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Updated July 17, 2024

Loan Officers Salaries

Bloomington, Indiana, US

Average Base Pay


38.06% above national average

Additional Cash Compensation

Average: $79,170

Range: $44,000-$175,340


How much does a Loan Officers role make in Bloomington, Indiana, US?

Career Ladder Pay for Loan Officers Roles

A person in an entry-level Loan Officers role with under one year of job experience can expect to make an average annual salary of $44,000. A Loan Officers candidate with 1-4 years of experience makes an average total salary of $55,950. A person in a mid-career Loan Officers role with 5-9 years of experience makes an average salary of $79,170 a year. Loan Officers with 10 or more years of experience make an average of $108,970. In their late career (over 20 years of experience), a person in a Loan Officers role’s annual salary averages $175,340 per year.

What is the average Loan Officers salary in Bloomington, Indiana, US?

Average base salary, as of 2024 : $79,170

Salary Breakdown

  Average base salary (percentile)
Annual salary$19,793$39,585$59,378
Monthly salary$1,649$3,299$4,948
Weekly salary$412$825$1,237
Hourly salary$59$118$177

Where can a Loan Officers role earn more money?


Similar jobs with comparable annual salaries.


Will extra certification for Loan Officers roles boost salary?

While certifications are not required for every Loan Officers position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.

Is the Loan Officers position in high demand?

The current Bureau of Labor Statistics states the salary is $79,170 higher than the national average for Loan Officers positions.

Is there advancement potential for a Loan Officers role?

Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Loan Officers roles that can advance both internally and with another company.

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