Construction Loan Officer Salary in District of Columbia

How much does a Construction Loan Officer make in District of Columbia? The average Construction Loan Officer salary in District of Columbia is $101,972 as of January 20, 2020, but the range typically falls between $84,890 and $124,654. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

25% $84,890 10% $69,338 90% $145,305 75% $124,654 $101,972 50%(Median)
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Job Description

Construction Loan Officer develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Being a Construction Loan Officer recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy. Approves loan within established limits or refers to loan to loan committee for approval. Additionally, Construction Loan Officer may be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2020 Salary.com)

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Location Avg. Salary Date Updated
Location Naval Anacost Annex, DC Avg. Salary $101,458 Date Updated January 20, 2020
Location Parcel Return Service, DC Avg. Salary $101,458 Date Updated January 20, 2020
Location Washington, DC Avg. Salary $101,458 Date Updated January 20, 2020
Location Washington Navy Yard, DC Avg. Salary $101,458 Date Updated January 20, 2020
Job Openings for Construction Loan Officer in District of Columbia
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