Bank Loan Officer Salaries in the United States
How Much Does a Bank Loan Officer Make?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Bank Loan Officer in the United States is $49,379.
While Salary.com is seeing that Bank Loan Officer salary in the US can go up to $63,167
or down to $31,000, but most earn between $39,758 and $56,596.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Bank Loan Officer
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Similar Job Salaries to Bank Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Availa Bank
Bank Loan Officer
|
$94,595/yr
|
RANGE: $75,404 - $113,787
|
|
GBC International Bank
GBC International Bank | SBA Relationship Loan Officer
|
$115,776/yr
|
RANGE: $97,267 - $134,285
|
|
FIRST BRECKINRIDGE BANCSHARES
Loan Processor at Bank of Lexington
|
$62,004/yr
|
RANGE: $52,962 - $71,046
|
|
Phaxis
Bank Loan Services Analyst
|
$75,302/yr
|
RANGE: $61,505 - $89,100
|
|
CNB Financial Corporation
CNB Bank, Loan Servicer
|
$53,842/yr
|
RANGE: $45,714 - $61,970
|
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WorkSource Oregon
Bank Loan Processor #24-18
|
$56,701/yr
|
RANGE: $48,920 - $64,482
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Selby Jennings
Bank Loan Manager
|
$101,117/yr
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RANGE: $82,252 - $119,982
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Nexa Mortgage, LLC.
Loan Officer
|
$97,253/yr
|
RANGE: $77,522 - $116,984
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Paramount Residential Mortgage Group
Loan Officer
|
$95,945/yr
|
RANGE: $75,962 - $115,929
|
What Does a Bank Loan Officer Do?
Except for consumer loan officers, who spend most of their time in offices, these workers may travel to visit clients.
Updated December 22, 2021
If you can meet with or speak to a loan officer, you can make your case for loan approval to a human being rather than a machine.
Updated December 22, 2021
If the underwriter approves your loan, your loan officer will then collect and prepare the appropriate loan closing documents.
Updated December 20, 2021
This is why banks may have several branches — they want to serve the potential borrowers in various areas who want to meet face-to-face with a loan officer.
Updated December 20, 2021
Most loan officers are employed by commercial banks, credit unions, mortgage companies, and other financial institutions.
Updated December 19, 2021
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Explore JobArchitectFrequently Asked Questions About a Bank Loan Officer Salaries
What is the average of a Bank Loan Officer in the United States?
The Bank Loan Officer salary range is from $39,758 to $56,596, and the average Bank Loan Officer salary is $49,379/year in the United States.
The Bank Loan Officer's salary will change in different locations.
Which location pays the highest Bank Loan Officer salary in the United States?
The Bank Loan Officer salary in San Jose, CA is $61,970
which is the highest in the US.
What kinds of reasons will influence the Bank Loan Officer's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Bank Loan Officer.
What is the growth rate of the Bank Loan Officer's salary?
If you are thinking of becoming a Bank Loan Officer or planning the next step in your career, find the detailed salary report of a Bank Loan Officer.
Recent Salary Report
Below are the most recent Bank Loan Officer salary reports. Employer name has been removed to protect anonymity.
$42,297
Yearly
A Bank Loan Officer in West Hartford, CT reported making $42,297 per year
West Hartford, CT
6 - 1,000 employees
Full-Time
Company - Private
$24
Hourly
A Bank Loan Officer in Decatur, AL reported making $24 per hour
Decatur, AL
3,000 - 7,6 employees
Part-Time
Company - Public
$4,481
Monthly
A Bank Loan Officer in Clovis, NM reported making $4,481 per month
Clovis, NM
1,000 - 3,000 employees
Full-Time
Company - Public
$39,358
Yearly
A Bank Loan Officer in Portland, ME reported making $39,358 per year
Portland, ME
100 - 200 employees
Full-Time
Company - Private
$17
Hourly
A Bank Loan Officer in Lafayette, IN reported making $17 per hour
Lafayette, IN
7,6 - 15,000 employees
Part-Time
Company - Public
$49,111
Yearly
A Bank Loan Officer in Troy, NY reported making $49,111 per year
Troy, NY
200 - 6 employees
Full-Time
Company - Private
