Loans Officer Salary in Albany, NY

Didn't find your job?
Click

How much does a Loans Officer make in Albany, NY?

As of April 01, 2025, the average annual salary for a Loans Officer in Albany, NY is $69,483. Salary.com reports that pay typically ranges from $60,010 to $81,366, with most professionals earning between $51,386 and $92,186.

Search Loans Officer Jobs in Albany, NY

Develop a Job description
Pay Equity
2024 Compensation Trend
Benefits Consulting
Salary range for a Loans Officer
$60,010 to $81,366
Employers: Find Surveys For This Job
Employers: Price Your Company Jobs
download asset banner
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

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.

See user submitted job responsibilities for Loans Officer.

Search Loans Officer Job Openings

Job Openings for Loans Officer in Albany, NY
Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Loans Officer Salary By Experience Levels in Albany, NY

How much should you be earning in Loans Officer in Albany, NY based on your current experience?
Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Loans Officer in Albany, NY

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 Albany, NY

Do you know how much should you be paid for a Loans Officer position in Albany, NY based on your education level?
Tell us about your education and see an estimate of earnings for Loans Officer in Albany, NY and well to know the impact of education on future careers.

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 Albany, NY

Average Base Salary

Core compensation

 
 
 
60010
81366
69483

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
69727
97735
82043
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 Albany, NY. The base salary for Loans Officer ranges from $60,010 to $81,366 with the average base salary of $69,483. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $69,727 to $97,735 with the average total cash compensation of $82,043.

View Average Salary for Loans Officer as table

Average Salary Average Salary Range
Base Salary $69,483 $60,010 - $81,366
Bonus $12,560 $9,716 - $16,369
Total Pay $82,043 $69,727 - $97,735
* 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 Albany, NY

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Albany, NY
CITY, STATE Schenectady, NY AVERAGE SALARY RANGE $59,863 - $81,166 COMPARE TO Albany, NY
CITY, STATE Troy, NY AVERAGE SALARY RANGE $59,987 - $81,334 COMPARE TO Albany, NY
CITY, STATE Nassau, NY AVERAGE SALARY RANGE $64,718 - $87,749 COMPARE TO Albany, NY
CITY, STATE Pittsfield, MA AVERAGE SALARY RANGE $60,667 - $82,256 COMPARE TO Albany, NY
CITY, STATE Bennington, VT AVERAGE SALARY RANGE $59,880 - $81,190 COMPARE TO Albany, NY
CITY, STATE Poughkeepsie, NY AVERAGE SALARY RANGE $62,813 - $85,167 COMPARE TO Albany, NY
See salaries for Loans Officer in locations close to Albany, NY. 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 Albany, NY

See Additional Similar Jobs
Loading results...
JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Albany, NY MINIMUM SALARY $45,000 MAXIMUM SALARY $56,400
JOB TITLE Officer, Experienced - Mortgage Loans LOCATION Albany, NY MINIMUM SALARY $59,900 MAXIMUM SALARY $71,100
JOB TITLE Officer, Senior - Mortgage Loans LOCATION Albany, NY MINIMUM SALARY $84,100 MAXIMUM SALARY $105,500
JOB TITLE Loan Review Officer -Small Loans LOCATION Albany, NY MINIMUM SALARY $66,330 MAXIMUM SALARY $79,550
JOB TITLE Loan Review Officer - Large Loans LOCATION Albany, NY MINIMUM SALARY $80,500 MAXIMUM SALARY $101,900
JOB TITLE Loans Manager LOCATION Albany, NY MINIMUM SALARY $150,686 MAXIMUM SALARY $203,050
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 Albany, NY that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

60010
81366

 

About Albany, New York    Albany (/ˈɔːlbəni/ (listen) ALL-bə-nee) is the capital of the U.S. state of New York and the seat of Albany County. Albany is located on the west bank....More

Albany, New York  area prices were up 1.5% from a year ago

Loans Officer Salary in popular cities: New York, Buffalo, Rochester

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