How much does a mortgage loan officer make?
Loan officers earned a median annual wage of $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. Pay varies widely by employer: some loan officers receive a flat salary, while others earn a base salary plus commission on the loans they originate.
Loan officers earned a median annual wage of $76,690 in May 2025, or $36.87 per hour, according to the U.S. Bureau of Labor Statistics. The lowest 10 percent earned less than $39,430, and the highest 10 percent earned more than $153,180.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Loan officers earned a median annual wage of $76,690 in May 2025, or $36.87 per hour, according to the U.S. Bureau of Labor Statistics. Earnings at the high end of the field exceeded $153,180, while the low end was below $39,430. The field held about 283,000 jobs in 2025, with employment projected to grow 1% from 2025 to 2035.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Loan officers earned a median annual wage of $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10 percent earned less than $39,430, and the highest 10 percent earned more than $153,180. Pay structures vary: some loan officers receive a flat salary, while others earn a base salary plus commission on each loan they originate.
Sources: BLS OOH: Loan officers.
Loan officer pay varies with employer and loan volume, so no single figure applies. Most mortgage loan officers are paid substantially on commission based on the loans they close, so earnings rise and fall with interest rates and the volume of business in the local housing market.
Sources: Ga. Comp. R. & Regs. 80-11-5: Mortgage loan originator licensure and other requirements; Ga. Comp. R. & Regs. 80-5-1-.02: License and supervision fees (LII mirror).
Most loan officers earn commission on the loans they close, commonly 1% to 2% of the loan amount, so income scales directly with how much business they originate. Pay varies widely by market, employer, and loan volume, with national averages for the role in the high five figures.
Sources: NMLS: Idaho state-specific PE and CE requirements for MLOs; Idaho DOF Guidance Statement 2020-01-CFB: financial responsibility/fitness of MLOs and key individuals.
Mortgage loan officer pay varies widely by market and employer. Commissions commonly run 1% to 2% of the loan amount, so annual income depends on loan volume and the employer's compensation plan, and earnings differ from market to market and year to year.
Sources: Indiana DFI: MLO FAQ (updated 08/26/2025); NMLS: Indiana (IN - DFI) state-specific PE and CE requirements for MLOs.
Loan officers earned a median of $76,690 per year, or $36.87 per hour, in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned under $39,430, and the highest 10% earned over $153,180. Among the roughly 80% of loan officers working in credit intermediation and related activities, the median was $76,070.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The median annual wage for loan officers was $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics. Loan officers held about 283,000 jobs in 2025, and employment is projected to grow 1% from 2025 to 2035. About 17,100 openings arise each year, mostly from replacement needs.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The median annual wage for loan officers was $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics, which equals $36.87 per hour. The lowest 10 percent earned under $39,430, and the highest 10 percent earned over $153,180. Loan officers typically need a bachelor's degree, usually in business or finance, plus on-the-job training.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Loan officers earned a median annual wage of $76,690 in May 2025, according to the Bureau of Labor Statistics. The lowest 10% earned under $39,430, and the highest 10% earned over $153,180. About 283,000 loan officers held jobs in 2025, mostly in credit intermediation such as banks and mortgage companies.
Sources: Cape School — Maryland Mortgage Loan Originator Continuing Education (state requirements page).
Loan officers earned a median of $76,690 per year, or $36.87 per hour, in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. About 80% work in credit intermediation at banks, savings institutions, and mortgage companies.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Loan officers earned a median of $76,690 per year ($36.87 per hour) in 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned under $39,430, and the highest 10% earned over $153,180.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
The U.S. Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, or $36.87 per hour. The lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. Pay structures vary: some loan officers earn a flat salary, while others earn a base salary plus commission per loan originated.
Sources: BLS OOH: Loan officers.
The median annual wage for loan officers was $76,690 as of May 2025, according to the U.S. Bureau of Labor Statistics. The field employed about 283,000 loan officers in 2025 and projects about 17,100 openings per year. Pay varies by market, employer, and commission structure.
Sources: BLS OOH: Loan officers.
