Loan Officer salary in Lynchburg, VA
Loan Officers in the Lynchburg, VA metro area earn a median of $58,550 a year ($28.15 an hour), based on BLS data for 140 workers.
Pay ranges from $40,960 for the lowest-paid 10% to $97,320 for the top 10%. That is 24% lower than the national median of $76,690. Pay here is 25% lower than the Virginia statewide median of $78,320. There are 1.4 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.79). The average (mean) salary is $67,250, above the median because a few high earners pull it up.
Pay range for loan officers in Lynchburg, VA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $40,960 | $19.69 |
| 25th percentile | $54,070 | $25.99 |
| Median | $58,550 | $28.15 |
| 75th percentile | $77,040 | $37.04 |
| 90th percentile (top earners) | $97,320 | $46.79 |
| Average (mean) | $67,250 | $32.33 |
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 | $4,879.17 |
| Semi-monthly (24 a year) | $2,439.58 |
| Biweekly (26 a year) | $2,251.92 |
| Weekly | $1,125.96 |
| Hourly | $28.15 |
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 |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $97,800 | 5,000 |
| Blacksburg-Christiansburg-Radford, VA | $85,610 | 90 |
| Richmond, VA | $69,610 | 1,480 |
| Harrisonburg, VA | $65,010 | 100 |
| Roanoke, VA | $64,720 | 320 |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | $64,080 | 1,260 |
| Staunton-Stuarts Draft, VA | $63,390 | 70 |
| Winchester, VA-WV | $63,320 | 280 |
| Charlottesville, VA | $60,610 | 480 |
| Kingsport-Bristol, TN-VA | $60,250 | 260 |
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 Virginia statewide figures.
Related jobs in Lynchburg, VA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $78,990 | $37.98 |
| Financial and Investment Analysts | $82,830 | $39.82 |
| Personal Financial Advisor | $89,650 | $43.10 |
| Tax Examiners and Collectors, and Revenue Agents | $49,120 | $23.62 |
| Project Management Specialist | $94,690 | $45.52 |
| Human Resources Specialist | $69,490 | $33.41 |
| Market Research Analysts and Marketing Specialists | $60,310 | $29.00 |
| Business Operations Specialists, All Other | $60,250 | $28.97 |
| Buyers and Purchasing Agents | $70,760 | $34.02 |
| Management Analyst | $84,990 | $40.86 |
| Compliance Officer | $63,780 | $30.66 |
| Training and Development Specialists | $72,580 | $34.90 |
| Cost Estimator | $74,570 | $35.85 |
| Claims Adjusters, Examiners, and Investigators | $65,190 | $31.34 |
More: Business and Financial Operations Occupations · all salaries in Lynchburg, VA
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 Lynchburg, VA?
The median salary for loan officers in the Lynchburg, VA metro area is $58,550 a year, or $28.15 an hour. Pay ranges from $40,960 for the lowest-paid 10% to $97,320 for the top 10%.
How much do the highest-paid loan officers make in Lynchburg, VA?
The top 10% of loan officers in the Lynchburg, VA metro area earn at least $97,320 a year. The top 25% earn $77,040 or more.
What is the starting pay for loan officers in Lynchburg, VA?
Entry-level pay (the 10th percentile) is about $40,960 a year, and a quarter of loan officers earn $54,070 or less.
How many loan officers work in Lynchburg, VA?
About 140 loan officers are employed in the Lynchburg, VA metro area, not counting the self-employed.