Business & Finance Roswell, NM Pop. 48,422

Loan Officer Salary in Roswell, New Mexico

The median loan officer salary in Roswell, NM is $53,907 per year, which is 18% below the national median and 11.8% below the New Mexico state average.

City Median
$53,907
vs State Avg
$-7,231
vs National
$-11,833
Cost of Living
82%

Loan Officer Salary in Roswell by Experience

In Roswell, an entry-level loan officer earns around $31,160, while experienced professionals earn up to $106,600 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$31,160
$-6,840 vs national
Mid Level (3-7 yrs)
$54,120
$-11,880 vs national
Senior Level (8+ yrs)
$106,600
$-23,400 vs national

Salary Percentiles in Roswell, NM

Percentile Roswell
10th Percentile $28,864
25th Percentile $37,228
Median (50th) $53,907
75th Percentile $82,000
90th Percentile $126,116

Loan Officer Salary in Other New Mexico Cities

Santa Fe, NM
$72,314
Pop. 87,505
Albuquerque, NM
$62,453
Pop. 564,559
Rio Rancho, NM
$60,481
Pop. 104,046
Las Cruces, NM
$57,851
Pop. 111,385

How to Become a Loan Officer in Roswell

Education

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

Find Loan Officer Jobs in Roswell

Browse open loan officer positions in Roswell, NM:

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Frequently Asked Questions: Loan Officer Salary in Roswell

How much does a Loan Officer make in Roswell, NM? ▼
The median loan officer salary in Roswell, New Mexico is $53,907 per year, which is 18% below the national median of $65,740. Salaries range from $28,864 (10th percentile) to $126,116 (90th percentile).
How much does a Loan Officer make per hour in Roswell? ▼
Based on the median annual salary of $53,907, a loan officer in Roswell earns approximately $26 per hour assuming a standard 2,080-hour work year.
How does Roswell compare to the New Mexico state average for loan officer pay? ▼
Roswell's median loan officer salary of $53,907 is 11.8% below the New Mexico state average of $61,138. The local cost of living index is 82% of the national average.
What is the cost of living in Roswell, NM? ▼
Roswell has a cost of living index of 82% compared to the national average. This means a loan officer salary of $53,907 in Roswell has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Roswell? ▼
Most loan officer positions in Roswell 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.