Business & Finance Mobile, AL Pop. 187,041

Loan Officer Salary in Mobile, Alabama

The median loan officer salary in Mobile, AL is $55,879 per year, which is 15% below the national median and 2.3% below the Alabama state average.

City Median
$55,879
vs State Avg
$-1,315
vs National
$-9,861
Cost of Living
85%

Loan Officer Salary in Mobile by Experience

In Mobile, an entry-level loan officer earns around $32,300, while experienced professionals earn up to $110,500 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$32,300
$-5,700 vs national
Mid Level (3-7 yrs)
$56,100
$-9,900 vs national
Senior Level (8+ yrs)
$110,500
$-19,500 vs national

Salary Percentiles in Mobile, AL

Percentile Mobile
10th Percentile $29,920
25th Percentile $38,590
Median (50th) $55,879
75th Percentile $85,000
90th Percentile $130,730

Loan Officer Salary in Other Alabama Cities

Huntsville, AL
$60,481
Pop. 216,963
Birmingham, AL
$59,166
Pop. 197,575
Tuscaloosa, AL
$57,851
Pop. 101,129
Montgomery, AL
$56,536
Pop. 200,603

How to Become a Loan Officer in Mobile

Education

Most loan officer positions require a bachelor's degree. Mobile 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 Mobile may vary based on local industry and population growth.

Find Loan Officer Jobs in Mobile

Browse open loan officer positions in Mobile, AL:

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Frequently Asked Questions: Loan Officer Salary in Mobile

How much does a Loan Officer make in Mobile, AL? ▼
The median loan officer salary in Mobile, Alabama is $55,879 per year, which is 15% below the national median of $65,740. Salaries range from $29,920 (10th percentile) to $130,730 (90th percentile).
How much does a Loan Officer make per hour in Mobile? ▼
Based on the median annual salary of $55,879, a loan officer in Mobile earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Mobile compare to the Alabama state average for loan officer pay? ▼
Mobile's median loan officer salary of $55,879 is 2.3% below the Alabama state average of $57,194. The local cost of living index is 85% of the national average.
What is the cost of living in Mobile, AL? ▼
Mobile has a cost of living index of 85% compared to the national average. This means a loan officer salary of $55,879 in Mobile has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Mobile? ▼
Most loan officer positions in Mobile 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.