Loan officer

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

Average base salary
7.4k salaries reported, updated at May 22, 2020
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
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

View job openings with the years of experience that is relevant to you on Indeed

Where can a Loan Officer earn more?

Compare salaries for Loan Officers in different locations

Best-paid skills and qualifications for loan officers

Most recommended license


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.

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
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Field of study categories:
Top field of study
Job openings
Medical Degree
20 jobs
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Skill categories:
Top skill
Job openings
Sales Experience
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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