How to Become a Loan Officers in Missouri
Loan Officers in Missouri earn a median salary of $73,660/year, which is 4% below the national average. Missouri has a state income tax of ~3.7%. After taxes and rent, a loan officers takes home approximately $3,269/month. Most positions require Bachelor's degree.
What a loan officers can afford in Missouri
Becoming a loan officers in Missouri
Meet education requirements
Loan Officers positions in Missouri typically require Bachelor's degree. Programs are available at colleges and training institutions across Missouri. Research accredited programs in your area.
Gain required experience
Many loan officers positions in Missouri require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Missouri licensure or certification
Missouri may require specific licensing or professional certification for loan officerss. Requirements vary by state, contact the Missouri Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Missouri
Missouri employs 7,050 loan officers. The highest concentrations are in Kansas City and Columbia.
Loan Officers salary by metro area in Missouri
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Kansas City | $82K | $39.58/hr | 2,180 |
| Columbia | $82K | $39.35/hr | 450 |
| Cape Girardeau | $76K | $36.73/hr | 70 |
| Springfield | $76K | $36.56/hr | 480 |
| St. Louis | $75K | $35.82/hr | 2,690 |
| Joplin | $70K | $33.74/hr | 140 |
| Jefferson City | $64K | $30.98/hr | 270 |
| St. Joseph | $63K | $30.33/hr | 80 |
Loan Officers salary range in Missouri
Loan Officers careers in other states
Frequently asked questions
How much does a loan officers make in Missouri?▼
The median loan officers salary in Missouri is $73,660 per year ($35.41/hr). This is 4% below the national median of $76,690. Salaries range from $38,910 to $136,130.
What are the requirements to become a loan officers in Missouri?▼
Loan Officers positions in Missouri typically require Bachelor's degree. Missouri may have specific licensing or certification requirements. Check with the Missouri licensing board or department of labor for current requirements.
Can a loan officers afford to live in Missouri?▼
At the median salary of $73,660, a loan officers in Missouri would take home approximately $4,790/month after taxes. With median 2-bedroom rent at $1,521/month, that's 31.8% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for loan officers in Missouri?▼
The highest paying metro areas for loan officers in Missouri are Kansas City ($82,330), Columbia ($81,850), Cape Girardeau ($76,400). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Missouri have state income tax for loan officers?▼
Yes, Missouri has a state income tax rate of approximately 3.7%. On a $73,660 salary, this means roughly $2,723/year in state income tax. Use our take-home pay calculator for a detailed breakdown.