▼25%
$21.30
Avg. Base Hourly Rate (USD)
/ hour
Avg. Base Hourly Rate (USD)
10%
$15.97
MEDIAN
$21.30
90%
$27.22
The average hourly pay for a Loan Officer is $21.30 in 2026
Hourly Rate
$16 - $27
Bonus
$127 - $16k
Commission
$1k - $5k
Total Pay
$37k - $77k
Is Average Experienced Loan Officer with Loan Processing 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?
Find your market worth – how it works:
Common Health Benefits for a Loan Officer
Medical
93%
Dental
86%
Vision
79%
None
7%
Gender Breakdown for Loan Officers
Female
84.2%
Male
15.8%
This data is based on 19 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 $27.22 / hour
What is the lowest pay for Loan Officers?
Our data indicates that the lowest pay for a Loan Officer is $15.97 / 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.