Loan Officer with Consumer Loans Skills Salary

A Loan Officer with Consumer Loans skills earns an average salary of $42,045 per year. People in this job generally don't have more than 20 years' experience. For the first five to ten years in this position, pay increases somewhat, but any additional experience does not have a big effect on pay.

$30,489 - $62,730
$30K
$43K
$63K
MEDIAN: $42,502
10%
50%
90%

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$11.91 - $21.42
$12
$16
$21
MEDIAN: $16.18
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$21K$42K$63K
Salary
$30,489 - $62,730  
   
Bonus
$339.35 - $9,779  
Profit Sharing
$0.00 - $7,830  
Commission
$985 - $25,168  
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).
)
$28,285 - $61,786  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 402
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$12$24$36
Hourly Rate
$11.91 - $21.42  
   
Overtime
$17.25 - $35.16  
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$24K$48K$72K
Bonus
$339.35 - $9,779  
   
Commission
$985 - $25,168  
Profit Sharing
$0.00 - $7,830  
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).
)
$28,285 - $61,786  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 289

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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 $37,000 based on 363 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 $42,000 based on 191 salaries. An experienced Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $44,000 based on 171 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 $45,000 based on 68 salaries.

Key Stats for Loan Officer

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.
Less than 1 year
2%
1-4 years
43%
5-9 years
23%
10-19 years
22%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Officer Salaries

Late-Career
▲11%

Experienced
▲8%

Mid-Career
▲3%

National Average
$41,000

Entry-Level
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
2%
1-4 years
43%
5-9 years
23%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 69%
vision benefits
Vision: 55%
no benefits
None: 12%
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