How to Become a Loan Officers in Ohio
Loan Officers in Ohio earn a median salary of $69,220/year, which is 7% below the national average. Ohio has a state income tax of ~1.7%. After taxes and rent, a loan officers takes home approximately $3,244/month. Most positions require Bachelor's degree.
What a loan officers can afford in Ohio
Becoming a loan officers in Ohio
Meet education requirements
Loan Officers positions in Ohio typically require Bachelor's degree. Programs are available at colleges and training institutions across Ohio. Research accredited programs in your area.
Gain required experience
Many loan officers positions in Ohio require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Ohio licensure or certification
Ohio may require specific licensing or professional certification for loan officerss. Requirements vary by state — contact the Ohio Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Ohio
Ohio employs 10,340 loan officers. The highest concentrations are in Columbus and Cleveland.
Loan Officers salary by metro area in Ohio
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Columbus | $78K | $37.67/hr | 2,240 |
| Cleveland | $77K | $36.89/hr | 1,980 |
| Springfield | $73K | $35/hr | 40 |
| Cincinnati | $66K | $31.6/hr | 2,190 |
| Dayton-Kettering-Beavercreek | $64K | $30.96/hr | 560 |
| Akron | $62K | $29.68/hr | 380 |
| Sandusky | $61K | $29.37/hr | 70 |
| Toledo | $61K | $29.32/hr | 350 |
| Lima | $60K | $28.78/hr | 70 |
| Youngstown-Warren | $59K | $28.3/hr | 170 |
| Canton-Massillon | $59K | $28.29/hr | 250 |
| Mansfield | $58K | $27.75/hr | 70 |
Loan Officers salary range in Ohio
Loan Officers careers in other states
Frequently asked questions
How much does a loan officers make in Ohio?▼
The median loan officers salary in Ohio is $69,220 per year ($33.28/hr). This is 7% below the national median of $74,180. Salaries range from $37,830 to $133,260.
What are the requirements to become a loan officers in Ohio?▼
Loan Officers positions in Ohio typically require Bachelor's degree. Ohio may have specific licensing or certification requirements. Check with the Ohio licensing board or department of labor for current requirements.
Can a loan officers afford to live in Ohio?▼
At the median salary of $69,220, a loan officers in Ohio would take home approximately $4,656/month after taxes. With median 2-bedroom rent at $1,412/month, that's 30.3% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for loan officers in Ohio?▼
The highest paying metro areas for loan officers in Ohio are Columbus ($78,350), Cleveland ($76,740), Springfield ($72,800). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Ohio have state income tax for loan officers?▼
Yes, Ohio has a state income tax rate of approximately 1.7%. On a $69,220 salary, this means roughly $1,209/year in state income tax. Use our take-home pay calculator for a detailed breakdown.