▼14%
$18.27
Avg. Base Hourly Rate (USD)
/ hour
Avg. Base Hourly Rate (USD)
10%
$11.50
MEDIAN
$18.27
90%
$23.97
The average hourly pay for a Loan Officer is $18.27 in 2025
Hourly Rate
$12 - $24
Bonus
$194 - $5k
Commission
$2k - $5k
Total Pay
$29k - $63k
Is Average Mid-Career Loan Officer with Bill Collections Skills Hourly Pay your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
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What is the Pay by Experience Level for Loan Officers?
What Do Loan Officers Do?
Loan Officer Tasks
- Obtain and compile financial information to evaluate loan applications and their risk.
- Generate new clients and referrals through strong relationship building.
- Track and maintain credit and loan data.
- Work directly with clients to review agreements, explain programs, and negotiate loans and terms.
Find your market worth – how it works:
Common Health Benefits for a Loan Officer
Medical
68%
Dental
68%
Vision
59%
None
27%
Gender Breakdown for Loan Officers
Female
50.0%
Male
50.0%
This data is based on 18 survey responses. Learn more about the gender pay gap.
FAQs About Loan Officers
What is the highest pay for Loan Officers?
Our data indicates that the highest pay for a Loan Officer is $23.97 / hour
What is the lowest pay for Loan Officers?
Our data indicates that the lowest pay for a Loan Officer is $11.50 / hour
How can Loan Officers increase their salary?
Increasing your pay as a Loan Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Officer that oversees more junior Loan Officers, this experience can increase the likelihood to earn more.