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Updated May 31, 2023

Loan Officers Salaries

Lansing-East Lansing, Michigan, US

Average Base Pay


24.15% above national average

Additional Cash Compensation

Average: $50,230

Range: $31,130-$95,830


How much does a Loan Officers role make in Lansing-East Lansing, Michigan, 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 $31,130. A Loan Officers candidate with 1-4 years of experience makes an average total salary of $37,760. A person in a mid-career Loan Officers role with 5-9 years of experience makes an average salary of $50,230 a year. Loan Officers with 10 or more years of experience make an average of $71,210. In their late career (over 20 years of experience), a person in a Loan Officers role’s annual salary averages $95,830 per year.

What is the average Loan Officers salary in Lansing-East Lansing, Michigan, US?

Average base salary, as of 2023 : $50,230

Salary Breakdown

  Average base salary (percentile)
Annual salary$12,558$25,115$37,673
Monthly salary$1,046$2,093$3,139
Weekly salary$262$523$785
Hourly salary$37$75$112

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 $50,230 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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