Loan Officers salary
Loan Officers earn a median of $76,690 a year ($36.87/hr) in the U.S. – from $35,730 in Puerto Rico to $101,600 in Massachusetts. Enter your pay below to see how you compare.
Median pay, United States$36.87/hr · $76,690 a year
Pay range
90% earn more$39,430$18.96/hr
75% earn more$52,730$25.35/hr
half earn more, half less$76,690$36.87/hr
25% earn more$104,080$50.04/hr
top 10% earn more$153,180$73.65/hr
pulled up by top earners$87,790$42.21/hr
How does my pay compare?
Enter your pay to see where you stand among loan officers. Nothing you type leaves your device.
Pay by state
States ranked by median annual wage for loan officers. Tap a state for its minimum wage.
4,470 jobs · $48.85/hr$101,600
2,220 jobs · $46.03/hr$95,730
10,840 jobs · $46.01/hr$95,710
6,430 jobs · $45.76/hr$95,170
3,230 jobs · $45.44/hr$94,520
4,220 jobs · $45.40/hr$94,440
6,200 jobs · $44.67/hr$92,920
370 jobs · $44.66/hr$92,890
350 jobs · $42.65/hr$88,710
3,540 jobs · $41.81/hr$86,970
1,370 jobs · $40.70/hr$84,650
2,840 jobs · $40.23/hr$83,670
1,420 jobs · $39.97/hr$83,130
1,060 jobs · $39.38/hr$81,900
25,790 jobs · $39.31/hr$81,770
1,120 jobs · $38.78/hr$80,660
6,040 jobs · $38.52/hr$80,120
1,820 jobs · $38.42/hr$79,920
2,710 jobs · $38.39/hr$79,840
740 jobs · $38.28/hr$79,620
10,890 jobs · $38.05/hr$79,150
8,790 jobs · $37.66/hr$78,320
4,940 jobs · $37.64/hr$78,290
1,290 jobs · $37.14/hr$77,250
9,880 jobs · $36.71/hr$76,370
10,700 jobs · $36.50/hr$75,920
11,340 jobs · $35.80/hr$74,470
7,050 jobs · $35.41/hr$73,660
3,850 jobs · $35.37/hr$73,580
4,100 jobs · $35.09/hr$72,990
4,790 jobs · $35.08/hr$72,960
490 jobs · $35.00/hr$72,800
1,180 jobs · $34.41/hr$71,570
18,830 jobs · $34.18/hr$71,090
2,030 jobs · $34.17/hr$71,070
2,610 jobs · $33.78/hr$70,260
8,140 jobs · $33.32/hr$69,300
9,540 jobs · $32.93/hr$68,490
5,050 jobs · $32.07/hr$66,710
21,200 jobs · $31.91/hr$66,370
2,580 jobs · $31.01/hr$64,500
980 jobs · $30.65/hr$63,740
4,140 jobs · $30.39/hr$63,220
6,510 jobs · $30.19/hr$62,800
1,140 jobs · $30.10/hr$62,610
10,020 jobs · $29.88/hr$62,160
3,940 jobs · $29.85/hr$62,090
2,810 jobs · $29.38/hr$61,110
3,450 jobs · $28.97/hr$60,260
3,990 jobs · $28.58/hr$59,440
1,290 jobs · $27.68/hr$57,580
2,360 jobs · $17.18/hr$35,730
Related jobs
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (May 2025), SOC code 13-2072. Wages exclude the self-employed. All jobs · Minimum wage by state
Questions & answers
How much do loan officers make?
The median wage for loan officers in the U.S. was $36.87 an hour or $76,690 a year in May 2025, according to the Bureau of Labor Statistics. The middle half earned between $52,730 and $104,080 a year.
Which state pays loan officers the most?
Massachusetts has the highest median wage for loan officers: $101,600 a year. The lowest published median is in Puerto Rico at $35,730. Living costs also differ a lot between states.
How many loan officers are there?
BLS estimates 274,330 loan officers were employed in the U.S. in May 2025, not counting the self-employed.
What is the difference between median and average pay?
The median is the middle wage: half of workers earn more and half earn less. The average (mean) adds everyone up and divides, so a few very high earners pull it up. The median is usually the better guide to typical pay.
What does the 10th or 90th percentile mean?
The 10th percentile is the wage that only 10% of workers earn less than – often entry-level pay. The 90th percentile is the wage that only 10% earn more than – usually the most experienced or highest-paid workers.