The average salary for a loan officer in Indiana is around $60,550 per year.
Avg Salary
Loan officers earn an average yearly salary of $60,550.
Wages typically start from $30,460 and go up to $137,190.
20% above national average Updated in 2021
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$65.96 per hour
$137,190 per year
75th percentile
Senior-level loan officer earnings begin at:
$46.67 per hour
$97,070 per year
50th percentile
Mid-level loan officer earnings begin at:
$29.11 per hour
$60,550 per year
25th percentile
Junior-level loan officer earnings begin at:
$21.40 per hour
$44,520 per year
10th percentile
Starting level loan officer earnings begin at:
$14.64 per hour
$30,460 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 Indiana. On average, they make less than budget analysts but more than cost estimators.
| Career | Median Salary |
|---|---|
| Budget analyst salary | $77K |
| Financial quantitative analyst salary | $78K |
| Fraud analyst salary | $78K |
| Investment banker salary | $78K |
| Risk management specialist salary | $78K |
| Loan officer salary | $61K |
| Underwriter salary | $76K |
| Accountant salary | $64K |
| Auditor salary | $64K |
| Cost estimator salary | $62K |
Source: CareerExplorer (Aggregated)