How to Become a Loan Officers in Arkansas
Loan Officers in Arkansas earn a median salary of $70,050/year, which is 6% below the national average. Arkansas has a state income tax of ~3.7%. After taxes and rent, a loan officers takes home approximately $3,180/month. Most positions require Bachelor's degree.
What a loan officers can afford in Arkansas
Becoming a loan officers in Arkansas
Meet education requirements
Loan Officers positions in Arkansas typically require Bachelor's degree. Programs are available at colleges and training institutions across Arkansas. Research accredited programs in your area.
Gain required experience
Many loan officers positions in Arkansas require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Arkansas licensure or certification
Arkansas may require specific licensing or professional certification for loan officerss. Requirements vary by state — contact the Arkansas Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Arkansas
Arkansas employs 2,810 loan officers. The highest concentrations are in Hot Springs and Fayetteville-Springdale-Rogers.
Loan Officers salary by metro area in Arkansas
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Hot Springs | $78K | $37.72/hr | 90 |
| Fayetteville-Springdale-Rogers | $78K | $37.42/hr | 550 |
| Fort Smith | $77K | $36.78/hr | 200 |
| Jonesboro | $75K | $35.93/hr | 100 |
| Little Rock-North Little Rock-Conway | $61K | $29.51/hr | 730 |
Loan Officers salary range in Arkansas
Loan Officers careers in other states
Frequently asked questions
How much does a loan officers make in Arkansas?▼
The median loan officers salary in Arkansas is $70,050 per year ($33.68/hr). This is 6% below the national median of $74,180. Salaries range from $38,290 to $132,760.
What are the requirements to become a loan officers in Arkansas?▼
Loan Officers positions in Arkansas typically require Bachelor's degree. Arkansas may have specific licensing or certification requirements. Check with the Arkansas licensing board or department of labor for current requirements.
Can a loan officers afford to live in Arkansas?▼
At the median salary of $70,050, a loan officers in Arkansas would take home approximately $4,592/month after taxes. With median 2-bedroom rent at $1,412/month, that's 30.7% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for loan officers in Arkansas?▼
The highest paying metro areas for loan officers in Arkansas are Hot Springs ($78,460), Fayetteville-Springdale-Rogers ($77,840), Fort Smith ($76,500). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Arkansas have state income tax for loan officers?▼
Yes, Arkansas has a state income tax rate of approximately 3.7%. On a $70,050 salary, this means roughly $2,564/year in state income tax. Use our take-home pay calculator for a detailed breakdown.