Business & Finance Lewiston, ME Pop. 37,121

Loan Officer Salary in Lewiston, Maine

The median loan officer salary in Lewiston, ME is $59,166 per year, which is 10% below the national median and 8.2% below the Maine state average.

City Median
$59,166
vs State Avg
$-5,259
vs National
$-6,574
Cost of Living
90%

Loan Officer Salary in Lewiston by Experience

In Lewiston, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$59,400
$-6,600 vs national
Senior Level (8+ yrs)
$117,000
$-13,000 vs national

Salary Percentiles in Lewiston, ME

Percentile Lewiston
10th Percentile $31,680
25th Percentile $40,860
Median (50th) $59,166
75th Percentile $90,000
90th Percentile $138,420

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
Auburn, ME
$58,509
Pop. 23,926

How to Become a Loan Officer in Lewiston

Education

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

Find Loan Officer Jobs in Lewiston

Browse open loan officer positions in Lewiston, ME:

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Frequently Asked Questions: Loan Officer Salary in Lewiston

How much does a Loan Officer make in Lewiston, ME? ▼
The median loan officer salary in Lewiston, Maine is $59,166 per year, which is 10% below the national median of $65,740. Salaries range from $31,680 (10th percentile) to $138,420 (90th percentile).
How much does a Loan Officer make per hour in Lewiston? ▼
Based on the median annual salary of $59,166, a loan officer in Lewiston earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Lewiston compare to the Maine state average for loan officer pay? ▼
Lewiston's median loan officer salary of $59,166 is 8.2% below the Maine state average of $64,425. The local cost of living index is 90% of the national average.
What is the cost of living in Lewiston, ME? ▼
Lewiston has a cost of living index of 90% compared to the national average. This means a loan officer salary of $59,166 in Lewiston has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Lewiston? ▼
Most loan officer positions in Lewiston 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.