Business & Finance Dover, DE Pop. 39,403

Loan Officer Salary in Dover, Delaware

The median loan officer salary in Dover, DE is $66,397 per year, which is 1.0% above the national median and 4.7% below the Delaware state average.

City Median
$66,397
vs State Avg
$-3,287
vs National
+$657
Cost of Living
96%

Loan Officer Salary in Dover by Experience

In Dover, an entry-level loan officer earns around $38,380, while experienced professionals earn up to $131,300 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$38,380
+$380 vs national
Mid Level (3-7 yrs)
$66,660
+$660 vs national
Senior Level (8+ yrs)
$131,300
+$1,300 vs national

Salary Percentiles in Dover, DE

Percentile Dover
10th Percentile $35,552
25th Percentile $45,854
Median (50th) $66,397
75th Percentile $101,000
90th Percentile $155,338

Loan Officer Salary in Other Delaware Cities

Wilmington, DE
$72,314
Pop. 70,898
Newark, DE
$70,342
Pop. 33,398
Bear, DE
$68,370
Pop. 21,000
Middletown, DE
$67,712
Pop. 22,350

How to Become a Loan Officer in Dover

Education

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

Find Loan Officer Jobs in Dover

Browse open loan officer positions in Dover, DE:

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Frequently Asked Questions: Loan Officer Salary in Dover

How much does a Loan Officer make in Dover, DE? ▼
The median loan officer salary in Dover, Delaware is $66,397 per year, which is 1.0% above the national median of $65,740. Salaries range from $35,552 (10th percentile) to $155,338 (90th percentile).
How much does a Loan Officer make per hour in Dover? ▼
Based on the median annual salary of $66,397, a loan officer in Dover earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Dover compare to the Delaware state average for loan officer pay? ▼
Dover's median loan officer salary of $66,397 is 4.7% below the Delaware state average of $69,684. The local cost of living index is 96% of the national average.
What is the cost of living in Dover, DE? ▼
Dover has a cost of living index of 96% compared to the national average. This means a loan officer salary of $66,397 in Dover has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Dover? ▼
Most loan officer positions in Dover require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.