Average Loan Officer Salary

$48,873
Avg. Base Salary (USD)
10%
$34k
MEDIAN
$49k
90%
$75k

The average salary for a Loan Officer is $48,873

Base Salary
$34k - $75k
Bonus
$510 - $15k
Profit Sharing
$515 - $10k
Commission
$980 - $100k
Total Pay
$32k - $80k
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What Do Loan Officers Do?

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How do Loan Officers Rate Their Jobs?

3.8 out of 5
(250)
Highly Satisfied
35Reviews
Based on 250 responses, the job of Loan Officer has received a job satisfaction rating of 3.77 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 $75k / year

What is the lowest pay for Loan Officers?

Our data indicates that the lowest pay for a Loan Officer is $34k / 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.