The average salary for a loan officer in California is around $64,390 per year.
Avg Salary
Loan officers earn an average yearly salary of $64,390.
Wages typically start from $30,030 and go up to $155,050.
6% above national average Updated in 2021
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$74.54 per hour
$155,050 per year
75th percentile
Senior-level loan officer earnings begin at:
$48.43 per hour
$100,740 per year
50th percentile
Mid-level loan officer earnings begin at:
$30.96 per hour
$64,390 per year
25th percentile
Junior-level loan officer earnings begin at:
$21.85 per hour
$45,460 per year
10th percentile
Starting level loan officer earnings begin at:
$14.44 per hour
$30,030 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 California. On average, they make less than financial quantitative analysts but more than revenue agents.
| Career | Median Salary |
|---|---|
| Financial quantitative analyst salary | $77K |
| Underwriter salary | $81K |
| Market research analyst salary | $77K |
| Stock trader salary | $62K |
| Securities and commodities broker salary | $62K |
| Loan officer salary | $64K |
| Cost estimator salary | $77K |
| Fundraiser salary | $65K |
| Insurance appraiser salary | $78K |
| Revenue agent salary | $64K |
Source: CareerExplorer (Aggregated)