Updated Dec 13, 2021

How much does a Loan Officer make?

Updated Dec 13, 2021

Experience

$151,476 / yrTotal Pay
$105,031 / yrBase Pay
$46,445 / yrAdditional Pay

$151,476

 / yr
$65K$573K
Most Likely Range
Possible Range

The estimated total pay for a Loan Officer is $151,476 per year in the United States area, with an average salary of $105,031 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $46,445 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

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What is the total pay trajectory for Loan Officer?
$151,476 /yr
Loan Officer
$210,681 /yr
Senior Loan Officer
$114,973 /yr
Lead Loan Officer
See Full Career Path

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What are some related job titles for Loan Officer?

Some related job titles are Commercial Loan Officer Salaries with median pay of $171,429, Financial Advisor Salaries with median pay of $103,339, MOrtgage Loan Originator Salaries with median pay of $200,176, Sales Salaries with median pay of $84,688.

What are total pay estimates for a Loan Officer at different companies?

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Average Base Salary in (USD)

Range

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Obsidian Financial Services
2.7

Obsidian Financial Services

Loan Officer

$166,589

 /yr
Range: $72K - $347K

$72K

$347K

$72,280 - $347,060 Range

Bank of America
4.0

Bank of America

Loan Officer

$45,118

 /yr
Range: $26K - $86K

$26K

$86K

$26,164 - $85,829 Range

loanDepot
3.5

loanDepot

Loan Officer

$32,977

 /yr
Range: $19K - $240K

$19K

$240K

$18,658 - $240,275 Range

Freedom Mortgage
3.6

Freedom Mortgage

Loan Officer

$42,691

 /yr
Range: $26K - $120K

$26K

$120K

$26,344 - $119,663 Range

New American Funding
4.0

$44,670

 /yr
Range: $17K - $212K

$17K

$212K

$16,924 - $212,220 Range

Wells Fargo
3.6

Wells Fargo

Loan Officer

$52,281

 /yr
Range: $29K - $234K

$29K

$234K

$29,422 - $233,763 Range

US Small Business Administration
3.6

$56,108

 /yr
Range: $37K - $95K

$37K

$95K

$37,038 - $95,000 Range

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PNC Financial Services Group
3.6

$27K

$89K

$26,715 - $88,847 Range

Pennymac
3.4

Pennymac

Loan Officer

$32,654

 /yr
Range: $25K - $150K

$25K

$150K

$24,843 - $150,000 Range

NEXA Mortgage
4.1

NEXA Mortgage

Loan Officer

$345,672

 /yr
Range: $34K - $354K

$34K

$354K

$33,533 - $353,538 Range

AmeriSave Mortgage
2.6

AmeriSave Mortgage

Loan Officer

$38,803

 /yr
Range: $20K - $208K

$20K

$208K

$20,000 - $207,595 Range

Fairway Independent Mortgage
4.1

$58,306

 /yr
Range: $20K - $180K

$20K

$180K

$20,296 - $180,471 Range

OneMain Financial
3.4

OneMain Financial

Loan Officer

$40,274

 /yr
Range: $32K - $55K

$32K

$55K

$32,207 - $54,862 Range

Rocket Companies
3.5

Rocket Companies

Loan Officer

$36,833

 /yr
Range: $23K - $173K

$23K

$173K

$23,323 - $173,041 Range

Cardinal Financial Company
3.6

$38,477

 /yr
Range: $26K - $235K

$26K

$235K

$25,752 - $235,323 Range

Veterans United Home Loans
4.6

$65,951

 /yr
Range: $26K - $144K

$26K

$144K

$25,673 - $144,149 Range

Mountain America Credit Union
4.2

$30K

$80K

$29,945 - $80,087 Range

Paramount Residential Mortgage Group
4.3

$28K

$139K

$28,100 - $138,824 Range

American Advisors Group
4.0

American Advisors Group

Loan Officer - Hourly

$13

 /hr
Range: $9 - $55

$9

$55

$9 - $55 Range

Citizens
3.7

Citizens

Loan Officer

$52,214

 /yr
Range: $29K - $66K

$29K

$66K

$28,830 - $65,855 Range

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Viewing 1 - 10 of 44,654

Recent User Submitted Salaries for Loan Officer in United States of America

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$45,000

/yrAvg Base Salary

8 days ago by a Loan Officer with 1 to 3 years of experience

$50,000

/yrAvg Base Salary
Cash Bonus$144,000/yr

8 days ago by a Loan Officer with 1 to 3 years of experience

$15,080

/yrAvg Base Salary

8 days ago by a Loan Officer with 1 to 3 years of experience

$24,000

/yrAvg Base Salary

8 days ago by a Mortgage Loan Officer with 1 to 3 years of experience

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$10,000

/moAvg Base Salary

8 days ago by a Mortgage Loan Officer with 4 to 6 years of experience

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Frequently asked questions about a Loan Officer salaries

The national average salary for a Loan Officer is $56,987 per year in United States. Filter by location to see a Loan Officer salaries in your area. Salaries estimates are based on 3938 salaries submitted anonymously to Glassdoor by a Loan Officer employees.

The highest salary for a Loan Officer in United States is $131,965 per year.

The lowest salary for a Loan Officer in United States is $24,609 per year.

If you are thinking of becoming a Loan Officer or planning the next step in your career, find details about the role, the career path and salary trajectory of a Loan Officer.