Business & Finance Huntsville, AL Pop. 216,963

Loan Officer Salary in Huntsville, Alabama

The median loan officer salary in Huntsville, AL is $60,481 per year, which is 8% below the national median and 5.7% above the Alabama state average.

City Median
$60,481
vs State Avg
+$3,287
vs National
$-5,259
Cost of Living
92%

Loan Officer Salary in Huntsville by Experience

In Huntsville, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national

Salary Percentiles in Huntsville, AL

Percentile Huntsville
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

Loan Officer Salary in Other Alabama Cities

Birmingham, AL
$59,166
Pop. 197,575
Tuscaloosa, AL
$57,851
Pop. 101,129
Montgomery, AL
$56,536
Pop. 200,603
Mobile, AL
$55,879
Pop. 187,041

How to Become a Loan Officer in Huntsville

Education

Most loan officer positions require a bachelor's degree. Huntsville and the surrounding Alabama area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Huntsville may vary based on local industry and population growth.

Find Loan Officer Jobs in Huntsville

Browse open loan officer positions in Huntsville, AL:

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Frequently Asked Questions: Loan Officer Salary in Huntsville

How much does a Loan Officer make in Huntsville, AL? ▼
The median loan officer salary in Huntsville, Alabama is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).
How much does a Loan Officer make per hour in Huntsville? ▼
Based on the median annual salary of $60,481, a loan officer in Huntsville earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Huntsville compare to the Alabama state average for loan officer pay? ▼
Huntsville's median loan officer salary of $60,481 is 5.7% above the Alabama state average of $57,194. The local cost of living index is 92% of the national average.
What is the cost of living in Huntsville, AL? ▼
Huntsville has a cost of living index of 92% compared to the national average. This means a loan officer salary of $60,481 in Huntsville has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Huntsville? ▼
Most loan officer positions in Huntsville require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.