Business & Finance Durham, NC Pop. 283,506

Loan Officer Salary in Durham, North Carolina

The median loan officer salary in Durham, NC is $64,425 per year, which is 2% below the national median and 3.2% above the North Carolina state average.

City Median
$64,425
vs State Avg
+$1,972
vs National
$-1,315
Cost of Living
95%

Loan Officer Salary in Durham by Experience

In Durham, an entry-level loan officer earns around $37,240, while experienced professionals earn up to $127,400 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$37,240
$-760 vs national
Mid Level (3-7 yrs)
$64,680
$-1,320 vs national
Senior Level (8+ yrs)
$127,400
$-2,600 vs national

Salary Percentiles in Durham, NC

Percentile Durham
10th Percentile $34,496
25th Percentile $44,492
Median (50th) $64,425
75th Percentile $98,000
90th Percentile $150,724

Loan Officer Salary in Other North Carolina Cities

Charlotte, NC
$66,397
Pop. 874,579
Raleigh, NC
$66,397
Pop. 467,665
Greensboro, NC
$59,823
Pop. 299,035
Winston-Salem, NC
$58,509
Pop. 249,545

How to Become a Loan Officer in Durham

Education

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

Find Loan Officer Jobs in Durham

Browse open loan officer positions in Durham, NC:

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Frequently Asked Questions: Loan Officer Salary in Durham

How much does a Loan Officer make in Durham, NC? ▼
The median loan officer salary in Durham, North Carolina is $64,425 per year, which is 2% below the national median of $65,740. Salaries range from $34,496 (10th percentile) to $150,724 (90th percentile).
How much does a Loan Officer make per hour in Durham? ▼
Based on the median annual salary of $64,425, a loan officer in Durham earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Durham compare to the North Carolina state average for loan officer pay? ▼
Durham's median loan officer salary of $64,425 is 3.2% above the North Carolina state average of $62,453. The local cost of living index is 95% of the national average.
What is the cost of living in Durham, NC? ▼
Durham has a cost of living index of 95% compared to the national average. This means a loan officer salary of $64,425 in Durham has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Durham? ▼
Most loan officer positions in Durham 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.