Loan Officer Salary in Norfolk, Virginia
The median loan officer salary in Norfolk, VA is $66,397 per year, which is 1.0% above the national median and 7.3% below the Virginia state average.
Loan Officer Pay in Norfolk: What to Expect (2026)
Norfolk offers a median loan officer salary of $66,397, which is $5,260 below the Virginia state average of $71,657. Compared to the national median of $65,740, Norfolk pays above average for this role.
Norfolk's cost of living is 96% 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 Norfolk spans from $35,552 at the 10th percentile to $155,338 at the 90th percentile — a $119,786 spread. Entry-level professionals start around $38,380, while senior loan officers with 8+ years of experience can earn up to $131,300. With a population of 238,005, Norfolk is a mid-sized metro with a growing job market.
Loan Officer Salary in Norfolk by Experience
In Norfolk, an entry-level loan officer earns around $38,380, while experienced professionals earn up to $131,300 per year. The local cost of living index is 96% of the national average.
Salary Percentiles in Norfolk, VA
| Percentile | Norfolk |
|---|---|
| 10th Percentile | $35,552 |
| 25th Percentile | $45,854 |
| Median (50th) | $66,397 |
| 75th Percentile | $101,000 |
| 90th Percentile | $155,338 |
Loan Officer Salary in Other Virginia Cities
How to Become a Loan Officer in Norfolk
Education
Most loan officer positions require a bachelor's degree. Norfolk 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 Norfolk may vary based on local industry and population growth.
Find Loan Officer Jobs in Norfolk
Browse open loan officer positions in Norfolk, VA: