Business & Finance Colorado (CO) Rank #15 of 50

Loan Officer Salary in Colorado

The median loan officer salary in Colorado is $69,027 per year, which is 5.0% above the national median of $65,740.

Median Salary
$69,027
vs National
+$3,287
State Rank
#15 of 50
Cost of Living
105%

Loan Officer Salary Overview in Colorado (2026)

Colorado ranks #15 out of 50 states for loan officer compensation. Colorado falls in the middle of the pack for loan officer pay, offering salaries near the national average. At $69,027 per year, loan officers in Colorado earn $3,287 more than the national median of $65,740.

Colorado's cost of living is near the national average at 105%, meaning loan officer salaries here translate closely to their face value in purchasing power.

The salary spread in Colorado is significant: loan officers at the 10th percentile earn $36,960, while those at the 90th percentile bring home $161,490 — a $124,530 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Colorado for this role is Boulder, where the median reaches $84,147.

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.

Loan Officer Salary in Colorado by Experience

In Colorado, an entry-level loan officer earns around $39,900, while experienced professionals earn up to $136,500 per year. The cost of living index in Colorado is 105% of the national average.

Entry Level (0-2 yrs)
$39,900
+$1,900 vs national
Mid Level (3-7 yrs)
$69,300
+$3,300 vs national
Senior Level (8+ yrs)
$136,500
+$6,500 vs national

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Salary Percentiles in Colorado

Percentile CO Salary
10th Percentile $36,960
25th Percentile $47,670
Median (50th) $69,027
75th Percentile $105,000
90th Percentile $161,490

Loan Officer Salary by City in Colorado

The largest employment areas for loan officers in Colorado include Denver, Colorado Springs, Aurora, and Fort Collins. Salaries vary by city based on local cost of living and demand.

How to Become a Loan Officer in Colorado

Education

Most loan officer positions require a bachelor's degree. Colorado has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Colorado

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Colorado's demand may vary based on local industry trends.

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Frequently Asked Questions: Loan Officer Salary in Colorado

How much does a Loan Officer make in Colorado? ▼
The median loan officer salary in Colorado is $69,027 per year, which is 5.0% above the national median of $65,740. Salaries range from $36,960 (10th percentile) to $161,490 (90th percentile).
How much does a Loan Officer make per hour in Colorado? ▼
Based on the median annual salary of $69,027, a loan officer in Colorado earns approximately $33 per hour assuming a standard 2,080-hour work year.
Is Colorado a good state for loan officers? ▼
Colorado ranks #15 out of 50 states for loan officer pay. The cost of living index is 105% of the national average. Entry-level loan officers earn $39,900, while senior professionals earn $136,500.
How does Colorado compare to other states for loan officer salary? ▼
The highest paying state for loan officers is Hawaii at $111,758. Colorado's median of $69,027 ranks #15 nationally. Nearby-ranked states include Rhode Island ($70,342) and Delaware ($69,684).
What is the entry-level loan officer salary in Colorado? ▼
An entry-level loan officer in Colorado earns approximately $39,900 per year. With 3-7 years of experience, pay increases to around $69,300. Senior-level professionals with 8+ years earn up to $136,500.
What city in Colorado pays loan officers the most? ▼
Boulder is the highest paying city in Colorado for loan officers, with a median salary of $84,147. Other cities include Denver and Colorado Springs.