The Bureau of Labor Statistics put median loan officer income at $65,740 as of May 2022. Loan officers and brokers also commonly earn commissions of 1% to 2% of the loan amount. Pay varies with loan volume and commission structure, so individual results differ widely.
Sources: NAR — What Is a Mortgage Broker?.
Loan officers earned a median annual wage of $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics. Pay varies widely: the lowest 10% earned less than $39,430, and the highest 10% earned more than $153,180. Some loan officers earn a flat salary, while others earn a base salary plus commission tied to the loans they originate or how those loans perform.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
North Carolina loan officers earn a median of $75,920 per year, with the 10th percentile at $43,270 and the 90th percentile at $130,480. Nationally, the median annual wage for loan officers was $76,690 as of May 2025. Mortgage loan officer pay is generally commission-based, so earnings vary with loan volume.
Sources: NC Careers — Occupation Profile (Loan Officers); BLS OOH: Loan officers.
Most mortgage loan officers earn commission-based pay, commonly 1% to 2% of the loan amount, often split with the broker. Total earnings vary widely with loan volume, market, and role, so year-to-year pay differs sharply from loan officer to loan officer.
Sources: NDCC Chapter 13-10: Mortgage Loan Originators (North Dakota Century Code); N.D. Admin. Code 13-08-01-01: Mortgage Loan Originator Fees.
There is no fixed salary for mortgage loan officers. Most positions, especially entry-level ones, pay on commission, so earnings depend on the number and size of loans closed rather than a set wage. Income varies with loan volume, commission structure, and local market conditions.
Sources: Oklahoma DOCC: Mortgage Loan Originator license page; NMLS: Oklahoma state-specific PE and CE requirements for MLOs.
Nationally, loan officers earned a median annual wage of $69,990 and a mean of $84,490 as of May 2023, according to the Bureau of Labor Statistics. The only metro area in the Bureau's data that extends into Rhode Island, Norwich-New London-Westerly, CT-RI, employed 150 loan officers at a mean annual wage of $120,070. Most loan officers are also paid commission, commonly 1% to 2% of each loan amount, so total earnings vary widely with volume.
Sources: BLS OEWS: Loan Officers (13-2072), May 2023.
Texas loan officers earned a median annual wage of $66,374 in 2025, or $31.91 per hour, according to the Texas Workforce Commission. That is below the national median hourly wage of $36.87. The state projects loan officer employment to grow from 22,844 in 2024 to 24,919 by 2034, with about 1,762 openings per year.
Sources: Texas Career Check — Loan Officers occupation summary (Texas Workforce Commission).
Loan officers earned a median annual wage of $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics. Loan officers held about 283,000 jobs in 2025, and employment is projected to grow 1% from 2025 to 2035. Pay varies widely because many loan officers earn commission on the loans they close.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Loan officers earned a median of $76,690 per year ($36.87 per hour) as of May 2025, according to the U.S. Bureau of Labor Statistics. Wages ranged from $39,430 at the 10th percentile to $153,180 at the 90th percentile, and total pay often includes commission on loans closed.
Sources: BLS OOH: Loan Officers.
Loan officer pay is largely commission-based, commonly 1% to 2% of the loan amount for each loan closed. Actual income varies with loan volume, market conditions, and company compensation plans. National averages place loan officers somewhat below mortgage brokers, though individual earnings differ by market and role.
Sources: W. Va. Code 31-17A-4: State license application and issuance (SAFE Mortgage Licensing Act); W. Va. Code 31-17A-5: Issuance of license (required findings).
The median annual wage for loan officers was $76,690 in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned under $39,430, and the highest 10% earned over $153,180. Loan officers held about 283,000 jobs in 2025, roughly 80% of them in credit intermediation such as banks and mortgage companies.
Sources: BLS OOH: Loan officers.
Loan officers nationwide earned a median annual wage of $69,990 and a mean annual wage of $84,490 in May 2023, according to the U.S. Bureau of Labor Statistics. Pay ranged from $37,020 at the 10th percentile to $139,470 at the 90th percentile. These figures cover loan officers generally, including mortgage loan officers.
Sources: BLS OEWS: Loan Officers (13-2072), May 2023.