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.