Loan Officer Salary in Richmond, Virginia
The median loan officer salary in Richmond, VA is $69,027 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.
Loan Officer Pay in Richmond: What to Expect (2026)
Richmond offers a median loan officer salary of $69,027, which is $2,630 below the Virginia state average of $71,657. Compared to the national median of $65,740, Richmond pays above average for this role.
Richmond's cost of living is 100% 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 Richmond spans from $36,960 at the 10th percentile to $161,490 at the 90th percentile — a $124,530 spread. Entry-level professionals start around $39,900, while senior loan officers with 8+ years of experience can earn up to $136,500. With a population of 226,610, Richmond is a mid-sized metro with a growing job market.
Loan Officer Salary in Richmond by Experience
In Richmond, an entry-level loan officer earns around $39,900, while experienced professionals earn up to $136,500 per year. The local cost of living index is 100% of the national average.
Salary Percentiles in Richmond, VA
| Percentile | Richmond |
|---|---|
| 10th Percentile | $36,960 |
| 25th Percentile | $47,670 |
| Median (50th) | $69,027 |
| 75th Percentile | $105,000 |
| 90th Percentile | $161,490 |
Loan Officer Salary in Other Virginia Cities
How to Become a Loan Officer in Richmond
Education
Most loan officer positions require a bachelor's degree. Richmond 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 Richmond may vary based on local industry and population growth.
Find Loan Officer Jobs in Richmond
Browse open loan officer positions in Richmond, VA: