Loan Officers: Salary, Education, and Career Path (2026)
The U.S. has 290,530 loan officers, and they earn a median of $74,180/year. The range runs from $38K to $146K. District of Columbia pays the most.
What it takes
The BLS lists the typical education for this role as varies by employer.
Entry-level loan officers start around $38K. The gap between that and the median ($74K) is where experience, certifications, and location make the difference.
Top earners clear $146K, but that's the 90th percentile. Getting there usually takes a decade or more of experience, the right credentials, and being in a high-paying market.
Salary progression
Highest paying states
| State | Median salary | Employment |
|---|---|---|
| District of Columbia | $102K | 420 |
| New York | $99K | 11,850 |
| New Jersey | $95K | 5,690 |
| Massachusetts | $93K | 4,310 |
| Vermont | $86K | 440 |
| Minnesota | $84K | 6,950 |
| North Dakota | $83K | 1,370 |
| Kansas | $83K | 3,950 |
| Delaware | $81K | 1,480 |
| Iowa | $80K | 3,350 |
Frequently asked questions
How much does a loan officers make?▼
The median loan officers salary in the United States is $74,180 per year ($36/hour). Entry-level positions start around $38,490, while experienced professionals earn up to $145,780.
What education do you need to become a loan officers?▼
The BLS lists the typical entry-level education as varies by employer. State licensing or certification requirements vary, so check your state's board for specifics.
What is the job outlook for loan officers?▼
Check the Bureau of Labor Statistics Occupational Outlook Handbook for the latest employment projections for loan officers.
What are the highest paying states for loan officers?▼
The highest paying states for loan officers are District of Columbia ($102,200), New York ($98,940), New Jersey ($95,090), Massachusetts ($93,430), Vermont ($86,490). Salaries vary significantly by location due to cost of living and local demand.