How Much Does a Commercial Loan Officer Make? Salary by State
Median annual salary (U.S.)
$76,690
Commercial loan officers in the U.S. earn a median of $76,690 a year, or $36.87 an hour. Half of commercial loan officers earn more than $76,690 and half earn less. The top 10% make more than $153,180.
Pay percentiles for commercial loan officers
| Percentile | Hourly | Annual |
|---|---|---|
| 10th | $18.96 | $39,430 |
| 25th | $25.35 | $52,730 |
| 50th (median) | $36.87 | $76,690 |
| 75th | $50.04 | $104,080 |
| 90th | $73.65 | $153,180 |
U.S. wages, May 2025. BLS occupation: Loan Officers (SOC 13-2072). Source: BLS Occupational Employment and Wage Statistics (OEWS)
Highest-paying states for commercial loan officers
| State | Median annual | Median hourly | vs. U.S. |
|---|---|---|---|
| Massachusetts | $101,600 | $48.85 | +32% |
| Connecticut | $95,730 | $46.03 | +25% |
| New York | $95,710 | $46.01 | +25% |
| Minnesota | $95,170 | $45.76 | +24% |
| Colorado | $94,520 | $45.44 | +23% |
| Oregon | $94,440 | $45.40 | +23% |
| New Jersey | $92,920 | $44.67 | +21% |
| District of Columbia | $92,890 | $44.66 | +21% |
| Vermont | $88,710 | $42.65 | +16% |
| Kansas | $86,970 | $41.81 | +13% |
| United States | $76,690 | $36.87 | — |
Top 10 states by median annual wage, May 2025. Source: BLS Occupational Employment and Wage Statistics (OEWS)
How many commercial loan officers are there?
BLS counts about 274,330 commercial loan officers employed in the U.S. (May 2025, excluding the self-employed). These figures cover the BLS occupation “Loan Officers”. The most jobs are in California (25,790), Texas (21,200) and Florida (18,830).
The mean (average) annual wage is $87,790, higher than the median of $76,690.
Hourly to annual pay calculator
Per year
- Monthly
- $6,391
- Biweekly
- $2,950
- Weekly
- $1,475
- Daily (8 hours)
- $295
- Hours per year
- 2,080
BLS annual figure; hourly × 2,080 may differ slightly.
Frequently asked questions
How much do commercial loan officers make an hour?
The median hourly wage for commercial loan officers is $36.87. The middle 50% earn between $25.35 and $50.04 an hour.
Which state pays commercial loan officers the most?
Massachusetts has the highest median wage for commercial loan officers at $101,600, +32% vs. the U.S. median.
What is the starting salary for commercial loan officers?
BLS does not report pay by experience, but the lowest-paid 10% of commercial loan officers earn less than $39,430 a year, a common proxy for entry-level pay.