Loan Officer salary in El Paso, TX
Loan Officers in the El Paso, TX metro area earn a median of $58,910 a year ($28.32 an hour), based on BLS data for 370 workers.
Pay ranges from $33,850 for the lowest-paid 10% to $101,430 for the top 10%. That is 23% lower than the national median of $76,690. Pay here is 11% lower than the Texas statewide median of $66,370. There are 1.1 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.62). The average (mean) salary is $64,070, above the median because a few high earners pull it up.
Pay range for loan officers in El Paso, TX
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $33,850 | $16.28 |
| 25th percentile | $47,740 | $22.95 |
| Median | $58,910 | $28.32 |
| 75th percentile | $74,220 | $35.69 |
| 90th percentile (top earners) | $101,430 | $48.76 |
| Average (mean) | $64,070 | $30.80 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $4,909.17 |
| Semi-monthly (24 a year) | $2,454.58 |
| Biweekly (26 a year) | $2,265.77 |
| Weekly | $1,132.88 |
| Hourly | $28.32 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Dallas-Fort Worth-Arlington, TX | $73,930 | 8,370 |
| Midland, TX | $72,030 | 80 |
| Victoria, TX | $70,790 | 60 |
| Sherman-Denison, TX | $69,900 | 50 |
| Waco, TX | $68,210 | 120 |
| Houston-Pasadena-The Woodlands, TX | $67,560 | 3,410 |
| College Station-Bryan, TX | $67,060 | 120 |
| San Antonio-New Braunfels, TX | $66,810 | 1,510 |
| Longview, TX | $66,620 | 180 |
| Laredo, TX | $64,170 | 50 |
| Brownsville-Harlingen, TX | $64,000 | 100 |
| Lubbock, TX | $63,520 | 280 |
| McAllen-Edinburg-Mission, TX | $61,500 | 250 |
| Amarillo, TX | $61,160 | 160 |
| San Angelo, TX | $60,860 | 50 |
| Killeen-Temple, TX | $60,750 | 170 |
| Beaumont-Port Arthur, TX | $60,440 | 200 |
| Austin-Round Rock-San Marcos, TX | $59,210 | 1,890 |
| Texarkana, TX-AR | $58,350 | 90 |
| Wichita Falls, TX | $58,240 | 70 |
| Corpus Christi, TX | $55,530 | 250 |
| Abilene, TX | $55,230 | 150 |
| Tyler, TX | $51,870 | 130 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Texas statewide figures.
Related jobs in El Paso, TX
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $65,990 | $31.73 |
| Financial and Investment Analysts | $79,320 | $38.13 |
| Financial Specialists, All Other | $63,000 | $30.29 |
| Personal Financial Advisor | $99,700 | $47.93 |
| Budget Analyst | $77,960 | $37.48 |
| Property Appraisers and Assessors | $61,380 | $29.51 |
| Credit Analyst | $49,470 | $23.79 |
| Credit Counselor | $44,510 | $21.40 |
| Financial Examiner | $61,060 | $29.36 |
| Financial Risk Specialist | $89,850 | $43.20 |
| Tax Preparer | $59,990 | $28.84 |
| Compliance Officer | $73,920 | $35.54 |
| Business Operations Specialists, All Other | $77,750 | $37.38 |
| Project Management Specialist | $79,920 | $38.42 |
More: Business and Financial Operations Occupations · all salaries in El Paso, TX
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in El Paso, TX?
The median salary for loan officers in the El Paso, TX metro area is $58,910 a year, or $28.32 an hour. Pay ranges from $33,850 for the lowest-paid 10% to $101,430 for the top 10%.
How much do the highest-paid loan officers make in El Paso, TX?
The top 10% of loan officers in the El Paso, TX metro area earn at least $101,430 a year. The top 25% earn $74,220 or more.
What is the starting pay for loan officers in El Paso, TX?
Entry-level pay (the 10th percentile) is about $33,850 a year, and a quarter of loan officers earn $47,740 or less.
How many loan officers work in El Paso, TX?
About 370 loan officers are employed in the El Paso, TX metro area, not counting the self-employed.