📊 BLS Official Data · May 2025 Release
Mortgage Loan Officer Salary in the United States (2026)
Based on U.S. Bureau of Labor Statistics data · Updated 2026 · Medium Demand
Average
$82,750
per year
Median
$66,100
per year
Hourly
$39.78
per hour
Salary Range & Percentiles
Pay distribution across experience levels
10th Percentile — Entry Level$43,943
25th Percentile — Junior$64,915
50th Percentile — Median$66,100
75th Percentile — Senior$112,102
90th Percentile — Top Earners$132,075
💡 The top 10% of Mortgage Loan Officers earn $132,075 or more per year. Entry-level professionals can expect to start around $43,943, with significant growth over the first 5 years.
Salary Growth Trend (2021–2026)
Six-year compensation trajectory
$74.9k
2021
$76.4k
2022
$78.0k
2023
$79.5k
2024
$81.1k
2025
$82.8k
2026
📈 Mortgage Loan Officer salaries have grown 2.0% year-over-year. Since 2020, the average salary has increased by approximately $7,801.
Salary by State
Geographic salary comparison
| State | Avg Salary | vs National | Demand |
|---|---|---|---|
| Hawaii | $128,262 | +55.0% | Medium |
| District of Columbia | $125,780 | +52.0% | Medium |
| California | $117,505 | +42.0% | Medium |
| New York | $114,195 | +38.0% | Medium |
| Alaska | $109,230 | +32.0% | Medium |
| Massachusetts | $107,575 | +30.0% | Medium |
| New Jersey | $105,920 | +28.0% | Medium |
| Washington | $103,438 | +25.0% | Medium |
| Connecticut | $100,955 | +22.0% | Medium |
| Maryland | $95,162 | +15.0% | Medium |
| Rhode Island | $95,162 | +15.0% | Medium |
| New Hampshire | $94,335 | +14.0% | Medium |
| Oregon | $92,680 | +12.0% | Medium |
| Colorado | $91,025 | +10.0% | Medium |
| Virginia | $91,025 | +10.0% | Medium |
| Vermont | $89,370 | +8.0% | Medium |
| Delaware | $86,888 | +5.0% | Medium |
| Illinois | $86,888 | +5.0% | Medium |
| Maine | $84,405 | +2.0% | Medium |
| Nevada | $84,405 | +2.0% | Medium |
| Minnesota | $82,750 | +0.0% | Medium |
| Utah | $82,750 | +0.0% | Medium |
| Arizona | $81,922 | -1.0% | Medium |
| Pennsylvania | $81,922 | -1.0% | Medium |
| Florida | $81,095 | -2.0% | Medium |
| Montana | $78,612 | -5.0% | Medium |
| Texas | $78,612 | -5.0% | Medium |
| Georgia | $76,958 | -7.0% | Medium |
| Idaho | $76,958 | -7.0% | Medium |
| Wyoming | $76,958 | -7.0% | Medium |
| North Dakota | $76,130 | -8.0% | Medium |
| Wisconsin | $76,130 | -8.0% | Medium |
| North Carolina | $75,302 | -9.0% | Medium |
| Michigan | $74,475 | -10.0% | Medium |
| Louisiana | $72,820 | -12.0% | Medium |
| Nebraska | $72,820 | -12.0% | Medium |
| New Mexico | $72,820 | -12.0% | Medium |
| Ohio | $72,820 | -12.0% | Medium |
| South Carolina | $72,820 | -12.0% | Medium |
| Tennessee | $72,820 | -12.0% | Medium |
| Alabama | $71,992 | -13.0% | Medium |
| Missouri | $71,992 | -13.0% | Medium |
| South Dakota | $71,992 | -13.0% | Medium |
| Iowa | $71,165 | -14.0% | Medium |
| Indiana | $70,338 | -15.0% | Medium |
| Kansas | $70,338 | -15.0% | Medium |
| Oklahoma | $69,510 | -16.0% | Medium |
| Arkansas | $68,682 | -17.0% | Medium |
| Kentucky | $68,682 | -17.0% | Medium |
| Mississippi | $66,200 | -20.0% | Medium |
| West Virginia | $64,545 | -22.0% | Medium |
What Factors Affect Mortgage Loan Officer Salary?
Key factors affecting compensation
A Mortgage Loan Officer's salary is influenced by several key factors including geographic location, years of experience, employer type, and educational background. States with higher costs of living — such as California, New York, and Washington — typically offer 20–40% higher salaries than the national average to compensate for living expenses.
Experience plays a major role in compensation. Entry-level Mortgage Loan Officers typically earn $43,943–$64,915 per year, while senior professionals with 10+ years of experience can command $112,102–$132,075 annually. Specialization and advanced certifications can further boost earning potential.
Employer size also matters. Large corporations and government agencies tend to offer more competitive packages including benefits, retirement plans, and bonuses. The Mortgage Loan Officer role currently has medium demand in the job market with a 2.0% growth rate, making it one of the steadily growing careers in the Finance sector.
🏛️ U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
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Frequently Asked Questions
Common questions about this salary
-
What is the average salary for a Mortgage Loan Officer?The average salary for a Mortgage Loan Officer in the United States is $82,750 per year, with a median of $66,100.
-
What is the starting salary for a Mortgage Loan Officer?Entry-level Mortgage Loan Officers typically earn between $43,943 and $64,915 per year depending on location and employer.
-
What state pays Mortgage Loan Officers the most?California, New York, and Washington typically pay Mortgage Loan Officers the highest salaries due to high cost of living and strong job markets.
-
How much does a Mortgage Loan Officer make per hour?Based on the average annual salary of $82,750, a Mortgage Loan Officer earns approximately $39.78 per hour (based on 2,080 working hours/year).
-
Is Mortgage Loan Officer a good career in 2026?Yes — the Mortgage Loan Officer role has medium demand with 2.0% year-over-year salary growth, indicating a strong and growing career path.
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