Business & Finance Phoenix, AZ
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Loan Officer Salary in Phoenix, Arizona
The median loan officer salary in Phoenix, AZ is $65,740 per year, which is 0.0% above the national median and 3.1% above the Arizona state average.
City Median
$65,740
vs State Avg
+$1,972
vs National
+$0
Cost of Living
100%
Loan Officer Salary in Phoenix by Experience
In Phoenix, an entry-level loan officer earns around $38,000, while experienced professionals earn up to $130,000 per year. The local cost of living index is 100% of the national average.
Entry Level (0-2 yrs)
$38,000
+$0 vs national
Mid Level (3-7 yrs)
$66,000
+$0 vs national
Senior Level (8+ yrs)
$130,000
+$0 vs national
Salary Percentiles in Phoenix, AZ
| Percentile | Phoenix |
|---|---|
| 10th Percentile | $35,200 |
| 25th Percentile | $45,400 |
| Median (50th) | $65,740 |
| 75th Percentile | $100,000 |
| 90th Percentile | $153,800 |
Loan Officer Salary in Other Arizona Cities
How to Become a Loan Officer in Phoenix
Education
Most loan officer positions require a bachelor's degree. Phoenix and the surrounding Arizona 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 Phoenix may vary based on local industry and population growth.