Indirect Loan Officer Salaries in Minnesota
How Much Does an Indirect Loan Officer Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Indirect Loan Officer in Minnesota is $56,182.
While Salary.com is seeing that Indirect Loan Officer salary in MN can go up to $65,500
or down to $44,173, but most earn between $49,896 and $61,060.
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 Indirect Loan Officer
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Similar Job Salaries to Indirect Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
The First National Bank of Bemidji
Indirect Loan Officer
|
$55,266/yr
|
RANGE: $48,996 - $61,536
|
|
Associated Banc-Corp
Loan Review Officer I - Indirect Auto
|
$88,172/yr
|
RANGE: $80,649 - $95,694
|
|
Associated Bank - Corp
Loan Review Officer I - Indirect Auto
|
$88,172/yr
|
RANGE: $80,649 - $95,694
|
|
Acadia Federal Credit Union
Indirect Loan Officer
|
$60,473/yr
|
RANGE: $53,851 - $67,095
|
|
Westmark Credit Union
Indirect Loan Officer
|
$57,864/yr
|
RANGE: $51,527 - $64,200
|
|
Synectics Inc
Loan Officer
|
$84,794/yr
|
RANGE: $75,924 - $93,664
|
|
Caliver Beach Mortgage
Loan Officer
|
$73,558/yr
|
RANGE: $66,101 - $81,014
|
|
Builders Capital
Loan Officer
|
$80,260/yr
|
RANGE: $72,124 - $88,396
|
|
State of Minnesota
Loan Officer
|
$78,473/yr
|
RANGE: $70,518 - $86,428
|
Top 10 Highest Paying Cities For Indirect Loan Officer Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where an Indirect 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 Indirect Loan Officer job salaries in Minnesota.
Some cities can pay higher salaries for Indirect Loan Officer jobs, which can indicate that there is a large demand for Indirect Loan Officer positions in this city.
The following table shows top 10 cities where the Indirect Loan Officer salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Indirect Loan Officer salary is $57,462 in Minneapolis,
which is higher than the national average. There are 7 cities' Indirect Loan Officer salary higher than national average in Minnesota.
The average salary for an Indirect Loan Officer in Minnesota is $56,182,
but we found that the city with the highest salary for Indirect Loan Officer jobs is Minneapolis, MN, and it is higher than Saint Paul.
Indirect Loan Officer jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $57,462 | $4,788 | $1,105 | $28 |
| Saint Paul | $57,462 | $4,788 | $1,105 | $28 |
| Minnetonka | $57,462 | $4,788 | $1,105 | $28 |
| Eden Prairie | $57,363 | $4,780 | $1,103 | $28 |
| Burnsville | $57,297 | $4,775 | $1,102 | $28 |
| Lakeville | $57,099 | $4,758 | $1,098 | $27 |
| Rochester | $55,040 | $4,587 | $1,058 | $26 |
| Saint Cloud | $54,162 | $4,513 | $1,042 | $26 |
| Duluth | $52,663 | $4,389 | $1,013 | $25 |
What Does an Indirect Loan Officer Do?
Files for contracts requiring settlement of indirect cost rates should be closed within 36 months of the month in which the contracting officer receives evidence of physical completion.
Updated December 17, 2021
Have been determined, all required disclosures and documents are included and have been executed properly, and indirect loans are uploaded to the core system and the results of the upload has been verified for accuracy.
Updated December 07, 2021
For advance payments, loans, or other arrangements that do not involve recurrent submission of contract financing requests, the designated payment office will make payment in accordance with the applicable contract financing terms or as directed by the contracting officer.
Updated December 02, 2021
Indirect lending standards should be consistent with the credit union’s direct (internal) loan underwriting standards.
Updated November 22, 2021
Regardless of the type of indirect lending relationship established, no credit union should delegate loan approval authority to a third party.
Updated November 13, 2021
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Explore JobArchitectFrequently Asked Questions About an Indirect Loan Officer Salaries
What is the average of an Indirect Loan Officer in Minnesota?
The Indirect Loan Officer salary range is from $49,896 to $61,060, and the average Indirect Loan Officer salary is $56,182/year in Minnesota.
The Indirect Loan Officer's salary will change in different locations.
Which location pays the highest Indirect Loan Officer salary in the United States?
The Indirect Loan Officer salary in San Jose, CA is $69,249
which is the highest in the US.
What kinds of reasons will influence the Indirect 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 Indirect Loan Officer.
What is the growth rate of the Indirect Loan Officer's salary?
If you are thinking of becoming an Indirect Loan Officer or planning the next step in your career, find the detailed salary report of an Indirect Loan Officer.
