Bank Loan Officer Salaries in Indiana
How Much Does a Bank Loan Officer Make in Indiana?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Bank Loan Officer in Indiana is $47,601.
While Salary.com is seeing that Bank Loan Officer salary in IN can go up to $60,904
or down to $29,909, but most earn between $38,340 and $54,564.
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 |
|---|---|---|
|
Dubois Pike Federal Credit Union
Loan Officer
|
$89,085/yr
|
RANGE: $71,010 - $107,161
|
|
Paramount Residential Mortgage Group
Loan Officer
|
$85,014/yr
|
RANGE: $67,306 - $102,723
|
|
Parker Mortgage
Loan Officer
|
$90,160/yr
|
RANGE: $71,866 - $108,453
|
|
Jobot
Bank Loan Officer
|
$108,190/yr
|
RANGE: $89,995 - $126,385
|
|
Dickinson County Bank
Loan Officer - Community Bank
|
$90,489/yr
|
RANGE: $72,774 - $108,204
|
|
Pinnacle Mortgage Corp
Senior Loan Officer
|
$87,567/yr
|
RANGE: $73,214 - $101,919
|
|
First Community Mortgage
Mortgage Loan Officer Assistant
|
$66,809/yr
|
RANGE: $56,710 - $76,909
|
|
Adams, Inc.
Commercial Loan Officer
|
$115,893/yr
|
RANGE: $94,839 - $136,946
|
|
Horizon Bank
Commercial Loan Officer
|
$116,251/yr
|
RANGE: $95,133 - $137,370
|
|
Mortgage Calculator Company LLC
Junior Loan Officer
|
$90,146/yr
|
RANGE: $72,271 - $108,022
|
Top 10 Highest Paying Cities For Bank Loan Officer Jobs in Indiana
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Bank Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Bank Loan Officer job salaries in Indiana.
Some cities can pay higher salaries for Bank Loan Officer jobs, which can indicate that there is a large demand for Bank Loan Officer positions in this city.
The following table shows top 10 cities where the Bank Loan Officer salary is higher than other cities in Indiana.
Hammond takes first place in this list, followed by Gary, Indianapolis.
The Bank Loan Officer salary is $49,024 in Hammond,
which is lower than the national average. There is 0 city's Bank Loan Officer salary higher than national average in Indiana.
The average salary for a Bank Loan Officer in Indiana is $47,601,
but we found that the city with the highest salary for Bank Loan Officer jobs is Hammond, IN, and it is higher than Gary.
Bank Loan Officer jobs in Hammond can have the opportunity to earn higher salaries than in other cities in Indiana.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Hammond | $49,024 | $4,085 | $943 | $24 |
| Gary | $49,024 | $4,085 | $943 | $24 |
| Indianapolis | $47,748 | $3,979 | $918 | $23 |
| Greenwood | $47,748 | $3,979 | $918 | $23 |
| Carmel | $47,699 | $3,975 | $917 | $23 |
| Lafayette | $47,454 | $3,954 | $913 | $23 |
| Elkhart | $47,012 | $3,918 | $904 | $23 |
| Evansville | $46,522 | $3,877 | $895 | $22 |
| South Bend | $46,080 | $3,840 | $886 | $22 |
| Mishawaka | $46,080 | $3,840 | $886 | $22 |
What Does a Bank Loan Officer Do?
Loan officers can go beyond these numbers to tailor a mortgage solution to your specific personal and financial situation.
Updated December 07, 2021
Because a loan officer is such a key player in the process of finding a mortgage, knowing how to choose a loan officer and what qualities to look for are essential in ensuring you get the best mortgage for you.
Updated November 16, 2021
If your loan officer understands what you’re looking for, they can better help you find the best lending solutions.
Updated November 09, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Bank Loan Officer Salaries
What is the average of a Bank Loan Officer in Indiana?
The Bank Loan Officer salary range is from $38,340 to $54,564, and the average Bank Loan Officer salary is $47,601/year in Indiana.
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 $61,587
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.
