Texas has the second-highest median income for loan officers in the country, at $57,000. The state’s location and economy have a lot to do with this—Texas is a hub of energy and other industries that depend on loans from local and national banks. The state also has a large amount of young professionals who are just starting out and looking for mortgage loans.
The average cost of housing in Texas is about $130,000 per year, so if you’re looking for an entry-level position as a loan officer in Texas, expect to earn between $47,600 and $54,400 annually.
If you have more experience as a loan officer or have other skills that lend themselves to this industry, there are plenty of opportunities for you in Texas. According to PayScale’s salary data, mortgage loan officers earn between $56,000 and $60,000 annually in Houston alone—and that’s just one city!
Loan Officer Salary In Texas
Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| Top Earners | $130,213 | $10,851 | $2,504 | $63 |
| 75th Percentile | $86,809 | $7,234 | $1,669 | $42 |
| Average | $68,540 | $5,711 | $1,318 | $33 |
| 25th Percentile | $37,762 | $3,146 | $726 | $18 |
How much does a LOAN Officer make in Texas?
As of Jun 20, 2022, the average annual pay for a LOAN Officer in Texas is $68,541 a year. Just in case you need a simple salary calculator, that works out to be approximately $32.95 an hour. This is the equivalent of $1,318/week or $5,712/month.
While ZipRecruiter is seeing salaries as high as $217,023 and as low as $16,494, the majority of LOAN Officer salaries currently range between $37,762 (25th percentile) to $86,809 (75th percentile) with top earners (90th percentile) making $130,213 annually in Texas.
The average pay range for a LOAN Officer varies greatly (as much as $49,047), 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 Texas is not very active as few companies are currently hiring.
Texas ranks number 48 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 Texas
We’ve identified 10 cities where the typical salary for a LOAN Officer job is above the average in Texas. Topping the list is Midland, with Houston and Grand Prairie close behind in second and third. Grand Prairie beats the Texas average by 28.6%, and Midland furthers that trend with another $25,537 (37.3%) above the $68,541.
With these 10 cities paying on average above the average for Texas, 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 13% between Midland and Arlington, 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 |
|---|---|---|---|---|
| Midland | $94,078 | $7,840 | $1,809 | $45.23 |
| Houston | $91,880 | $7,657 | $1,767 | $44.17 |
| Grand Prairie | $88,127 | $7,344 | $1,695 | $42.37 |
| Killeen | $86,531 | $7,211 | $1,664 | $41.60 |
| Garland | $85,912 | $7,159 | $1,652 | $41.30 |
| Abilene | $83,948 | $6,996 | $1,614 | $40.36 |
| Dallas | $82,606 | $6,884 | $1,589 | $39.71 |
| Fort Worth | $82,485 | $6,874 | $1,586 | $39.66 |
| Odessa | $82,375 | $6,865 | $1,584 | $39.60 |
| Arlington | $82,243 | $6,854 | $1,582 | $39.54 |
