Loan Officer salary in Roanoke, VA
Loan Officers in the Roanoke, VA metro area earn a median of $64,720 a year ($31.12 an hour), based on BLS data for 320 workers.
Pay ranges from $40,220 for the lowest-paid 10% to $121,250 for the top 10%. That is 16% lower than the national median of $76,690. Pay here is 17% lower than the Virginia statewide median of $78,320. There are 2.1 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $74,350, above the median because a few high earners pull it up.
Pay range for loan officers in Roanoke, VA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $40,220 | $19.34 |
| 25th percentile | $53,390 | $25.67 |
| Median | $64,720 | $31.12 |
| 75th percentile | $88,710 | $42.65 |
| 90th percentile (top earners) | $121,250 | $58.29 |
| Average (mean) | $74,350 | $35.75 |
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 | $5,393.33 |
| Semi-monthly (24 a year) | $2,696.67 |
| Biweekly (26 a year) | $2,489.23 |
| Weekly | $1,244.62 |
| Hourly | $31.12 |
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 |
| 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 |
| Lynchburg, VA | $58,550 | 140 |
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 Roanoke, VA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,240 | $37.14 |
| Financial and Investment Analysts | $75,500 | $36.30 |
| Financial Specialists, All Other | $65,170 | $31.33 |
| Personal Financial Advisor | $91,690 | $44.08 |
| Property Appraisers and Assessors | $53,070 | $25.52 |
| Insurance Underwriter | $66,670 | $32.06 |
| Tax Examiners and Collectors, and Revenue Agents | $49,940 | $24.01 |
| Credit Analyst | $81,680 | $39.27 |
| Tax Preparer | $53,630 | $25.78 |
| Budget Analyst | $76,600 | $36.83 |
| Financial Examiner | $97,030 | $46.65 |
| Credit Counselor | $48,400 | $23.27 |
| Project Management Specialist | $91,170 | $43.83 |
| Business Operations Specialists, All Other | $65,190 | $31.34 |
More: Business and Financial Operations Occupations · all salaries in Roanoke, 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 Roanoke, VA?
The median salary for loan officers in the Roanoke, VA metro area is $64,720 a year, or $31.12 an hour. Pay ranges from $40,220 for the lowest-paid 10% to $121,250 for the top 10%.
How much do the highest-paid loan officers make in Roanoke, VA?
The top 10% of loan officers in the Roanoke, VA metro area earn at least $121,250 a year. The top 25% earn $88,710 or more.
What is the starting pay for loan officers in Roanoke, VA?
Entry-level pay (the 10th percentile) is about $40,220 a year, and a quarter of loan officers earn $53,390 or less.
How many loan officers work in Roanoke, VA?
About 320 loan officers are employed in the Roanoke, VA metro area, not counting the self-employed.