Skip navigation

Average Salaries for

This estimated salary is an approximation based on compensation data points gathered from similar job postings or existing salaries for the same or similar job title within the same market. Average salary insights are based on aggregate data and are not specific to any individual job posting.

Loan Officer

National Average
$50,000
VA Average
$53,000

Recent Jobs Posted

Loan Officer
Sun West Mortgage Company, Inc | Richmond, VA 3 weeks ago

Loan Officer
Aerotek | Richmond City, VA 4 days ago

Mortgage Loan Officer
Metasys Technologies, Inc. | Falls Church, VA 3 weeks ago

Loan Officer
Weichert, Realtors® | Fair Oaks, VA 4 weeks ago

View All Jobs

Loan Officer

Loan officers try to help individuals and businesses obtain loans.

On an ordinary day, a loan officer might spend time:

  • Meeting individual and business loan applicants and collecting their personal and financial details
  • Explaining and answering questions about available loans and their terms
  • Assessing applicants' loan suitability by evaluating financial circumstances and credit scores.

Average Salaries for

This estimated salary is an approximation based on compensation data points gathered from similar job postings or existing salaries for the same or similar job title within the same market. Average salary insights are based on aggregate data and are not specific to any individual job posting.

Loan Officer

National Average
$50,000
VA Average
$53,000

Maximum Email Alerts

You've reached the maximum number of five email alerts. To create a new alert, delete one from the list and the new one will replace it.

* Please select at least one search to continue
* Well, this is embarrassing. We are having trouble deleting your search. You can try again in a bit or come back later.
Deleting 0 of 0
Success!

Recent Jobs Posted

Loan Officer
Sun West Mortgage Company, Inc | Richmond, VA 3 weeks ago

Loan Officer
Aerotek | Richmond City, VA 4 days ago

Mortgage Loan Officer
Metasys Technologies, Inc. | Falls Church, VA 3 weeks ago

Loan Officer
Weichert, Realtors® | Fair Oaks, VA 4 weeks ago

View All Jobs

Top Pay by Location

These cities have the highest paying median for Loan Officer
New York, NY
$71,000
Los Angeles, CA
$60,000
San Diego, CA
$55,000
Chicago, IL
$55,000
Dallas, TX
$54,000
Atlanta, GA
$54,000
Charlotte, NC
$51,000
Phoenix, AZ
$51,000
Salary information is calculated from job seeker profiles and job postings. Both hourly and yearly wages could be reported.

On an ordinary day, a loan officer might spend time:

  • Meeting individual and business loan applicants and collecting their personal and financial details
  • Explaining and answering questions about available loans and their terms
  • Assessing applicants' loan suitability by evaluating financial circumstances and credit scores.

Insider Tips

Loan officers usually make an annual salary of $50,000. Loan officers working for car dealerships make much more than this annual salary and loan officers working for other organizations. While entry-level salaries sit below the national average, they increase the more experience a loan officer gets. Phoenix, Los Angeles, and San Antonio have some of the best paying loan officer positions. Loan officers in these cities typically make much more than their counterparts in Nashville and Denver.