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Loan Officer salary in Albany, NY

How much does a Loan Officer make in Albany, NY?

Average base salary

$76,197
arrow down58%
below national average

Most common benefits

Commission
$22,000per year
Others
401(k)
View more

The average salary for a loan officer is $76,197 per year in Albany, NY and $22,000 commission per year.2 salaries reported, updated at October 14, 2021.

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Salaries by years of experience in Albany, NY

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 Albany, NY

  1. NEXA Mortgage
    3.9star
    17 reviews19 salaries reported
    $262,040per year
  2. $202,738per year
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Highest paying cities for Loan Officers near Albany, NY

  1. Garden City, NY
    $205,198 per year
    6 salaries reported
  2. Flushing, NY
    $143,592 per year
    7 salaries reported
  3. Melville, NY
    $106,508 per year
    8 salaries reported
  1. Valley Stream, NY
    $95,978 per year
    7 salaries reported
  2. White Plains, NY
    $94,352 per year
    7 salaries reported
  3. Buffalo, NY
    $90,732 per year
    7 salaries reported
  1. Jericho, NY
    $88,919 per year
    7 salaries reported
  2. Rochester, NY
    $84,422 per year
    8 salaries reported
  3. New York, NY
    $80,681 per year
    21 salaries reported
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Where can a Loan Officer earn more?

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

Most recommended license

NMLSearn +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 $76,197 per year.

Job Trend
YearNumber of job openings on Indeed requiring this licenseChange from previous year
201111increase by 11
201211638increase by 105700.00%
201344369increase by 281.24%
201465840increase by 48.39%
201522251decrease by 66.20%
201623720increase by 6.60%
201719551decrease by 17.58%
201816762decrease by 14.27%
201918436increase by 9.99%

Top companies hiring Loan Officers on Indeed

SEFCU
PNC Financial Services Group
KeyBank
PenFed Credit Union
Berkshire Bank
View more companies for Loan Officers
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Top fields of study
Medical Degree
+21.81%salary
Top skills
Sales Experience
+10.60%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 Albany, NY?

Mortgage Loan Originator

9 job openings

Average $225,565 per year

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How much should you be earning?

Get an estimated calculation of how much you should be earning and insight into your career options. See more details

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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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