Business & Finance Wilmington, DE Pop. 70,898

Loan Officer Salary in Wilmington, Delaware

The median loan officer salary in Wilmington, DE is $72,314 per year, which is 10.0% above the national median and 3.8% above the Delaware state average.

City Median
$72,314
vs State Avg
+$2,630
vs National
+$6,574
Cost of Living
105%

Loan Officer Salary in Wilmington by Experience

In Wilmington, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$41,800
+$3,800 vs national
Mid Level (3-7 yrs)
$72,600
+$6,600 vs national
Senior Level (8+ yrs)
$143,000
+$13,000 vs national

Salary Percentiles in Wilmington, DE

Percentile Wilmington
10th Percentile $38,720
25th Percentile $49,940
Median (50th) $72,314
75th Percentile $110,000
90th Percentile $169,180

Loan Officer Salary in Other Delaware Cities

Newark, DE
$70,342
Pop. 33,398
Bear, DE
$68,370
Pop. 21,000
Middletown, DE
$67,712
Pop. 22,350
Dover, DE
$66,397
Pop. 39,403

How to Become a Loan Officer in Wilmington

Education

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

Find Loan Officer Jobs in Wilmington

Browse open loan officer positions in Wilmington, DE:

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Frequently Asked Questions: Loan Officer Salary in Wilmington

How much does a Loan Officer make in Wilmington, DE? ▼
The median loan officer salary in Wilmington, Delaware is $72,314 per year, which is 10.0% above the national median of $65,740. Salaries range from $38,720 (10th percentile) to $169,180 (90th percentile).
How much does a Loan Officer make per hour in Wilmington? ▼
Based on the median annual salary of $72,314, a loan officer in Wilmington earns approximately $35 per hour assuming a standard 2,080-hour work year.
How does Wilmington compare to the Delaware state average for loan officer pay? ▼
Wilmington's median loan officer salary of $72,314 is 3.8% above the Delaware state average of $69,684. The local cost of living index is 105% of the national average.
What is the cost of living in Wilmington, DE? ▼
Wilmington has a cost of living index of 105% compared to the national average. This means a loan officer salary of $72,314 in Wilmington has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Wilmington? ▼
Most loan officer positions in Wilmington 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.