000 | $68,000 | $41,000 - $80,000 | USD | Apply |
| Birmingham, AL | $63,000 | $70,000 | $41,000 - $80,000 | USD | Apply |
| Calgary, AB | $61,000 | $68,000 | $40,000 - $77,000 | CAD | Apply |
| Ottawa, ON | $59,000 | $63,000 | $38,000 - $74,000 | CAD | Apply |
| Edmonton, AB | $58,000 | $63,000 | $38,000 - $73,000 | CAD | Apply |
| Hamilton, ON | $55,000 | $57,000 | $36,000 - $69,000 | CAD | Apply |
| Montreal, QC | $54,000 | $60,000 | $35,000 - $68,000 | CAD | Apply |
| Winnipeg, MB | $52,000 | $54,000 | $34,000 - $66,000 | CAD | Apply |
| Halifax, NS | $52,000 | $56,000 | $34,000 - $66,000 | CAD | Apply |
| Quebec City, QC | $49,000 | $54,000 | $32,000 - $62,000 | CAD | Apply |