Loan Officer Salary in Virginia
The median loan officer salary in Virginia is $71,657 per year, which is 9.0% above the national median of $65,740.
Loan Officer Salary in Virginia by Experience
In Virginia, an entry-level loan officer earns around $41,420, while experienced professionals earn up to $141,700 per year. The cost of living index in Virginia is 104% of the national average.
Salary Percentiles in Virginia
| Percentile | VA Salary |
|---|---|
| 10th Percentile | $38,368 |
| 25th Percentile | $49,486 |
| Median (50th) | $71,657 |
| 75th Percentile | $109,000 |
| 90th Percentile | $167,642 |
Major Cities for Loan Officers in Virginia
The largest employment areas for loan officers in Virginia include Virginia Beach, Norfolk, Richmond, and Arlington. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Virginia
Education
Most loan officer positions require a bachelor's degree. Virginia has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Virginia
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Virginia's demand may vary based on local industry trends.