Loan officers in California can earn a salary of $83,000 per year. Loan officers in California are responsible for processing and closing loans for potential borrowers. They work with banks, credit unions, and other financial institutions to ensure that their customers have access to the funds they need.
The average loan officer salary in California is $83,000 per year. This amount can vary depending on experience level and location within the state.
Loan Officer Salary In California
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| Top Earners | $148,990 | $12,415 | $2,865 | $72 |
| 75th Percentile | $99,327 | $8,277 | $1,910 | $48 |
| Average | $78,214 | $6,517 | $1,504 | $38 |
| 25th Percentile | $43,207 | $3,600 | $830 | $21 |
How much does a LOAN Officer make in California?
As of Jun 20, 2022, the average annual pay for a LOAN Officer in California is $78,214 a year. Just in case you need a simple salary calculator, that works out to be approximately $37.60 an hour. This is the equivalent of $1,504/week or $6,518/month.
While ZipRecruiter is seeing salaries as high as $248,318 and as low as $18,872, the majority of LOAN Officer salaries currently range between $43,207 (25th percentile) to $99,327 (75th percentile) with top earners (90th percentile) making $148,990 annually in California.
The average pay range for a LOAN Officer varies greatly (as much as $56,120), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job posting activity on ZipRecruiter, the LOAN Officer job market in California is not very active as few companies are currently hiring.
California ranks number 28 out of 50 states nationwide for LOAN Officer salaries.
To estimate the most accurate annual salary range for LOAN Officer jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as a LOAN Officer on ZipRecruiter today.
What are Top 10 Highest Paying Cities for LOAN Officer Jobs in California
We’ve identified 10 cities where the typical salary for a LOAN Officer job is above the average in California. Topping the list is San Jose, with Oakland and Hayward close behind in second and third. Hayward beats the California average by 29.3%, and San Jose furthers that trend with another $25,958 (33.2%) above the $78,214.
With these 10 cities paying on average above the average for California, the opportunities for economic advancement by changing locations as a LOAN Officer appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top 10 cities varies very little at 7% between San Jose and Santa Cruz, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a LOAN Officer role.
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| San Jose | $104,172 | $8,681 | $2,003 | $50.08 |
| Oakland | $103,094 | $8,591 | $1,983 | $49.56 |
| Hayward | $101,128 | $8,427 | $1,945 | $48.62 |
| Vallejo | $100,814 | $8,401 | $1,939 | $48.47 |
| Santa Barbara | $99,879 | $8,323 | $1,921 | $48.02 |
| Sunnyvale | $99,663 | $8,305 | $1,917 | $47.91 |
| Concord | $99,383 | $8,282 | $1,911 | $47.78 |
| Seaside | $97,495 | $8,125 | $1,875 | $46.87 |
| Santa Rosa | $97,286 | $8,107 | $1,871 | $46.77 |
| Santa Cruz | $96,907 | $8,076 | $1,864 | $46.59 |
