Loan Officers Salary in District of Columbia

How much does a Loan Officers make in District of Columbia?

Last updated: 2024 data from the Bureau of Labor Statistics

$100,210

Median Annual Salary

$181,550

Mean Salary

$100,210

Median Salary

$48.18

Hourly Rate

380 people work as Loan Officers in District of Columbia

About This Job: Loan Officers

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.

Top Skills

Active Listening

4.0

Speaking

4.0

Reading Comprehension

3.88

Judgment and Decision Making

3.88

Critical Thinking

3.75

Key Knowledge Areas

Customer and Personal Service

4.7

Economics and Accounting

3.86

English Language

3.77

Mathematics

3.69

Sales and Marketing

3.47

Typical Education: Bachelor's Degree (68.7% of workers)

Source: O*NET OnLine, U.S. Department of Labor

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What does this salary really buy? See Loan Officers salary in District of Columbia adjusted for cost of living →

How much do you actually take home? See Loan Officers take-home pay in District of Columbia after taxes →

Loan Officers Salary by State

Compare Loan Officers pay across states — sorted by highest median salary.

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Frequently Asked Questions

How much does a Loan Officers make in District of Columbia?

The median annual salary for a Loan Officers in District of Columbia is $100,210 as of 2024. The average (mean) salary is $181,550.

What is the starting salary for a Loan Officers in District of Columbia?

Entry-level Loan Officers positions in District of Columbia typically start around $37,870 (10th percentile). With some experience, salaries rise to $62,660 (25th percentile).

How many people work as Loan Officers in District of Columbia?

According to 2024 BLS data, approximately 380 people are employed as Loan Officers in District of Columbia.

What is the hourly rate for a Loan Officers in District of Columbia?

Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in District of Columbia is approximately $48.18 per hour.

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.

Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.

Our Methodology · Data Sources · Source: BLS OEWS