Business & Finance Bear, DE Pop. 21,000

Loan Officer Salary in Bear, Delaware

The median loan officer salary in Bear, DE is $68,370 per year, which is 4.0% above the national median and 1.9% below the Delaware state average.

City Median
$68,370
vs State Avg
$-1,314
vs National
+$2,630
Cost of Living
99%

Loan Officer Salary in Bear by Experience

In Bear, an entry-level loan officer earns around $39,520, while experienced professionals earn up to $135,200 per year. The local cost of living index is 99% of the national average.

Entry Level (0-2 yrs)
$39,520
+$1,520 vs national
Mid Level (3-7 yrs)
$68,640
+$2,640 vs national
Senior Level (8+ yrs)
$135,200
+$5,200 vs national

Salary Percentiles in Bear, DE

Percentile Bear
10th Percentile $36,608
25th Percentile $47,216
Median (50th) $68,370
75th Percentile $104,000
90th Percentile $159,952

Loan Officer Salary in Other Delaware Cities

Wilmington, DE
$72,314
Pop. 70,898
Newark, DE
$70,342
Pop. 33,398
Middletown, DE
$67,712
Pop. 22,350
Dover, DE
$66,397
Pop. 39,403

How to Become a Loan Officer in Bear

Education

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