Loan officer

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

Average base salary
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7.4k salaries reported, updated at May 22, 2020
$101,275
per year
The average salary for a loan officer is $101,275 per year in the United States and $24,000 commission per year.
Additional compensation
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Commission
$24,000
per year
Most common benefits
  • Work from home
  • Retirement plan
  • Life insurance
  • Vision insurance
  • Dental insurance

Salaries by years of experience in the United States

Salaries by years of experience in the United States

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Where can a Loan Officer earn more?

Compare salaries for Loan Officers in different locations
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Best-paid skills and qualifications for loan officers

Most recommended license

NMLSdimension-trending-icon

earn +28.08% more

The jobs requiring this license have increase by 9.99% since 2018. Loan Officers with this license earn +28.08% more than the average base salary, which is $101,275 per year.

201220132014201520162017201820192020
Job Trend

Top companies hiring loan officers on Indeed

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More critical skills and qualifications that pay well

License categories:
Top license
Salary
Job openings
Companies
NMLS
+28.08%
870 jobs
3,325Company icon
Field of study categories:
Top field of study
Salary
Job openings
Companies
Medical Degree
+21.81%
20 jobs
55Company icon
Skill categories:
Top skill
Salary
Job openings
Companies
Sales Experience
+10.60%
1,092Company icon

Most common benefits for Loan Officers

  • Work from home
  • Retirement plan
  • Life insurance
  • Vision insurance
  • Dental insurance
  • Flexible schedule
  • Health insurance
  • 401(k)
  • 401(k) matching
  • Professional development assistance
  • Paid time off
  • AD&D insurance

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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Frequently asked questions
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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