How Much Does a Loan Operations Assistant Make in Minnesota?

Updated March 01, 2025
As of March 01, 2025, the average annual pay of Loan Operations Assistant in Minnesota is $46,824. While Salary.com is seeing that Loan Operations Assistant salary in MN can go up to $57,358 or down to $37,435, but most earn between $41,910 and $52,338. 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 Operations Assistant
Loan Processing Assistant Manager
$82,920
Minnesota
Per Year
Manager, Loan Operations
$177,219
Minnesota
Per Year
LOAN OPERATIONS SPECIALIST
$54,956
Minnesota
Per Year
Loan Operations Analyst
$58,502
Minnesota
Per Year
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Similar Job Salaries to Loan Operations Assistant by Company

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Company average base salary in (usd) range
First National Bank (Oldham)
Administrative Assistant (Loan/Operations department)
$39,485/yr
$35,462
$43,509
RANGE: $35,462 - $43,509
Merchants Bank
Senior Loan Operations Specialist
$75,688/yr
$63,768
$87,607
RANGE: $63,768 - $87,607
First National Bank of Milaca
Credit Risk and Loan Operations Officer
$110,801/yr
$92,305
$129,297
RANGE: $92,305 - $129,297
Prime Security Bank
Universal Banker/Loan Operations Associate
$82,851/yr
$69,853
$95,849
RANGE: $69,853 - $95,849
PLATINUM BANK
SBA Loan Assistant
$99,304/yr
$77,027
$121,581
RANGE: $77,027 - $121,581
City of St. Paul
Loan Specialist Assistant
$69,645/yr
$59,579
$79,710
RANGE: $59,579 - $79,710
SRS Acquiom
Loan Agency Deal Team Operations Analyst I
$67,745/yr
$58,195
$77,294
RANGE: $58,195 - $77,294
Grant Morgan
Loan Accounting Manager/Assistant Controller
$83,411/yr
$73,571
$93,251
RANGE: $73,571 - $93,251
Grandview Bank
Loan Operations Assistant
$62,263/yr
$53,549
$70,977
RANGE: $53,549 - $70,977
SYNERGY BANK
Loan Operations Assistant
$51,169/yr
$43,575
$58,762
RANGE: $43,575 - $58,762

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Top 10 Highest Paying Cities For Loan Operations Assistant 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 Operations Assistant 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 Operations Assistant job salaries in Minnesota. Some cities can pay higher salaries for Loan Operations Assistant jobs, which can indicate that there is a large demand for Loan Operations Assistant positions in this city.
The following table shows top 10 cities where the Loan Operations Assistant salary is higher than other cities in Minnesota. Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka. The Loan Operations Assistant salary is $48,564 in Minneapolis, which is higher than the national average. There are 7 cities' Loan Operations Assistant salary higher than national average in Minnesota.
The average salary for a Loan Operations Assistant in Minnesota is $46,824, but we found that the city with the highest salary for Loan Operations Assistant jobs is Minneapolis, MN, and it is higher than Saint Paul. Loan Operations Assistant 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 $48,564 $4,047 $934 $23
Saint Paul $48,564 $4,047 $934 $23
Minnetonka $48,564 $4,047 $934 $23
Eden Prairie $48,472 $4,039 $932 $23
Burnsville $48,426 $4,036 $931 $23
Lakeville $48,243 $4,020 $928 $23
Rochester $45,909 $3,826 $883 $22
Saint Cloud $45,131 $3,761 $868 $22
Duluth $44,215 $3,685 $850 $21

What Does a Loan Operations Assistant Do?

It is important to note that the CSMLP is self-supporting through interest earned from loan program enrollment, thus saving taxpayers all operation costs including staff salaries for the administrator and program assistants.
Updated December 17, 2021
Our bank client is seeking to fill a Loan Operations Assistant Manager role located in the Schaumburg, IL area.
Updated December 13, 2021
A business loan provides necessary financing business owners can use for everyday operations, working capital, purchasing equipment or inventory and paying other debts.
Updated December 10, 2021
Short-Term Working Capital Loan - The loan can be used to meet your daily business expenses such as the salaries of your employees, funds required to meet daily operation of your business, overall costs of running your business and others.
Updated December 09, 2021
GREENBRIER, ARKANSAS – First Service Bank, a full-service bank with 10 locations across Arkansas announced the promotion of Kasey Jaracz to Loan Operations Assistant Manager.
Updated December 07, 2021

Frequently Asked Questions About a Loan Operations Assistant Salaries

What is the average of a Loan Operations Assistant in Minnesota?

The Loan Operations Assistant salary range is from $41,910 to $52,338, and the average Loan Operations Assistant salary is $46,824/year in Minnesota. The Loan Operations Assistant's salary will change in different locations.

Which location pays the highest Loan Operations Assistant salary in the United States?

The Loan Operations Assistant salary in San Jose, CA is $57,443 which is the highest in the US.

What kinds of reasons will influence the Loan Operations Assistant'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 Operations Assistant.

What is the growth rate of the Loan Operations Assistant's salary?

If you are thinking of becoming a Loan Operations Assistant or planning the next step in your career, find the detailed salary report of a Loan Operations Assistant.