Business & Finance Portland, ME
Pop. 68,408
Loan Officer Salary in Portland, Maine
The median loan officer salary in Portland, ME is $70,999 per year, which is 8.0% above the national median and 10.2% above the Maine state average.
City Median
$70,999
vs State Avg
+$6,574
vs National
+$5,259
Cost of Living
108%
Loan Officer Salary in Portland by Experience
In Portland, an entry-level loan officer earns around $41,040, while experienced professionals earn up to $140,400 per year. The local cost of living index is 108% of the national average.
Entry Level (0-2 yrs)
$41,040
+$3,040 vs national
Mid Level (3-7 yrs)
$71,280
+$5,280 vs national
Senior Level (8+ yrs)
$140,400
+$10,400 vs national
Salary Percentiles in Portland, ME
| Percentile | Portland |
|---|---|
| 10th Percentile | $38,016 |
| 25th Percentile | $49,032 |
| Median (50th) | $70,999 |
| 75th Percentile | $108,000 |
| 90th Percentile | $166,104 |
Loan Officer Salary in Other Maine Cities
How to Become a Loan Officer in Portland
Education
Most loan officer positions require a bachelor's degree. Portland 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 Portland may vary based on local industry and population growth.