Occupation salary profile

Loan Officers

SOC 13-2072 BLS OEWS May 2025 H-1B LCAs, last 12 months

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.

National median · BLS
$76,690
▲ +3.38% YoY
H-1B sponsor median
$71,600
▲ +1.26% YoY · 35 LCAs
Average salary · BLS
$87,790
Mean annual wage
U.S. employment
274,330
Jobs (BLS)
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Enter your pay and a location to see where you stand against BLS and H-1B pay, your estimated take-home pay, and your purchasing power.

Pay range for Loan Officers

Annual base pay at each percentile. BLS covers all U.S. workers in this occupation; H-1B covers 35 certified Labor Condition Applications filed by sponsoring employers in the last 12 months.

Percentile All U.S. workers (BLS) H-1B sponsored
10th — entry pay$39,430$54,000
25th$52,730$60,356
Median (50th)$76,690$71,600
75th$104,080$102,500
90th — top pay$153,180$156,040
H-1B sponsors pay a median of $71,600 for Loan Officers — 6.6% below the BLS national median of $76,690.

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Based on hrs/week × weeks/year = 2,080 hrs
Projections 2025–2035

Job outlook for Loan Officers

BLS projects employment of loan officers to grow 1.1% from 2025 to 2035, slower than the 3.5% average for all occupations. About 17,100 openings are projected each year, on average, from new jobs and from replacing workers who retire or move to other occupations.

Jobs 2025 → 2035
283,000 → 286,000
+3,100 jobs
Projected change
+1.1%
All occupations: +3.5%
Openings per year
17,100
Average, 2025–2035
Typical entry education
Bachelor's degree
Plus less than 5 years experience
On-the-job training
Moderate-term on-the-job training
Self-employed
1.4% of workers (2025)
Preparation needed (O*NET Job Zone 4)
Considerable Preparation Needed. Most of these occupations require a four-year bachelor's degree, but some do not.
Fastest-growing jobs → Best-paying jobs that need a bachelor's degree →

Source: U.S. Bureau of Labor Statistics, Employment Projections 2025–2035 · BLS Occupational Outlook Handbook →

H-1B sponsored pay

Pay by H-1B wage level

Employers assign every H-1B filing a Department of Labor prevailing-wage level, from Level I (entry) to Level IV (fully competent). Pay rises steeply with level.

H-1B median $71,600
Change vs prior year +1.26%
After inflation (CPI-U) -1.81%
Wage level LCAs Share P25 Median P75
Level I 15 42.9% $54,000 $60,000 $66,768
H-1B job titles

Salaries by job title in Loan Officers

The 1 most-filed job titles inside SOC 13-2072, from 35 H-1B filings. Seniority words and level numbers are grouped (“Senior Data Engineer II” counts as Data Engineer). Tap a title for its full range, wage levels and the exact titles employers used.

Job title LCAs Share P25 Median P75 YoY
Loan Officer 11 31.43% $57,500 $68,182 $73,126 —

Titles are cleaned from the employer's own LCA text (codes and typos removed, nothing invented). Rows need 10+ filings in this SOC.

Skills & tools

Skills needed for Loan Officers

How important each skill and knowledge area is for this job, rated by O*NET on a 1–5 scale from surveys of workers and occupational analysts.

Top skills
  • Active Listening4.0
  • Speaking4.0
  • Judgment and Decision Making3.9
  • Reading Comprehension3.9
  • Critical Thinking3.8
  • Writing3.4
  • Complex Problem Solving3.3
  • Mathematics3.3
  • Social Perceptiveness3.3
  • Active Learning3.1
Top knowledge areas
  • Customer and Personal Service4.7
  • Economics and Accounting3.9
  • English Language3.8
  • Mathematics3.7
  • Sales and Marketing3.5
  • Law and Government3.3
  • Administration and Management3.1
  • Education and Training2.9
Software and technology used
Microsoft ExcelMicrosoft Office softwareMicrosoft OutlookMicrosoft AccessMicrosoft PowerPointMicrosoft WordOracle PeopleSoftSAP softwareZoom1003 Uniform Residential Loan ApplicationAmortization loan softwareBankers Systems Rembrandt Lending SystemBottom Line LoanMaster Loan ServicingCalifornia Infinite LPSCalyx PointCGI-AMS BureauLink EnterpriseCGI-AMS CACS EnterpriseCGI-AMS Strata

Highlighted = in demand: frequently listed in employer job postings for this occupation (O*NET).

Source: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.

About the job

What loan officers do

  • Meet with applicants to obtain information for loan applications and to answer questions about the process.
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
  • Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
  • Submit applications to credit analysts for verification and recommendation.
  • Review loan agreements to ensure that they are complete and accurate according to policy.
  • Review and update credit and loan files.
  • Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
Also called
Commercial Loan OfficerFinancial Aid CounselorLoan CounselorLoan OfficerCommercial BankerCorporate Banking OfficerFinancial Aid AdvisorFinancial Aid OfficerFinancial CounselorMortgage Loan Officer
More job titles for this occupation (62)
Agricultural Loan OfficerBank OfficerBank RepresentativeBanking Services OfficerBranch BankerBranch Lending OfficerBusiness BankerBusiness Banking OfficerCommercial LenderCommercial Loan Collection OfficerCommercial Mortgage BrokerCommercial Relationship ManagerConsumer Lending SpecialistConsumer Loan OfficerConsumer Loan SpecialistEligibility ConsultantEscrow OfficerFarm Loan RepresentativeFarm Mortgage AgentFinancial Aid AdministratorFinancial Aid CoordinatorFinancial Aid TechnicianFinancial Assistance AdvisorFinancial Assistance SpecialistHome Lending AdvisorHome Lending OfficerLenderLoan AdministratorLoan AdviserLoan AnalystLoan ApproverLoan AuditorLoan ConsultantLoan CoordinatorLoan ExaminerLoan InterviewerLoan OriginatorLoan ReviewerLoan Service OfficerLoan Servicing SpecialistLoan SpecialistLoan UnderwriterLoan Workout OfficerMortgage BankerMortgage BrokerMortgage CloserMortgage ConsultantMortgage Loan CloserMortgage Loan OriginatorMortgage Loan UnderwriterMortgage OriginatorMortgage ServicerMortgage SpecialistMortgage UnderwriterPeer Financial CounselorPersonal Banking OfficerPersonal Loan SpecialistPortfolio ManagerReal Estate Loan OfficerReal Estate OfficerSmall Business Banking OfficerUnderwriter

Source: O*NET 31.0 (USDOL/ETA, CC BY 4.0). These are general job titles, not H-1B filings; for titles employers actually filed, see “Job titles” above.