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.