Loan Officer salary in Washington
Loan Officers in Washington earn a median of $80,120 a year ($38.52 an hour), based on BLS data for 6,040 workers.
Pay ranges from $39,000 for the lowest-paid 10% to $162,240 for the top 10%. That is 4% higher than the national median of $76,690. Washington ranks 17th of 51 states for loan officers pay. There are 1.7 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $94,320, above the median because a few high earners pull it up.
Pay range for loan officers in Washington
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $39,000 | $18.75 |
| 25th percentile | $61,450 | $29.55 |
| Median | $80,120 | $38.52 |
| 75th percentile | $121,170 | $58.26 |
| 90th percentile (top earners) | $162,240 | $78.00 |
| Average (mean) | $94,320 | $45.35 |
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 | $6,676.67 |
| Semi-monthly (24 a year) | $3,338.33 |
| Biweekly (26 a year) | $3,081.54 |
| Weekly | $1,540.77 |
| Hourly | $38.52 |
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 Washington
| Metro area | Median salary | Workers |
|---|---|---|
| Portland-Vancouver-Hillsboro, OR-WA | $96,100 | 2,840 |
| Mount Vernon-Anacortes, WA | $84,060 | 80 |
| Seattle-Tacoma-Bellevue, WA | $83,720 | 3,110 |
| Walla Walla, WA | $82,730 | 60 |
| Wenatchee-East Wenatchee, WA | $82,170 | 90 |
| Longview-Kelso, WA | $78,940 | 90 |
| Yakima, WA | $78,850 | 100 |
| Bellingham, WA | $77,670 | 210 |
| Spokane-Spokane Valley, WA | $77,220 | 680 |
| Bremerton-Silverdale-Port Orchard, WA | $75,010 | 140 |
| Lewiston, ID-WA | $74,190 | 60 |
| Olympia-Lacey-Tumwater, WA | $74,130 | 200 |
| Kennewick-Richland, WA | $72,690 | 230 |
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 Washington
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $96,550 | $46.42 |
| Financial and Investment Analysts | $107,210 | $51.54 |
| Personal Financial Advisor | $114,050 | $54.83 |
| Financial Specialists, All Other | $80,930 | $38.91 |
| Insurance Underwriter | $99,400 | $47.79 |
| Budget Analyst | $96,640 | $46.46 |
| Tax Preparer | $45,370 | $21.81 |
| Credit Analyst | $91,160 | $43.83 |
| Property Appraisers and Assessors | $83,710 | $40.25 |
| Financial Risk Specialist | $123,150 | $59.21 |
| Tax Examiners and Collectors, and Revenue Agents | $72,850 | $35.03 |
| Credit Counselor | $62,360 | $29.98 |
| Financial Examiner | $113,700 | $54.66 |
| Business Operations Specialists, All Other | $100,360 | $48.25 |
More: Business and Financial Operations Occupations · all salaries in Washington
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 Washington?
The median salary for loan officers in Washington is $80,120 a year, or $38.52 an hour. Pay ranges from $39,000 for the lowest-paid 10% to $162,240 for the top 10%.
How much do the highest-paid loan officers make in Washington?
The top 10% of loan officers in Washington earn at least $162,240 a year. The top 25% earn $121,170 or more.
What is the starting pay for loan officers in Washington?
Entry-level pay (the 10th percentile) is about $39,000 a year, and a quarter of loan officers earn $61,450 or less.
How many loan officers work in Washington?
About 6,040 loan officers are employed in Washington, not counting the self-employed.