There were 274,330 loan officer jobs in the U.S. in May 2025, according to the Bureau of Labor Statistics. Loan officers earned a median of $76,690 a year and a mean of $87,790. Pay was spread widely: the top 10% made more than $153,180, while the bottom 10% made less than $39,430.
California had the most loan officer jobs, 25,790, with a median wage of $81,770. Texas was next with 21,200, then Florida with 18,830. The median wage was highest in Massachusetts ($101,600) and lowest in West Virginia ($57,580).
By state
| State | Jobs | Median annual pay | Mean annual pay | Mean hourly pay |
|---|---|---|---|---|
| California | 25,790 | $81,770 | $97,120 | $46.69 |
| Texas | 21,200 | $66,370 | $79,410 | $38.18 |
| Florida | 18,830 | $71,090 | $81,320 | $39.10 |
| Michigan | 11,340 | $74,470 | $83,990 | $40.38 |
| Illinois | 10,890 | $79,150 | $89,350 | $42.96 |
| New York | 10,840 | $95,710 | $114,670 | $55.13 |
| North Carolina | 10,700 | $75,920 | $84,160 | $40.46 |
| Arizona | 10,020 | $62,160 | $77,060 | $37.05 |
| Ohio | 9,880 | $76,370 | $83,960 | $40.37 |
| Georgia | 9,540 | $68,490 | $84,980 | $40.86 |
| Virginia | 8,790 | $78,320 | $90,090 | $43.31 |
| Pennsylvania | 8,140 | $69,300 | $80,450 | $38.68 |
| Missouri | 7,050 | $73,660 | $82,180 | $39.51 |
| Tennessee | 6,510 | $62,800 | $71,590 | $34.42 |
| Minnesota | 6,430 | $95,170 | $104,700 | $50.34 |
| New Jersey | 6,200 | $92,920 | $102,890 | $49.47 |
| Washington | 6,040 | $80,120 | $94,320 | $45.35 |
| Alabama | 5,050 | $66,710 | $83,410 | $40.10 |
| Wisconsin | 4,940 | $78,290 | $89,090 | $42.83 |
| Indiana | 4,790 | $72,960 | $78,980 | $37.97 |
| Massachusetts | 4,470 | $101,600 | $118,390 | $56.92 |
| Oregon | 4,220 | $94,440 | $101,000 | $48.56 |
| South Carolina | 4,140 | $63,220 | $77,890 | $37.45 |
| Oklahoma | 4,100 | $72,990 | $86,020 | $41.36 |
| Utah | 3,990 | $59,440 | $73,370 | $35.28 |
| Kentucky | 3,940 | $62,090 | $74,870 | $36.00 |
| Maryland | 3,850 | $73,580 | $84,190 | $40.47 |
| Kansas | 3,540 | $86,970 | $98,160 | $47.19 |
| Mississippi | 3,450 | $60,260 | $73,480 | $35.33 |
| Colorado | 3,230 | $94,520 | $97,840 | $47.04 |
| Iowa | 2,840 | $83,670 | $93,090 | $44.75 |
| Louisiana | 2,810 | $61,110 | $73,240 | $35.21 |
| Nebraska | 2,710 | $79,840 | $89,530 | $43.05 |
| Arkansas | 2,610 | $70,260 | $85,120 | $40.92 |
| Nevada | 2,580 | $64,500 | $87,850 | $42.24 |
| Connecticut | 2,220 | $95,730 | $101,710 | $48.90 |
| Idaho | 2,030 | $71,070 | $90,160 | $43.35 |
| South Dakota | 1,820 | $79,920 | $85,970 | $41.33 |
| Delaware | 1,420 | $83,130 | $92,000 | $44.23 |
| North Dakota | 1,370 | $84,650 | $91,760 | $44.12 |
| Rhode Island | 1,290 | $77,250 | $82,690 | $39.76 |
| West Virginia | 1,290 | $57,580 | $66,780 | $32.11 |
| Montana | 1,180 | $71,570 | $77,390 | $37.21 |
| New Mexico | 1,140 | $62,610 | $75,410 | $36.26 |
| New Hampshire | 1,120 | $80,660 | $97,080 | $46.68 |
| Maine | 1,060 | $81,900 | $88,830 | $42.71 |
| Hawaii | 980 | $63,740 | $81,330 | $39.10 |
| Wyoming | 740 | $79,620 | $87,930 | $42.27 |
| Alaska | 490 | $72,800 | $73,300 | $35.24 |
| District of Columbia | 370 | $92,890 | $100,150 | $48.15 |
| Vermont | 350 | $88,710 | $101,600 | $48.85 |
50 states and D.C., sorted by jobs. A dash means BLS did not publish the figure. Wages are what employers report and include commissions and production bonuses but not overtime or nonproduction bonuses.
Who is counted
The BLS occupation "loan officers" (code 13-2072) covers people who evaluate, authorize or recommend approval of commercial, real estate or credit loans. It includes mortgage loan officers but also people who make car, business and personal loans at banks, credit unions and finance companies. The figures come from a survey of employers and exclude self-employed workers, so counts from mortgage licensing records will differ.
Source
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation 13-2072 Loan Officers, national and state, retrieved through the BLS Public Data API on October 28, 2026. U.S. government data in the public domain. Our table is available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "Loan Officer Jobs and Pay by State," My Credit Guide, October 28, 2026, https://mycreditguide.org/data/loan-officer-jobs-by-state/.