Loan Officer salary in the United States

Average salary
$59,500/yr
Based on 8,909 income tax records
$24,000
$296,000
Age:
Average salary by age
18-25
26-35
36-45
46-55
56+
 
$42K
 
$55K
 
$67K
 
$72K
 
$70K
$24,000
$296,000
How much do Loan Officers make?
The average total salary for a Loan Officer is $59,500 per year. This is based on data from 8,909 TurboTax users who reported their occupation as Loan Officer and includes taxable wages, tips, bonuses, and more. Loan Officer salary can vary between $24,000 to $296,000 depending on factors including education, skills, experience, employer & location. Read more
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DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

Loan Officer salary by location

Loan Officer salary by company

Employer
Average salary per year*
Salary range**
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Mortgage Research Center, Boone County, MO
87 income tax records
$167,000/yr
$66K – $455K
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Mr. Cooper, Denton County, TX
10 income tax records
$138,500/yr
$62K – $306K
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JPMorgan Chase, Maricopa County, AZ
10 income tax records
$128,000/yr
$89K – $170K
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LoanDepot.com, Maricopa County, AZ
15 income tax records
$117,500/yr
$29K – $291K
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Fairway Independent Mortgage, Maricopa County, AZ
16 income tax records
$115,500/yr
$22K – $377K
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National Finance Center, Tarrant County, TX
13 income tax records
$110,500/yr
$65K – $151K
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Homeside Financial, Franklin County, OH
19 income tax records
$90,000/yr
$24K – $199K
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Jfq Lending, Maricopa County, AZ
11 income tax records
$79,500/yr
$46K – $136K
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Broker Solutions, Orange County, CA
12 income tax records
$77,500/yr
$30K – $151K
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Navy Federal Credit Union, Escambia County, FL
19 income tax records
$62,500/yr
$43K – $91K
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United Services Automobile Association, Bexar County, TX
21 income tax records
$60,000/yr
$48K – $74K
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Bank Of America, Clark County, NV
10 income tax records
$58,000/yr
$49K – $70K
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State Employees' Credit Union, Wake County, NC
10 income tax records
$53,000/yr
$45K – $61K
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Whatcom Educational, Whatcom County, WA
14 income tax records
$44,000/yr
$20K – $82K
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Spokane Teachers Credit, Spokane County, WA
14 income tax records
$44,000/yr
$36K – $177K
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Michigan State University, Ingham County, MI
20 income tax records
$42,000/yr
$34K – $45K
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Mountain America Federal Credit, Salt Lake County, UT
30 income tax records
$42,000/yr
$25K – $59K
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America First Credit Union, Salt Lake County, UT
17 income tax records
$35,000/yr
$27K – $61K
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Idaho Central Credit Union, Bannock County, ID
11 income tax records
$34,500/yr
$26K – $49K
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Gecu, El Paso County, TX
14 income tax records
$33,500/yr
$25K – $42K
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Utah Community Federal Credit Un, Utah County, UT
16 income tax records
$29,500/yr
$16K – $44K

Loan Officer demographics in United States

single icon
51% are single
married icon
49% are married
have kids icon
45% have kids
own a home icon
60% own a home

Effective Tax Rates for Loan Officers in United States

8,909 full-time salaries from 2019
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FAQS
The average salary for a loan officer in the United States is $59,500 per year. Loan officer salaries in the United States can vary between $24,000 to $296,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

This data is exclusive to Mint Salary and is based on 8,909 tax returns from TurboTax customers who reported their occupation as loan officer.

The following companies offer the highest salaries for loan officers in the United States: Mortgage Research Center ($167,000 a year), Mr. Cooper ($138,500 a year), and JPMorgan Chase ($128,000 a year).

The following cities offer the highest salaries for loan officers in the United States: Columbia Metro Area, MO ($145,500 a year), Boston Metro Area, MA ($108,000 a year), and Riverside Metro Area, CA ($104,000 a year).
*
Total salary amounts here include total taxable wages, tips, prizes and other compensation. Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more
**
Total salary ranges shown here exclude outliers.