Business & Finance Delaware (DE) Rank #14 of 50

Loan Officer Salary in Delaware

The median loan officer salary in Delaware is $69,684 per year, which is 6.0% above the national median of $65,740.

Median Salary
$69,684
vs National
+$3,944
State Rank
#14 of 50
Cost of Living
101%

Loan Officer Salary Overview in Delaware (2026)

Delaware ranks #14 out of 50 states for loan officer compensation. Delaware falls in the middle of the pack for loan officer pay, offering salaries near the national average. At $69,684 per year, loan officers in Delaware earn $3,944 more than the national median of $65,740.

Delaware's cost of living is near the national average at 101%, meaning loan officer salaries here translate closely to their face value in purchasing power.

The salary spread in Delaware is significant: loan officers at the 10th percentile earn $37,312, while those at the 90th percentile bring home $163,028 — a $125,716 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Delaware for this role is Wilmington, where the median reaches $72,314.

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 Delaware by Experience

In Delaware, an entry-level loan officer earns around $40,280, while experienced professionals earn up to $137,800 per year. The cost of living index in Delaware is 101% of the national average.

Entry Level (0-2 yrs)
$40,280
+$2,280 vs national
Mid Level (3-7 yrs)
$69,960
+$3,960 vs national
Senior Level (8+ yrs)
$137,800
+$7,800 vs national

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Salary Percentiles in Delaware

Percentile DE Salary
10th Percentile $37,312
25th Percentile $48,124
Median (50th) $69,684
75th Percentile $106,000
90th Percentile $163,028

Loan Officer Salary by City in Delaware

The largest employment areas for loan officers in Delaware include Wilmington, Dover, Newark, and Middletown. Salaries vary by city based on local cost of living and demand.

How to Become a Loan Officer in Delaware

Education

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

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Delaware

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

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Frequently Asked Questions: Loan Officer Salary in Delaware

How much does a Loan Officer make in Delaware? ▼
The median loan officer salary in Delaware is $69,684 per year, which is 6.0% above the national median of $65,740. Salaries range from $37,312 (10th percentile) to $163,028 (90th percentile).
How much does a Loan Officer make per hour in Delaware? ▼
Based on the median annual salary of $69,684, a loan officer in Delaware earns approximately $34 per hour assuming a standard 2,080-hour work year.
Is Delaware a good state for loan officers? ▼
Delaware ranks #14 out of 50 states for loan officer pay. The cost of living index is 101% of the national average. Entry-level loan officers earn $40,280, while senior professionals earn $137,800.
How does Delaware compare to other states for loan officer salary? ▼
The highest paying state for loan officers is Hawaii at $111,758. Delaware's median of $69,684 ranks #14 nationally. Nearby-ranked states include New Hampshire ($70,342) and Rhode Island ($70,342).
What is the entry-level loan officer salary in Delaware? ▼
An entry-level loan officer in Delaware earns approximately $40,280 per year. With 3-7 years of experience, pay increases to around $69,960. Senior-level professionals with 8+ years earn up to $137,800.
What city in Delaware pays loan officers the most? ▼
Wilmington is the highest paying city in Delaware for loan officers, with a median salary of $72,314. Other cities include Dover and Newark.