Business & Finance Santa Fe, NM Pop. 87,505

Loan Officer Salary in Santa Fe, New Mexico

The median loan officer salary in Santa Fe, NM is $72,314 per year, which is 10.0% above the national median and 18.3% above the New Mexico state average.

City Median
$72,314
vs State Avg
+$11,176
vs National
+$6,574
Cost of Living
110%

Loan Officer Salary in Santa Fe by Experience

In Santa Fe, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$41,800
+$3,800 vs national
Mid Level (3-7 yrs)
$72,600
+$6,600 vs national
Senior Level (8+ yrs)
$143,000
+$13,000 vs national

Salary Percentiles in Santa Fe, NM

Percentile Santa Fe
10th Percentile $38,720
25th Percentile $49,940
Median (50th) $72,314
75th Percentile $110,000
90th Percentile $169,180

Loan Officer Salary in Other New Mexico Cities

Albuquerque, NM
$62,453
Pop. 564,559
Rio Rancho, NM
$60,481
Pop. 104,046
Las Cruces, NM
$57,851
Pop. 111,385
Roswell, NM
$53,907
Pop. 48,422

How to Become a Loan Officer in Santa Fe

Education

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

Find Loan Officer Jobs in Santa Fe

Browse open loan officer positions in Santa Fe, NM:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Santa Fe

How much does a Loan Officer make in Santa Fe, NM? ▼
The median loan officer salary in Santa Fe, New Mexico is $72,314 per year, which is 10.0% above the national median of $65,740. Salaries range from $38,720 (10th percentile) to $169,180 (90th percentile).
How much does a Loan Officer make per hour in Santa Fe? ▼
Based on the median annual salary of $72,314, a loan officer in Santa Fe earns approximately $35 per hour assuming a standard 2,080-hour work year.
How does Santa Fe compare to the New Mexico state average for loan officer pay? ▼
Santa Fe's median loan officer salary of $72,314 is 18.3% above the New Mexico state average of $61,138. The local cost of living index is 110% of the national average.
What is the cost of living in Santa Fe, NM? ▼
Santa Fe has a cost of living index of 110% compared to the national average. This means a loan officer salary of $72,314 in Santa Fe has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Santa Fe? ▼
Most loan officer positions in Santa Fe 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.