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.

$30,425 - $61,836
$30K
$42K
$62K
MEDIAN: $42,045
10%
50%
90%

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$11.87 - $21.14
$12
$16
$21
MEDIAN: $16.11
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
$30,425 - $61,836  
   
Bonus
$402.68 - $9,919  
Profit Sharing
$0.00 - $7,757  
Commission
$974 - $37,500  
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).
)
$28,355 - $61,352  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 391
© PayScale, Inc. @ www.payscale.com
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
$11.87 - $21.14  
   
Overtime
$17.13 - $35.08  
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
$402.68 - $9,919  
   
Commission
$974 - $37,500  
Profit Sharing
$0.00 - $7,757  
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).
)
$28,355 - $61,352  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 269
© PayScale, Inc. @ www.payscale.com

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Pay by Experience Level for Loan Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Key Stats for Loan Officer

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 135 votes.
Less than 1 year
2%
1-4 years
43%
5-9 years
22%
10-19 years
22%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Officer Salaries

Late-Career
▲12%

Experienced
▲8%

Mid-Career
▲4%

National Average
$41,000

Entry-Level
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 135 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 68%
vision benefits
Vision: 55%
dental benefits
None: 11%
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