Loan Officer with Commercial Loans Skills Salary

A Loan Officer with Commercial Loans skills earns an average salary of $49,973 per year. People in this job generally don't have more than 20 years' experience.

$33,473 - $80,900
$33K
$50K
$81K
MEDIAN: $49,973
10%
50%
90%

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$12.70 - $22.26
$13
$16
$22
MEDIAN: $16.50
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$29K$58K$87K
Salary
$33,473 - $80,900  
   
Bonus
$991 - $12,671  
Profit Sharing
$22.50 - $11,000  
Commission
$1,490 - $50,335  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,493 - $84,336  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 243
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$12.70 - $22.26  
   
Overtime
$25.11  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$991 - $12,671  
   
Commission
$1,490 - $50,335  
Profit Sharing
$22.50 - $11,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,493 - $84,336  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 38

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Pay by Experience Level for Loan Officer

Pay by Experience for a Loan Officer has a positive trend. An entry-level Loan Officer with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 161 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $59,000 based on 83 salaries. An experienced Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 60 salaries. A Loan Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $76,000 based on 29 salaries.

Key Stats for Loan Officer

Gender

Female
35 %
Male
65 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.
Less than 1 year
2%
1-4 years
44%
5-9 years
26%
10-19 years
18%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Officer Salaries

Late-Career
▲51%

Mid-Career
▲19%

Experienced
▲18%

National Average
$50,000

Entry-Level
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
2%
1-4 years
44%
5-9 years
26%
10-19 years
18%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 68%
vision benefits
Vision: 49%
no benefits
None: 10%