As of August 01, 2026, the average salary for a Loan Manager in Richlands, VA is $152,923 per year, which breaks down to an hourly rate of $74.
However, a Loan Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Loan Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.
Experience is a primary driver of a Loan Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Commercia... Level Loan Manager | $119,125 |
| Commercia... Level Loan Manager | $149,383 |
| Loan Mana... Level Loan Manager | $150,694 |
| Commercia... Level Loan Manager | $182,598 |
| Commercia... Level Loan Manager | $216,400 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Influencing | 5.88% |
| Performance Review | 5.88% |
| Commercial Mortgage | 2.94% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
New Product Development
|
$191,154 |
25%
|
|
Corporate Services
|
$189,625 |
24%
|
|
Fund Administration
|
$168,216 |
10%
|
|
Influencing
|
$165,157 |
8%
|
|
Commercial Mortgage
|
$160,569 |
5%
|
|
Regulatory Compliance
|
$160,569 |
5%
|
For Loan Manager roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Financial Services sectors offer the strongest compensation, at 20% above the average. In contrast, Loan Manager positions in Business Services or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Loan Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $183,508 | $88.0 | 20% |
| Financial Services | $168,216 | $81.0 | 10% |
Understanding how a Loan Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Ready to take the next step in your career? Browse thousands of current Loan Manager job openings on our job board. Use the search bar below to find your perfect match.
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