How to Become a Loan Officers in Pennsylvania
Loan Officers in Pennsylvania earn a median salary of $69,300/year, which is 10% below the national average. Pennsylvania has a state income tax of ~3.1%. After taxes and rent, a loan officers takes home approximately $3,001/month. Most positions require Bachelor's degree.
What a loan officers can afford in Pennsylvania
Becoming a loan officers in Pennsylvania
Meet education requirements
Loan Officers positions in Pennsylvania typically require Bachelor's degree. Programs are available at colleges and training institutions across Pennsylvania. Research accredited programs in your area.
Gain required experience
Many loan officers positions in Pennsylvania require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Pennsylvania licensure or certification
Pennsylvania may require specific licensing or professional certification for loan officerss. Requirements vary by state, contact the Pennsylvania Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Pennsylvania
Pennsylvania employs 8,140 loan officers. The highest concentrations are in Philadelphia-Camden-Wilmington and Lancaster.
Loan Officers salary by metro area in Pennsylvania
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Philadelphia-Camden-Wilmington | $78K | $37.3/hr | 4,660 |
| Lancaster | $74K | $35.8/hr | 280 |
| Scranton--Wilkes-Barre | $74K | $35.78/hr | 300 |
| Lebanon | $74K | $35.76/hr | 50 |
| Pittsburgh | $73K | $35.27/hr | 1,440 |
| Johnstown | $69K | $33.09/hr | 70 |
| Harrisburg-Carlisle | $67K | $31.97/hr | 450 |
| Allentown-Bethlehem-Easton | $66K | $31.96/hr | 290 |
| Chambersburg | $63K | $30.18/hr | 80 |
| Reading | $63K | $30.11/hr | 180 |
| Altoona | $62K | $29.88/hr | 90 |
| York-Hanover | $62K | $29.82/hr | 130 |
| Williamsport | $61K | $29.14/hr | 70 |
| State College | $60K | $28.63/hr | 50 |
| Erie | $55K | $26.22/hr | 130 |
Loan Officers salary range in Pennsylvania
Loan Officers careers in other states
Frequently asked questions
How much does a loan officers make in Pennsylvania?▼
The median loan officers salary in Pennsylvania is $69,300 per year ($33.32/hr). This is 10% below the national median of $76,690. Salaries range from $39,990 to $132,900.
What are the requirements to become a loan officers in Pennsylvania?▼
Loan Officers positions in Pennsylvania typically require Bachelor's degree. Pennsylvania may have specific licensing or certification requirements. Check with the Pennsylvania licensing board or department of labor for current requirements.
Can a loan officers afford to live in Pennsylvania?▼
At the median salary of $69,300, a loan officers in Pennsylvania would take home approximately $4,584/month after taxes. With median 2-bedroom rent at $1,583/month, that's 34.5% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for loan officers in Pennsylvania?▼
The highest paying metro areas for loan officers in Pennsylvania are Philadelphia-Camden-Wilmington ($77,590), Lancaster ($74,450), Scranton--Wilkes-Barre ($74,430). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Pennsylvania have state income tax for loan officers?▼
Yes, Pennsylvania has a state income tax rate of approximately 3.1%. On a $69,300 salary, this means roughly $2,128/year in state income tax. Use our take-home pay calculator for a detailed breakdown.