The average salary for a loan officer in New Mexico is around $61,170 per year.
Avg Salary
Loan officers earn an average yearly salary of $61,170.
Wages typically start from $38,100 and go up to $120,880.
8% above national average Updated in 2021
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$58.12 per hour
$120,880 per year
75th percentile
Senior-level loan officer earnings begin at:
$38.63 per hour
$80,340 per year
50th percentile
Mid-level loan officer earnings begin at:
$29.41 per hour
$61,170 per year
25th percentile
Junior-level loan officer earnings begin at:
$23.21 per hour
$48,280 per year
10th percentile
Starting level loan officer earnings begin at:
$18.32 per hour
$38,100 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 New Mexico. On average, they make less than consultants but more than fraud analysts.
| Career | Median Salary |
|---|---|
| Consultant salary | $68K |
| Economist salary | $68K |
| Insurance appraiser salary | $77K |
| Auditor salary | $62K |
| Accountant salary | $62K |
| Loan officer salary | $61K |
| Risk management specialist salary | $63K |
| Investment banker salary | $63K |
| Financial quantitative analyst salary | $63K |
| Fraud analyst salary | $63K |
Source: CareerExplorer (Aggregated)