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Loan Officer salary in United States

How much does a Loan Officer make in the United States?

Average base salary

$215,692
Commission
$35,000per year
Non-cash benefit
401(k)
View more benefits

The average salary for a loan officer is $215,692 per year in the United States and $35,000 commission per year.90.4k salaries reported, updated at August 14, 2022.

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Salaries by years of experience in the United States

Years of experiencePer year
Less than 1 year
1 to 2 years
3 to 5 years
6 to 9 years
More than 10 years
View job openings with the years of experience that is relevant to you on Indeed
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Top companies for Loan Officers in United States

  1. Bank of England Mortgage
    3.2star
    35 reviews6 salaries reported
    $200,607per year
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Highest paying cities for Loan Officers in United States

  1. San Diego, CA
    $231,188 per year
    156 salaries reported
  2. Houston, TX
    $220,402 per year
    104 salaries reported
  3. Fort Worth, TX
    $212,357 per year
    24 salaries reported
  1. San Antonio, TX
    $209,750 per year
    54 salaries reported
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Where can a Loan Officer earn more?

Compare salaries for Loan Officers in different locations
vs
Explore Loan Officer openings
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Best-paid skills and qualifications for Loan Officers

Most recommended skill

Sales Experienceearn +10.60% more

The jobs requiring this skill have decrease by 15.46% since 2018. Loan Officers with this skill earn +10.60% more than the average base salary, which is $215,692 per year.

Job Trend
YearNumber of job openings on Indeed requiring this skillChange from previous year
201136increase by 36
20129145increase by 25302.78%
201334437increase by 276.57%
201447429increase by 37.73%
201514272decrease by 69.91%
201613874decrease by 2.79%
201710862decrease by 21.71%
20187884decrease by 27.42%
20196665decrease by 15.46%

Top companies hiring Loan Officers with the recommended skill

New American Funding
NFM Lending
BHG Financial
Streamline Mortgage
Geneva Financial
View more companies for Loan Officers
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Top licenses
NMLS
+28.08%salary
Top fields of study
Medical Degree
+21.81%salary

More critical skills and qualifications that pay well

Top LicensesSalaryJob openingsCompanies
870 jobs3,325
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Most common benefits for Loan Officers

  • 401(k)
  • 401(k) matching
  • AD&D insurance
  • Continuing education credits
  • Dental insurance
  • Disability insurance
  • Employee assistance program
  • Employee discount
  • Employee stock ownership plan
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Opportunities for advancement
  • Paid time off
  • Paid training
  • Parental leave
  • Professional development assistance
  • Referral program
  • Retirement plan
  • Tuition reimbursement
  • Vision insurance
  • Work from home
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Salary satisfaction

Based on 475 ratings

51% of Loan Officers in the United States think their salaries are enough for the cost of living in their area.

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How much do similar professions get paid in United States?

Mortgage Loan Originator

6,687 job openings

Average $282,880 per year

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Common questions about salaries for a Loan Officer

How can I know if I am being paid fairly as a loan officer?

If you’re unsure about what salary is appropriate for a loan officer, visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry, and experience.

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How much do similar professions to Loan Officer get paid?

Check the below indeed career pages for the detailed pay ranges for the similar professions to loan officer:

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