Average Loan Officer Salary

Avg. Base Salary (USD)

The average salary for a Loan Officer is $51,124 in 2023

Base Salary
$35k - $79k
$660 - $15k
Profit Sharing
$582 - $10k
$510 - $98k
Total Pay
$34k - $82k
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What is the Pay by Experience Level for Loan Officers?

What Do Loan Officers Do?

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How do Loan Officers Rate Their Jobs?

3.8 out of 5
Highly Satisfied
Based on 171 responses, the job of Loan Officer has received a job satisfaction rating of 3.78 out of 5. On average, Loan Officers are highly satisfied with their job.

FAQs About Loan Officers

What is the highest pay for Loan Officers?

Our data indicates that the highest pay for a Loan Officer is $79k / year

What is the lowest pay for Loan Officers?

Our data indicates that the lowest pay for a Loan Officer is $35k / year

How can Loan Officers increase their salary?

Increasing your pay as a Loan Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Officer that oversees more junior Loan Officers, this experience can increase the likelihood to earn more.