Loans Officer Salary in Toledo, OH

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

As of April 01, 2025, the average annual salary for a Loans Officer in Toledo, OH is $66,025. Salary.com reports that pay typically ranges from $57,024 to $77,317, with most professionals earning between $48,829 and $87,598.

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Salary range for a Loans Officer
$57,024 to $77,317
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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 Toledo, 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 Toledo, 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 Toledo, OH

Average Base Salary

Core compensation

 
 
 
57024
77317
66025

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
66257
92872
77960
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 Toledo, OH. The base salary for Loans Officer ranges from $57,024 to $77,317 with the average base salary of $66,025. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $66,257 to $92,872 with the average total cash compensation of $77,960.

View Average Salary for Loans Officer as table

Average Salary Average Salary Range
Base Salary $66,025 $57,024 - $77,317
Bonus $11,935 $9,233 - $15,554
Total Pay $77,960 $66,257 - $92,872
* 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 Toledo, OH

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Toledo, OH
CITY, STATE Taylor, MI AVERAGE SALARY RANGE $59,047 - $80,060 COMPARE TO Toledo, OH
CITY, STATE Ann Arbor, MI AVERAGE SALARY RANGE $59,449 - $80,605 COMPARE TO Toledo, OH
CITY, STATE Canton, MI AVERAGE SALARY RANGE $59,354 - $80,476 COMPARE TO Toledo, OH
CITY, STATE Westland, MI AVERAGE SALARY RANGE $59,058 - $80,076 COMPARE TO Toledo, OH
CITY, STATE Dearborn, MI AVERAGE SALARY RANGE $59,141 - $80,188 COMPARE TO Toledo, OH
CITY, STATE Dearborn Heights, MI AVERAGE SALARY RANGE $59,112 - $80,148 COMPARE TO Toledo, OH
See salaries for Loans Officer in locations close to Toledo, 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 Toledo, OH

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Toledo, OH MINIMUM SALARY $42,700 MAXIMUM SALARY $53,600
JOB TITLE Officer, Experienced - Mortgage Loans LOCATION Toledo, OH MINIMUM SALARY $57,000 MAXIMUM SALARY $67,500
JOB TITLE Officer, Senior - Mortgage Loans LOCATION Toledo, OH MINIMUM SALARY $79,900 MAXIMUM SALARY $100,200
JOB TITLE Loan Review Officer -Small Loans LOCATION Toledo, OH MINIMUM SALARY $63,030 MAXIMUM SALARY $75,590
JOB TITLE Loan Review Officer - Large Loans LOCATION Toledo, OH MINIMUM SALARY $76,500 MAXIMUM SALARY $96,900
JOB TITLE Loans Manager LOCATION Toledo, OH MINIMUM SALARY $143,187 MAXIMUM SALARY $192,945
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 Toledo, OH that might be a good fit for the type of job and salary you are looking for.

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57024
77317

 

About Toledo, Ohio    Toledo (/təˈliːdoʊ/) is a city in and the county seat of Lucas County, Ohio, United States. Toledo is in northwest Ohio, at the western end of Lake Er....More

Toledo, Ohio  area prices were up 1.3% 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