Business & Finance Chesapeake, VA
Pop. 249,422
Loan Officer Salary in Chesapeake, Virginia
The median loan officer salary in Chesapeake, VA is $67,712 per year, which is 3.0% above the national median and 5.5% below the Virginia state average.
City Median
$67,712
vs State Avg
$-3,945
vs National
+$1,972
Cost of Living
98%
Loan Officer Salary in Chesapeake by Experience
In Chesapeake, an entry-level loan officer earns around $39,140, while experienced professionals earn up to $133,900 per year. The local cost of living index is 98% of the national average.
Entry Level (0-2 yrs)
$39,140
+$1,140 vs national
Mid Level (3-7 yrs)
$67,980
+$1,980 vs national
Senior Level (8+ yrs)
$133,900
+$3,900 vs national
Salary Percentiles in Chesapeake, VA
| Percentile | Chesapeake |
|---|---|
| 10th Percentile | $36,256 |
| 25th Percentile | $46,762 |
| Median (50th) | $67,712 |
| 75th Percentile | $103,000 |
| 90th Percentile | $158,414 |
Loan Officer Salary in Other Virginia Cities
How to Become a Loan Officer in Chesapeake
Education
Most loan officer positions require a bachelor's degree. Chesapeake and the surrounding Virginia 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 Chesapeake may vary based on local industry and population growth.