The average salary for a loan officer in Alabama is around $53,410 per year.
Avg Salary
Loan officers earn an average yearly salary of $53,410.
Wages typically start from $35,760 and go up to $128,090.
13% above national average Updated in 2021
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$61.58 per hour
$128,090 per year
75th percentile
Senior-level loan officer earnings begin at:
$39.31 per hour
$81,760 per year
50th percentile
Mid-level loan officer earnings begin at:
$25.68 per hour
$53,410 per year
25th percentile
Junior-level loan officer earnings begin at:
$19.93 per hour
$41,450 per year
10th percentile
Starting level loan officer earnings begin at:
$17.19 per hour
$35,760 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| New York | $96,430 |
| District of Columbia | $81,170 |
| Massachusetts | $79,570 |
| New Jersey | $78,870 |
| Minnesota | $78,660 |
| Rhode Island | $78,640 |
| Nevada | $78,470 |
| Oregon | $78,300 |
| North Dakota | $77,060 |
| Colorado | $76,920 |
| Kansas | $76,920 |
| New Hampshire | $76,920 |
| Michigan | $76,840 |
| North Carolina | $76,840 |
| Virginia | $76,710 |
| Nebraska | $75,700 |
| Wisconsin | $74,890 |
| Missouri | $74,520 |
| Arkansas | $74,490 |
| Pennsylvania | $65,810 |
| California | $64,390 |
| South Dakota | $63,560 |
| Hawaii | $63,460 |
| Montana | $63,270 |
| Maine | $63,200 |
| Illinois | $63,170 |
| Iowa | $62,650 |
| Maryland | $62,610 |
| Washington | $62,530 |
| Kentucky | $62,320 |
| Ohio | $62,320 |
| Wyoming | $62,160 |
| Georgia | $62,100 |
| Connecticut | $61,850 |
| New Mexico | $61,170 |
| Texas | $61,120 |
| Tennessee | $60,800 |
| Indiana | $60,550 |
| Delaware | $60,140 |
| Florida | $60,110 |
| Oklahoma | $60,110 |
| Vermont | $60,110 |
| Alabama | $53,410 |
| South Carolina | $53,410 |
| Arizona | $52,530 |
| Idaho | $49,920 |
| Louisiana | $49,780 |
| Alaska | $49,620 |
| Utah | $48,300 |
| West Virginia | $48,000 |
| Mississippi | $44,480 |
| Guam | $38,630 |
| Puerto Rico | $30,080 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in Alabama. On average, they make less than fraud analysts but more than cost estimators.
| Career | Median Salary |
|---|---|
| Fraud analyst salary | $74K |
| Investment banker salary | $74K |
| Credit analyst salary | $75K |
| Accountant salary | $62K |
| Auditor salary | $62K |
| Loan officer salary | $53K |
| Underwriter salary | $62K |
| Statistician salary | $62K |
| Consultant salary | $61K |
| Cost estimator salary | $61K |
Source: CareerExplorer (Aggregated)