Loan officer salary in United States
How much does a Loan Officer make in the United States?
Average base salary
$184,143
Average $184,143
Low $81,414
High $416,497
The average salary for a loan officer is $184,143 per year in the United States and $35,500 commission per year.63.4k salaries reported, updated at September 25, 2023
Is this useful?
Salaries by years of experience in the United States
| Years of experience | Per 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
Is this useful?
Top companies for Loan Officers in United States
Is this useful?
Highest paying cities for Loan Officers near United States
Is this useful?
Where can a Loan Officer earn more?
Compare salaries for Loan Officers in different locations
Is this useful?
Best-paid skills and qualifications for Loan Officers
Most recommended skill
Sales Experience(earn +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 $184,143 per year.
Job Trend
| Year | Number of job openings on Indeed requiring this skill | Change from previous year |
|---|---|---|
| 2011 | 36 | increase by 36 |
| 2012 | 9145 | increase by 25302.78% |
| 2013 | 34437 | increase by 276.57% |
| 2014 | 47429 | increase by 37.73% |
| 2015 | 14272 | decrease by 69.91% |
| 2016 | 13874 | decrease by 2.79% |
| 2017 | 10862 | decrease by 21.71% |
| 2018 | 7884 | decrease by 27.42% |
| 2019 | 6665 | decrease by 15.46% |
Top companies hiring Loan Officers with the recommended skill
Is this useful?
Top licenses
NMLSTop fields of study
Medical DegreeMore critical skills and qualifications that pay well
| Top Licenses | Salary | Job openings | Companies |
|---|---|---|---|
| 870 jobs | 3,325 |
Is this useful?
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
Is this useful?
Salary satisfaction
Based on 475 ratings51% of Loan Officers in the United States think their salaries are enough for the cost of living in their area.
Is this useful?
How much do similar professions get paid in United States?
Mortgage Loan Originator
Job openingsAverage $171,612 per year
Customer Service Representative
Job openingsAverage $17.51 per hour
Loan Processor
Job openingsAverage $51,910 per year
Loan Specialist
Job openingsAverage $43,285 per year
Mortgage Banker
Job openingsAverage $66,819 per year
Mortgage Agent
Job openingsAverage $54,118 per year
Is this useful?
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.
Was this answer helpful?
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:
Was this answer helpful?
