Business & Finance Middletown, DE Pop. 22,350

Loan Officer Salary in Middletown, Delaware

The median loan officer salary in Middletown, DE is $67,712 per year, which is 3.0% above the national median and 2.8% below the Delaware state average.

City Median
$67,712
vs State Avg
$-1,972
vs National
+$1,972
Cost of Living
98%

Loan Officer Salary in Middletown by Experience

In Middletown, an entry-level loan officer earns around $39,140, while experienced professionals earn up to $133,900 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$39,140
+$1,140 vs national
Mid Level (3-7 yrs)
$67,980
+$1,980 vs national
Senior Level (8+ yrs)
$133,900
+$3,900 vs national

Salary Percentiles in Middletown, DE

Percentile Middletown
10th Percentile $36,256
25th Percentile $46,762
Median (50th) $67,712
75th Percentile $103,000
90th Percentile $158,414

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
Dover, DE
$66,397
Pop. 39,403

How to Become a Loan Officer in Middletown

Education

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