Loan Officer Salary in Apple River, IL

How much does a Loan Officer make in Apple River, IL?

As of August 01, 2026, the average salary for a Loan Officer in Apple River, IL is $61,765 per year, which breaks down to an hourly rate of $30.

However, a Loan Officer's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $69,709
  • Majority Range (25th-75th percentile): $56,951 to $65,923
  • Entry-Level (10th percentile): $52,568
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View as table View as graph 25% $56,951 10% $52,568 90% $69,709 75% $65,923 $61,765 50%(Median) Didn’t find job title? Click

Loan Officer Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $65,923 $5,494 $1,268 $32
Average $61,765 $5,147 $1,188 $30
25th Percentile $56,951 $4,746 $1,095 $27
Check out Loan Officer Job Openings in Apple River, IL
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Vista Trans Holding - Apple River, IL

Janitor/Custodian

Apple Canyon Lake POA - Apple River, IL

Air-Cooled Generator Technician

Genesis Power, LLC - Apple River, IL

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Key Factors That Influence Loan Officer Salaries

A Loan Officer's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.

How Experience Level Affects Loan Officer Salaries?

Experience is a primary driver of a Loan Officer's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $48,941
  • Early Career (1-2 years): $61,459
  • Mid-Level (2-4 years): $89,618
  • Senior-Level (5-8 years): $92,070
  • Expert (over 8 years): $112,776
Levels Salary
Mortgage ... Level Loan Officer$48,941
Loan Offi... Level Loan Officer$61,459
Mortgage ... Level Loan Officer$89,618
Mortgage ... Level Loan Officer$92,070
Mortgage ... Level Loan Officer$112,776
$48,941 0 yr
$61,459 < 2 yrs
$89,618 2-4 yrs
$92,070 5-8 yrs
$112,776 > 8 yrs
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What Am I Worth?

Top Paying Cities for Loan Officers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $82,375
  • San Francisco: $81,473
  • Oakland: $79,756

What Skills Can Increase a Loan Officer's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 3.96% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • CRM (Mentioned in 5.85% Job Postings): Customer relationship management (CRM) is a technology for managing all your company's relationships and interactions with customers and potential customers.
  • Mortgage Lending (Mentioned in 0.88% Job Postings): A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.
See More Skills
Skills Demand Percentage
Customer Service 3.96%
CRM 5.85%
Mortgage Lending 0.88%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Officer's salary.
  • Brand Awareness: Can increase your salary by up to 11%.
  • Services Marketing: Can increase your salary by up to 11%.
  • Customer Engagement: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Brand Awareness
$68,559
11%
Services Marketing
$68,559
11%
Customer Engagement
$67,941
10%
Financial Services
$64,853
5%
Effective Communication
$64,853
5%
Presentation
$64,853
5%
Get Latest Data

Loan Officer Salary by Industry: Top Paying Sectors

For Loan Officer roles, the industry you choose can affect earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 10% above the average. In contrast, Loan Officer positions in Business Services or Insurance typically offer lower base pay, as these industries often view Loan Officer as a support function rather than a direct revenue driver.

The top paying industries for a Loan Officer

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$67,941$33.010%
Edu., Gov't. & Nonprofit$64,853$31.05%

Loan Officer Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Officer's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026

Find Your Next Loan Officer Job

Ready to take the next step in your career? Browse thousands of current Loan Officer job openings on our job board. Use the search bar below to find your perfect match.

United States
  • Genesis Power, LLC

    Apple River, IL

    Genesis Power, LLC | Apple River, IL

    Job Description. Job Description. Position Summary. We are seeking a skilled and dependable Generator Technician to join our team. The Generator Technician... more

    4 Days Ago

  • Apple Canyon Lake POA

    Apple River, IL

    Apple Canyon Lake POA | Apple River, IL

    Job Description. Job Description. Description. Apple Canyon Lake Property Owners Association. _____________________________________________________________... more

    5 Days Ago

  • Apple Canyon Lake POA

    Apple River, IL

    Apple Canyon Lake POA | Apple River, IL

    Job Description. Job Description. Description. Apple Canyon Lake Property Owners Association. _____________________________________________________________... more

    5 Days Ago

  • Apple Canyon Lake POA

    Apple River, IL

    Apple Canyon Lake POA | Apple River, IL

    Job Description. Job Description. Description. Apple Canyon Lake Property Owners Association. _____________________________________________________________... more

    5 Days Ago

  • Apple Canyon Lake POA

    Apple River, IL

    Apple Canyon Lake POA | Apple River, IL

    Job Description. Job Description. Description. Apple Canyon Lake Property Owners Association. _____________________________________________________________... more

    5 Days Ago

  • Apple Canyon Lake POA

    Apple River, IL

    Apple Canyon Lake POA | Apple River, IL

    Job Description. Job Description. Description. Apple Canyon Lake Property Owners Association. _____________________________________________________________... more

    5 Days Ago

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Cost of Living In Apple River, IL

Cost of Living in Apple River, IL is
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