Loans Officer Salary in Salem, OR

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How much does a Loans Officer make in Salem, OR?

As of April 01, 2025, the average annual salary for a Loans Officer in Salem, OR is $68,867. Salary.com reports that pay typically ranges from $59,478 to $80,645, with most professionals earning between $50,931 and $91,368.

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Salary range for a Loans Officer
$59,478 to $80,645
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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 Salem, OR

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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 Salem, OR

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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 Salem, OR

Average Base Salary

Core compensation

 
 
 
59478
80645
68867

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
69108
96868
81316
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 Salem, OR. The base salary for Loans Officer ranges from $59,478 to $80,645 with the average base salary of $68,867. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $69,108 to $96,868 with the average total cash compensation of $81,316.

View Average Salary for Loans Officer as table

Average Salary Average Salary Range
Base Salary $68,867 $59,478 - $80,645
Bonus $12,449 $9,630 - $16,224
Total Pay $81,316 $69,108 - $96,868
* 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 Salem, OR

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Salem, OR
CITY, STATE Albany, OR AVERAGE SALARY RANGE $58,650 - $79,522 COMPARE TO Salem, OR
CITY, STATE Oregon City, OR AVERAGE SALARY RANGE $61,725 - $83,692 COMPARE TO Salem, OR
CITY, STATE Corvallis, OR AVERAGE SALARY RANGE $58,627 - $79,490 COMPARE TO Salem, OR
CITY, STATE Lake Oswego, OR AVERAGE SALARY RANGE $61,962 - $84,012 COMPARE TO Salem, OR
CITY, STATE Beaverton, OR AVERAGE SALARY RANGE $61,962 - $84,012 COMPARE TO Salem, OR
CITY, STATE Clackamas, OR AVERAGE SALARY RANGE $61,885 - $83,908 COMPARE TO Salem, OR
See salaries for Loans Officer in locations close to Salem, OR. 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 Salem, OR

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Salem, OR MINIMUM SALARY $44,600 MAXIMUM SALARY $55,900
JOB TITLE Officer, Experienced - Mortgage Loans LOCATION Salem, OR MINIMUM SALARY $59,400 MAXIMUM SALARY $70,400
JOB TITLE Officer, Senior - Mortgage Loans LOCATION Salem, OR MINIMUM SALARY $83,300 MAXIMUM SALARY $104,500
JOB TITLE Loan Review Officer -Small Loans LOCATION Salem, OR MINIMUM SALARY $65,740 MAXIMUM SALARY $78,840
JOB TITLE Loan Review Officer - Large Loans LOCATION Salem, OR MINIMUM SALARY $79,800 MAXIMUM SALARY $101,000
JOB TITLE Loans Manager LOCATION Salem, OR MINIMUM SALARY $149,349 MAXIMUM SALARY $201,249
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 Salem, OR that might be a good fit for the type of job and salary you are looking for.

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59478
80645

 

About Salem, Oregon    Salem /ˈseɪləm/ is the capital of the U.S. state of Oregon, and the county seat of Marion County. It is located in the center of the Willamette Valley....More

Salem, Oregon  area prices were up 3.9% from a year ago

Loans Officer Salary in popular cities: Portland, Eugene, Gresham

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