Loan Officer Salary in 2026
How Much Do Loan Officers Make?
Loan Officers earn a median annual salary of $74,180 as of 2026, based on BLS Occupational Employment and Wage Statistics (OEWS) data. Wages span from $38,490 at the 10th percentile to $145,780 at the 90th percentile — a range of $107,290. The highest-paying state is District of Columbia at $102,200.
| Percentile | Annual salary |
|---|---|
| 10th percentile | $38,490 |
| 25th percentile | $50,460 |
| Median (50th) | $74,180 |
| 75th percentile | $101,920 |
| 90th percentile | $145,780 |
Loan Officer Salary by State
Median annual salary across all 50 states. Click a column to sort.
| State | Median salary |
|---|---|
| District of Columbiatop | $102,200 |
| New York | $98,940 |
| New Jersey | $95,090 |
| Massachusetts | $93,430 |
| Vermont | $86,490 |
| Minnesota | $84,480 |
| North Dakota | $82,990 |
| Kansas | $82,540 |
| Delaware | $80,760 |
| Iowa | $80,070 |
| Colorado | $79,800 |
| Virginia | $79,600 |
| California | $79,580 |
| Wisconsin | $79,230 |
| New Hampshire | $78,670 |
| South Dakota | $78,590 |
| Maine | $78,040 |
| Connecticut | $77,580 |
| Rhode Island | $77,460 |
| Washington | $77,040 |
| Wyoming | $76,460 |
| Illinois | $75,960 |
| North Carolina | $75,820 |
| Nebraska | $75,730 |
| Oregon | $74,720 |
| Maryland | $73,340 |
| Missouri | $72,730 |
| New Mexico | $72,690 |
| Michigan | $72,680 |
| Georgia | $72,250 |
| Indiana | $71,400 |
| Florida | $71,340 |
| Hawaii | $70,280 |
| Arkansas | $70,050 |
| Ohio | $69,220 |
| Kentucky | $68,600 |
| Montana | $65,960 |
| Oklahoma | $65,720 |
| Alaska | $65,160 |
| Idaho | $64,380 |
| Texas | $63,770 |
| Tennessee | $63,160 |
| South Carolina | $61,690 |
| Pennsylvania | $61,470 |
| Utah | $60,870 |
| Alabama | $60,750 |
| Mississippi | $59,950 |
| Nevada | $58,400 |
| Louisiana | $57,320 |
| Arizona | $53,760 |
| West Virginia | $49,550 |
Highest-Paying Metros for Loan Officers
Loan Officer Salary by Experience
Estimated salary ranges derived from BLS wage percentiles. Entry level corresponds to P10–P25, mid-career to the median, experienced to P75, and senior to P90+.
| Experience level | Estimated salary |
|---|---|
| Entry level (0–2 yrs) | ~$38,490 – $50,460 |
| Mid career (3–7 yrs) | ~$74,180 |
| Experienced (8–15 yrs) | ~$101,920 |
| Senior (15+ yrs) | $145,780+ |
How to Earn More as a Loan Officer
Location is the single biggest salary lever: Loan Officers in New York-Newark-Jersey City, NY-NJ earn $102,540 — $28,360 above the national median. An advanced credential — such as a graduate degree or specialized certification — is consistently associated with higher earnings in this field. Reaching the 75th percentile ($101,920) typically requires 5–10 years of experience plus specialization in a high-demand area.
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Loan Officer Salary vs Similar Careers
| Career | Median salary |
|---|---|
| Loan Officerthis career | $74,180 |
| Financial Manager | $161,700 |
| Accountants and Auditor | $81,680 |
| Credit Analyst | $80,970 |
| Personal Financial Advisor | $102,140 |
Find out where you stand — free in 2 minutes
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SOC: 13-2072.00 · Data: BLS OEWS 2026, O*NET 29.1 · Salary figures are national medians unless otherwise noted.