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.
Loan Officer Pay in Chesapeake: What to Expect (2026)
Chesapeake offers a median loan officer salary of $67,712, which is $3,945 below the Virginia state average of $71,657. Compared to the national median of $65,740, Chesapeake pays above average for this role.
Chesapeake's cost of living is 98% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Chesapeake spans from $36,256 at the 10th percentile to $158,414 at the 90th percentile — a $122,158 spread. Entry-level professionals start around $39,140, while senior loan officers with 8+ years of experience can earn up to $133,900. With a population of 249,422, Chesapeake is a mid-sized metro with a growing job market.
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.
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
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.
Find Loan Officer Jobs in Chesapeake
Browse open loan officer positions in Chesapeake, VA: