Loan Officers

Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.

$64,660

Median US Salary

Bachelor's degree

Minimum education requirement

Outlook for Loan Officers

Currently employed

307,240

In the U.S. Total

Job Growth

11%

2016 - 2026 growth rate

Jobs added

10,000 to 49,999

Estimated over the next 10 years

Median Salary by State for Loan Officers

Heatmap

Hover for salary data. Darker is higher salary. Grey is no data.

10 Highest Paying States

(Median salary)

District of Columbia $100,970

New York $86,680

Connecticut $76,790

Nebraska $76,740

New Jersey $73,280

Massachusetts $72,420

Kansas $72,170

Minnesota $70,820

New Hampshire $70,370

Texas $70,330

Free data set and calculator

Want to know more about how much Loan Officers make? We breakdown salary, employement numbers, etc. by state and city. Also includes a free paycheck calculator so you can play with the numbers.

Maxxing your 401k as Loan Officers

All numbers based on median salary

% to Max 401k

29.4%

Per paycheck

$731.15

Bi-Weekly Pay Period

Gross Income $2,486.92
Pre Tax Retirement $731.15
Before Taxes $1,755.77
Taxes $526.73
Take Home $1,229.04

Free data set and calculator

Want to know more about how much Loan Officers make? We breakdown salary, employement numbers, etc. by state and city. Also includes a free paycheck calculator so you can play with the numbers.