Loan Officer Trainee Salaries in Minnesota
How Much Does a Loan Officer Trainee Make in Minnesota?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Officer Trainee in Minnesota is $50,744.
While Salary.com is seeing that Loan Officer Trainee salary in MN can go up to $65,790
or down to $35,896, but most earn between $42,972 and $58,620.
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 Loan Officer Trainee
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Similar Job Salaries to Loan Officer Trainee by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Citizens Alliance
Loan Officer
|
$96,170/yr
|
RANGE: $76,659 - $115,681
|
|
Citizens Alliance Bank
Loan Officer
|
$96,170/yr
|
RANGE: $76,659 - $115,681
|
|
CMDC
Loan Officer
|
$132,039/yr
|
RANGE: $100,624 - $163,455
|
|
Alerus
Commercial Loan Review Officer
|
$88,782/yr
|
RANGE: $74,413 - $103,152
|
|
Home State Bank- People You Can Talk To
Loan Officer Position
|
$96,170/yr
|
RANGE: $76,659 - $115,681
|
|
Henderson Search & Consulting
Commercial Loan Officer
|
$133,438/yr
|
RANGE: $109,146 - $157,731
|
|
Home State Bank- People You Can Talk To
Mortgage Loan Officer
|
$96,170/yr
|
RANGE: $76,659 - $115,681
|
|
Blaze Credit Union
Branch Mortgage Loan Officer
|
$89,262/yr
|
RANGE: $75,897 - $102,627
|
|
Northview Bank
VP/Commercial Loan Officer
|
$154,134/yr
|
RANGE: $122,577 - $185,690
|
|
Associated Banc-Corp
Loan Review Officer II
|
$96,109/yr
|
RANGE: $80,358 - $111,861
|
Top 10 Highest Paying Cities For Loan Officer Trainee Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Officer Trainee can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Loan Officer Trainee job salaries in Minnesota.
Some cities can pay higher salaries for Loan Officer Trainee jobs, which can indicate that there is a large demand for Loan Officer Trainee positions in this city.
The following table shows top 10 cities where the Loan Officer Trainee salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Loan Officer Trainee salary is $52,629 in Minneapolis,
which is higher than the national average. There are 7 cities' Loan Officer Trainee salary higher than national average in Minnesota.
The average salary for a Loan Officer Trainee in Minnesota is $50,744,
but we found that the city with the highest salary for Loan Officer Trainee jobs is Minneapolis, MN, and it is higher than Saint Paul.
Loan Officer Trainee 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 | $52,629 | $4,386 | $1,012 | $25 |
| Saint Paul | $52,629 | $4,386 | $1,012 | $25 |
| Minnetonka | $52,629 | $4,386 | $1,012 | $25 |
| Eden Prairie | $52,530 | $4,378 | $1,010 | $25 |
| Burnsville | $52,481 | $4,373 | $1,009 | $25 |
| Lakeville | $52,282 | $4,357 | $1,005 | $25 |
| Rochester | $49,752 | $4,146 | $957 | $24 |
| Saint Cloud | $48,909 | $4,076 | $941 | $24 |
| Duluth | $47,917 | $3,993 | $921 | $23 |
What Does a Loan Officer Trainee Do?
Accountant, Compliance Investigator, County Operations Trainee, Economist, Engineer, Farm Loan Officer Trainee (Farm Loan Assistant), Farm Loan Program Technician, Statistician.
Updated December 19, 2021
However, some processors are actually more knowledgeable than the more sales-oriented loan officers because they handle more volume and may have more years of mortgage experience under their belt.
Updated December 19, 2021
While the loan officer or broker may be the person who “got you the loan” to begin with, it’s the processor that will likely take over once you’ve been “sold.”.
Updated December 15, 2021
If you are thinking of becoming a Loan Officer Trainee or planning the next step in your career, find details about.
Updated December 06, 2021
A loan processor deals with lots of paperwork and basically assists the loan officer in closing the loan.
Updated December 04, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Officer Trainee Salaries
What is the average of a Loan Officer Trainee in Minnesota?
The Loan Officer Trainee salary range is from $42,972 to $58,620, and the average Loan Officer Trainee salary is $50,744/year in Minnesota.
The Loan Officer Trainee's salary will change in different locations.
Which location pays the highest Loan Officer Trainee salary in the United States?
The Loan Officer Trainee salary in San Jose, CA is $62,253
which is the highest in the US.
What kinds of reasons will influence the Loan Officer Trainee'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 Loan Officer Trainee.
What is the growth rate of the Loan Officer Trainee's salary?
If you are thinking of becoming a Loan Officer Trainee or planning the next step in your career, find the detailed salary report of a Loan Officer Trainee.
