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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
$65,000
VA
$74,000

Recent Job Postings

Mortgage Loan Officer
MOVEMENT MORTGAGE | US-Nationwide 5 days ago

Loan Officer
Weichert, Realtors® | Fairfax, VA 6 days ago

Loan Officer
AppleOne | Richmond, VA today

Mortgage Loan Officer
Peoples Home Equity, Inc | Virginia Beach, VA 1 day 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
$65,000
VA
$74,000

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Recent Job Postings

Mortgage Loan Officer
MOVEMENT MORTGAGE | US-Nationwide 5 days ago

Loan Officer
Weichert, Realtors® | Fairfax, VA 6 days ago

Loan Officer
AppleOne | Richmond, VA today

Mortgage Loan Officer
Peoples Home Equity, Inc | Virginia Beach, VA 1 day ago

View All Jobs

Top Pay by Location

These cities have the highest paying median for Loan Officer
San Diego, CA
$91,000
New York, NY
$90,500
Los Angeles, CA
$85,000
Charlotte, NC
$75,500
Chicago, IL
$74,000
Phoenix, AZ
$72,500
Houston, TX
$72,000
Dallas, TX
$71,000
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

A Loan Officer is typically paid an average salary of around $65,000 annually. 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.