Loans Officer Salary in Akron, OH

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How much does a Loans Officer make in Akron, OH?

As of March 01, 2025, the average annual salary for a Loans Officer in Akron, OH is $66,023. Salary.com reports that pay typically ranges from $57,016 to $77,318, with most professionals earning between $48,816 and $87,601.

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Salary range for a Loans Officer
$57,016 to $77,318
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What is a Loans Officer?

A Loans Officer is responsible for evaluating, authorizing, or recommending approval of loan applications for individuals and businesses. They analyze the financial status of loan applicants, review credit reports, and assess the risk involved in granting loans. Loans Officers also work with clients to explain loan options and terms, and ensure that all necessary documentation is completed accurately. They may also be responsible for monitoring and managing existing loan accounts, as well as promoting and marketing loan products to potential customers. Strong communication and customer service skills are essential for this role, as Loans Officers must be able to build and maintain relationships with clients while adhering to lending regulations and company policies.

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Loans Officer Salary By Experience Levels in Akron, OH

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Loans Officer Salary By Level of Education in Akron, OH

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Loans Officer in Akron, OH

Average Base Salary

Core compensation

 
 
 
57016
77318
66023

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
66257
92882
77964
What is the average salary for Loans Officer in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Officer in Akron, OH. The base salary for Loans Officer ranges from $57,016 to $77,318 with the average base salary of $66,023. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $66,257 to $92,882 with the average total cash compensation of $77,964.

View Average Salary for Loans Officer as table

Average Salary Average Salary Range
Base Salary $66,023 $57,016 - $77,318
Bonus $11,941 $9,241 - $15,564
Total Pay $77,964 $66,257 - $92,882
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Loans Officer Salary Near Akron, OH

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Akron, OH
CITY, STATE Cuyahoga Falls, OH AVERAGE SALARY RANGE $56,727 - $76,925 COMPARE TO Akron, OH
CITY, STATE Canton, OH AVERAGE SALARY RANGE $55,566 - $75,351 COMPARE TO Akron, OH
CITY, STATE Lakewood, OH AVERAGE SALARY RANGE $58,325 - $79,092 COMPARE TO Akron, OH
CITY, STATE Cleveland, OH AVERAGE SALARY RANGE $58,325 - $79,092 COMPARE TO Akron, OH
CITY, STATE Euclid, OH AVERAGE SALARY RANGE $58,278 - $79,028 COMPARE TO Akron, OH
CITY, STATE Elyria, OH AVERAGE SALARY RANGE $56,987 - $77,278 COMPARE TO Akron, OH
See salaries for Loans Officer in locations close to Akron, OH. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

View Salary for Similar Jobs to Loans Officer in Akron, OH

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Akron, OH MINIMUM SALARY $41,600 MAXIMUM SALARY $56,400
JOB TITLE Officer, Experienced - Mortgage Loans LOCATION Akron, OH MINIMUM SALARY $56,300 MAXIMUM SALARY $76,400
JOB TITLE Officer, Senior - Mortgage Loans LOCATION Akron, OH MINIMUM SALARY $78,700 MAXIMUM SALARY $108,200
JOB TITLE Loan Review Officer -Small Loans LOCATION Akron, OH MINIMUM SALARY $55,370 MAXIMUM SALARY $79,510
JOB TITLE Loan Review Officer - Large Loans LOCATION Akron, OH MINIMUM SALARY $79,100 MAXIMUM SALARY $108,500
JOB TITLE Loans Manager LOCATION Akron, OH MINIMUM SALARY $143,211 MAXIMUM SALARY $192,973
The Loans Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Akron, OH that might be a good fit for the type of job and salary you are looking for.

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57016
77318

 

About Akron, Ohio    Akron (/ˈækrən/) is the fifth-largest city in the U.S. state of Ohio and is the county seat of Summit County. It is located on the western edge of the....More

Akron, Ohio  area prices were up 1.6% from a year ago

Loans Officer Salary in popular cities: Columbus, Cleveland, Cincinnati

Recently searched related titles: Loan Closing Analyst, Home Loan Advisor, Loan Closing Officer

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Loans Officer : Escrow Processor, Mortgage Loan Originator Assistant, Mortgage Loan Servicer