Loan Officer salary in Virginia
Loan Officers in Virginia earn a median of $78,320 a year ($37.66 an hour), based on BLS data for 8,790 workers.
Pay ranges from $40,190 for the lowest-paid 10% to $157,070 for the top 10%. That is 2% higher than the national median of $76,690. Virginia ranks 22nd of 51 states for loan officers pay. There are 2.1 loan officers per 1,000 jobs here — the job is 1.2× more common than nationally. The average (mean) salary is $90,090, above the median because a few high earners pull it up.
Pay range for loan officers in Virginia
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $40,190 | $19.32 |
| 25th percentile | $57,200 | $27.50 |
| Median | $78,320 | $37.66 |
| 75th percentile | $109,380 | $52.59 |
| 90th percentile (top earners) | $157,070 | $75.51 |
| Average (mean) | $90,090 | $43.31 |
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 | $6,526.67 |
| Semi-monthly (24 a year) | $3,263.33 |
| Biweekly (26 a year) | $3,012.31 |
| Weekly | $1,506.15 |
| Hourly | $37.66 |
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 Virginia
| 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 |
| 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 |
Related jobs in Virginia
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $93,290 | $44.85 |
| Financial and Investment Analysts | $105,490 | $50.72 |
| Personal Financial Advisor | $102,640 | $49.35 |
| Financial Specialists, All Other | $92,930 | $44.68 |
| Budget Analyst | $105,470 | $50.71 |
| Insurance Underwriter | $81,870 | $39.36 |
| Credit Analyst | $102,430 | $49.25 |
| Tax Preparer | $58,520 | $28.13 |
| Tax Examiners and Collectors, and Revenue Agents | $59,610 | $28.66 |
| Financial Risk Specialist | $126,510 | $60.82 |
| Property Appraisers and Assessors | $76,080 | $36.58 |
| Financial Examiner | $104,060 | $50.03 |
| Credit Counselor | $51,550 | $24.78 |
| Management Analyst | $117,580 | $56.53 |
More: Business and Financial Operations Occupations · all salaries in Virginia
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 Virginia?
The median salary for loan officers in Virginia is $78,320 a year, or $37.66 an hour. Pay ranges from $40,190 for the lowest-paid 10% to $157,070 for the top 10%.
How much do the highest-paid loan officers make in Virginia?
The top 10% of loan officers in Virginia earn at least $157,070 a year. The top 25% earn $109,380 or more.
What is the starting pay for loan officers in Virginia?
Entry-level pay (the 10th percentile) is about $40,190 a year, and a quarter of loan officers earn $57,200 or less.
How many loan officers work in Virginia?
About 8,790 loan officers are employed in Virginia, not counting the self-employed.