Loan Officer Salary in Maine
The median loan officer salary in Maine is $64,425 per year, which is 2% below the national median of $65,740.
Loan Officer Salary in Maine by Experience
In Maine, an entry-level loan officer earns around $37,240, while experienced professionals earn up to $127,400 per year. The cost of living index in Maine is 98% of the national average.
Salary Percentiles in Maine
| Percentile | ME Salary |
|---|---|
| 10th Percentile | $34,496 |
| 25th Percentile | $44,492 |
| Median (50th) | $64,425 |
| 75th Percentile | $98,000 |
| 90th Percentile | $150,724 |
Loan Officer Salary by City in Maine
The largest employment areas for loan officers in Maine include Portland, Lewiston, Bangor, and South Portland. Salaries vary by city based on local cost of living and demand.
How to Become a Loan Officer in Maine
Education
Most loan officer positions require a bachelor's degree. Maine has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Maine
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Maine's demand may vary based on local industry trends.