How much does a bank loan officer make?

Federal wage data does not break out bank loan officers as a separate group. Loan officers overall earned a median of $76,690 per year as of May 2025, and loan officers in credit intermediation, the industry that includes commercial banks, savings institutions, and mortgage companies, earned a median of $76,070. Large banks typically pay a base salary plus a small bonus based on the loan amount, while mortgage companies and brokers more often pay commission.

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