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The national median salary for Loan Officers is $76,690 per year ($36.87/hr) according to the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2025. The middle 50% of earners make between $52,728 and $104,083 annually. Top earners at the 90th percentile reach $153,192 per year. There are approximately 274,330 loan officers employed in the United States.
About This Role
BLS Standard Occupational Classification 2018
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Career Outlook
BLS Employment Projections · 2024-2034
10-year growth
+1.7%
About as fast as average
Annual openings
20K
per year, on avg
Workforce today
301K
as of 2024
Why those openings exist
2% from new growth98% from people leaving the role
Most openings come from replacement, not growth. Retention matters more than recruiting here.
Typical entry requirements
Education
Bachelor's degree
Experience
Less than 5 years
On-the-job training
Moderate-term on-the-job training
Industry Wage Breakdown
Top 5 industries by employment · median annual wage, sector-specific
Industry
Workforce
Median Pay
Credit Intermediation and Related Activities (5221 and 5223 only)
NAICS 5220A1
145K
$77,680
Nondepository Credit Intermediation
NAICS 522200
77K
$64,610
Management of Companies and Enterprises
NAICS 551100
12K
$79,570
Automobile Dealers
NAICS 441100
11K
$106,000
Federal Executive Branch (OEWS Designation)
NAICS 999100
5K
$81,470
Wage range across top 5 industries: $64,610 to $106,000 (64% spread)
Wage Percentiles
Hourly & annualized (2,080 hours)
Percentile
Hourly Rate
Annual Salary
P10
$18.96
$39,437
P25
$25.35
$52,728
P50MEDIAN
$36.87
$76,690
P75
$50.04
$104,083
P90
$73.65
$153,192
Market Context Signal
JOLTS · finance sector
Hot
Openings Rate
6.0%
Quits Rate
1.2%
Finance and Insurance openings surged to 428K (+98K) in March, pushing the openings rate to 6.0% -- the highest in any major sector. Quits ticked up to 1.2%. Demand for finance talent has reaccelerated sharply.
Frequently Asked Questions
What is the average loan officers salary?
The national median salary for Loan Officers is $76,690 per year ($36.87/hr) according to BLS OEWS May 2025 data. The middle 50% earn between $52,728 and $104,083 annually.
How much do top-earning loan officers make?
The 90th percentile salary for Loan Officers is $153,192 per year ($73.65/hr). The 75th percentile is $104,083 per year.
What is the entry-level salary for loan officers?
Entry-level Loan Officers (10th percentile) earn approximately $39,437 per year ($18.96/hr). The 25th percentile is $52,728 per year.
Wage figures on this page come from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment & Wage Statistics (OEWS) survey, May 2025 release. OEWS surveys roughly 1.1 million establishments annually. It is the most comprehensive employer-reported wage dataset in the United States.
P10 through P90 percentiles represent the wage distribution across all surveyed employers (not self-reported by workers). Geographic adjustments use BLS-derived cost multipliers calibrated from regional wage variation.
Wages are estimates. Individual compensation depends on experience, education, employer size, industry, and negotiation. Use this as benchmark context, not absolute ground truth.
CompSignal is a free labor market intelligence tool built for HR, compensation, and talent acquisition teams. We make BLS data, the same primary source Mercer and Radford cross-reference in their paid surveys, searchable and actionable without an enterprise subscription.
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