The average salary for a loan officer in District of Columbia is around $81,170 per year.
Avg Salary
Loan officers earn an average yearly salary of $81,170.
Wages typically start from $37,900 and go up to $170,790.
13% above national average Updated in 2021
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$82.11 per hour
$170,790 per year
75th percentile
Senior-level loan officer earnings begin at:
$49.75 per hour
$103,480 per year
50th percentile
Mid-level loan officer earnings begin at:
$39.03 per hour
$81,170 per year
25th percentile
Junior-level loan officer earnings begin at:
$29.13 per hour
$60,590 per year
10th percentile
Starting level loan officer earnings begin at:
$18.22 per hour
$37,900 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 District of Columbia. On average, they make less than auditors but more than fundraisers.
| Career | Median Salary |
|---|---|
| Auditor salary | $101K |
| Accountant salary | $101K |
| Underwriter salary | $99K |
| Statistician salary | $104K |
| Budget analyst salary | $104K |
| Loan officer salary | $81K |
| Cost estimator salary | $80K |
| Market research analyst salary | $79K |
| Credit analyst salary | $76K |
| Fundraiser salary | $63K |
Source: CareerExplorer (Aggregated)