Loan officer salary in United States
How much does a Loan Officer make in the United States?
Average base salary
$181,527
Average $181,527
Low $79,985
High $411,976
The average salary for a loan officer is $181,527 per year in the United States and $35,500 commission per year.83k salaries reported, updated at June 8, 2023
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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
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Top companies for Loan Officers in United States
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Highest paying cities for Loan Officers near 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
NMLS
(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 $181,527 per year.
Job Trend
| Year | Number of job openings on Indeed requiring this license | Change from previous year |
|---|---|---|
| 2011 | 11 | increase by 11 |
| 2012 | 11638 | increase by 105700.00% |
| 2013 | 44369 | increase by 281.24% |
| 2014 | 65840 | increase by 48.39% |
| 2015 | 22251 | decrease by 66.20% |
| 2016 | 23720 | increase by 6.60% |
| 2017 | 19551 | decrease by 17.58% |
| 2018 | 16762 | decrease by 14.27% |
| 2019 | 18436 | increase by 9.99% |
Top companies hiring Loan Officers on Indeed
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Top fields of study
Medical DegreeTop skills
Sales ExperienceMore critical skills and qualifications that pay well
| Top Licenses | Salary | Job openings | Companies |
|---|---|---|---|
| 870 jobs | 3,325 |
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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 ratings51% 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
5,592 job openingsAverage $189,798 per year
Loan Processor
4,452 job openingsAverage $51,160 per year
Loan Specialist
1,779 job openingsAverage $43,394 per year
Customer Service Representative
112,542 job openingsAverage $17.02 per hour
Mortgage Broker
19,457 job openingsAverage $102,913 per year
Loan Assistant
3,430 job openingsAverage $18.68 per hour
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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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