Loan Officer salary in Maine
Loan Officers in Maine earn a median of $81,900 a year ($39.38 an hour), based on BLS data for 1,060 workers.
Pay ranges from $46,710 for the lowest-paid 10% to $140,680 for the top 10%. That is 7% higher than the national median of $76,690. Maine ranks 14th of 51 states for loan officers pay. There are 1.6 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $88,830, above the median because a few high earners pull it up.
Pay range for loan officers in Maine
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $46,710 | $22.46 |
| 25th percentile | $60,120 | $28.91 |
| Median | $81,900 | $39.38 |
| 75th percentile | $108,400 | $52.12 |
| 90th percentile (top earners) | $140,680 | $67.63 |
| Average (mean) | $88,830 | $42.71 |
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 | $6,825 |
| Semi-monthly (24 a year) | $3,412.50 |
| Biweekly (26 a year) | $3,150 |
| Weekly | $1,575 |
| Hourly | $39.38 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in Maine
| Metro area | Median salary | Workers |
|---|---|---|
| Lewiston-Auburn, ME | $96,990 | 100 |
| Portland-South Portland, ME | $84,620 | 430 |
| Bangor, ME | $75,860 | 120 |
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 |
Related jobs in Maine
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,480 | $37.25 |
| Financial Specialists, All Other | $109,060 | $52.43 |
| Financial and Investment Analysts | $88,320 | $42.46 |
| Insurance Underwriter | $95,510 | $45.92 |
| Tax Examiners and Collectors, and Revenue Agents | $63,290 | $30.43 |
| Credit Analyst | $81,750 | $39.30 |
| Tax Preparer | $47,150 | $22.67 |
| Financial Examiner | $80,840 | $38.87 |
| Property Appraisers and Assessors | $80,930 | $38.91 |
| Budget Analyst | $88,130 | $42.37 |
| Credit Counselor | $55,490 | $26.68 |
| Financial Risk Specialist | $141,020 | $67.80 |
| Business Operations Specialists, All Other | $78,830 | $37.90 |
| Human Resources Specialist | $71,630 | $34.44 |
More: Business and Financial Operations Occupations · all salaries in Maine
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 Maine?
The median salary for loan officers in Maine is $81,900 a year, or $39.38 an hour. Pay ranges from $46,710 for the lowest-paid 10% to $140,680 for the top 10%.
How much do the highest-paid loan officers make in Maine?
The top 10% of loan officers in Maine earn at least $140,680 a year. The top 25% earn $108,400 or more.
What is the starting pay for loan officers in Maine?
Entry-level pay (the 10th percentile) is about $46,710 a year, and a quarter of loan officers earn $60,120 or less.
How many loan officers work in Maine?
About 1,060 loan officers are employed in Maine, not counting the self-employed.