Business & Finance Sacramento, CA
Pop. 524,943
Loan Officer Salary in Sacramento, California
The median loan officer salary in Sacramento, CA is $77,573 per year, which is 18.0% above the national median and 14.5% below the California state average.
City Median
$77,573
vs State Avg
$-13,148
vs National
+$11,833
Cost of Living
118%
Loan Officer Salary in Sacramento by Experience
In Sacramento, an entry-level loan officer earns around $44,840, while experienced professionals earn up to $153,400 per year. The local cost of living index is 118% of the national average.
Entry Level (0-2 yrs)
$44,840
+$6,840 vs national
Mid Level (3-7 yrs)
$77,880
+$11,880 vs national
Senior Level (8+ yrs)
$153,400
+$23,400 vs national
Salary Percentiles in Sacramento, CA
| Percentile | Sacramento |
|---|---|
| 10th Percentile | $41,536 |
| 25th Percentile | $53,572 |
| Median (50th) | $77,573 |
| 75th Percentile | $118,000 |
| 90th Percentile | $181,484 |
Loan Officer Salary in Other California Cities
How to Become a Loan Officer in Sacramento
Education
Most loan officer positions require a bachelor's degree. Sacramento and the surrounding California 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 Sacramento may vary based on local industry and population growth.