Business & Finance Auburn, ME Pop. 23,926

Loan Officer Salary in Auburn, Maine

The median loan officer salary in Auburn, ME is $58,509 per year, which is 11% below the national median and 9.2% below the Maine state average.

City Median
$58,509
vs State Avg
$-5,916
vs National
$-7,231
Cost of Living
89%

Loan Officer Salary in Auburn by Experience

In Auburn, an entry-level loan officer earns around $33,820, while experienced professionals earn up to $115,700 per year. The local cost of living index is 89% of the national average.

Entry Level (0-2 yrs)
$33,820
$-4,180 vs national
Mid Level (3-7 yrs)
$58,740
$-7,260 vs national
Senior Level (8+ yrs)
$115,700
$-14,300 vs national

Salary Percentiles in Auburn, ME

Percentile Auburn
10th Percentile $31,328
25th Percentile $40,406
Median (50th) $58,509
75th Percentile $89,000
90th Percentile $136,882

Loan Officer Salary in Other Maine Cities

Portland, ME
$70,999
Pop. 68,408
South Portland, ME
$69,027
Pop. 25,665
Bangor, ME
$60,481
Pop. 32,029
Lewiston, ME
$59,166
Pop. 37,121

How to Become a Loan Officer in Auburn

Education

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

Find Loan Officer Jobs in Auburn

Browse open loan officer positions in Auburn, ME:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Auburn

How much does a Loan Officer make in Auburn, ME? ▼
The median loan officer salary in Auburn, Maine is $58,509 per year, which is 11% below the national median of $65,740. Salaries range from $31,328 (10th percentile) to $136,882 (90th percentile).
How much does a Loan Officer make per hour in Auburn? ▼
Based on the median annual salary of $58,509, a loan officer in Auburn earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Auburn compare to the Maine state average for loan officer pay? ▼
Auburn's median loan officer salary of $58,509 is 9.2% below the Maine state average of $64,425. The local cost of living index is 89% of the national average.
What is the cost of living in Auburn, ME? ▼
Auburn has a cost of living index of 89% compared to the national average. This means a loan officer salary of $58,509 in Auburn has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Auburn? ▼
Most loan officer positions in Auburn 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.