Business & Finance Spokane, WA Pop. 228,989

Loan Officer Salary in Spokane, Washington

The median loan officer salary in Spokane, WA is $60,481 per year, which is 8% below the national median and 20% below the Washington state average.

City Median
$60,481
vs State Avg
$-15,120
vs National
$-5,259
Cost of Living
92%

Loan Officer Salary in Spokane by Experience

In Spokane, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national

Salary Percentiles in Spokane, WA

Percentile Spokane
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

Loan Officer Salary in Other Washington Cities

Bellevue, WA
$99,925
Pop. 151,854
Seattle, WA
$97,295
Pop. 737,015
Tacoma, WA
$72,314
Pop. 219,346
Vancouver, WA
$67,055
Pop. 190,915

How to Become a Loan Officer in Spokane

Education

Most loan officer positions require a bachelor's degree. Spokane and the surrounding Washington 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 Spokane may vary based on local industry and population growth.

Find Loan Officer Jobs in Spokane

Browse open loan officer positions in Spokane, WA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Spokane

How much does a Loan Officer make in Spokane, WA? ▼
The median loan officer salary in Spokane, Washington is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).
How much does a Loan Officer make per hour in Spokane? ▼
Based on the median annual salary of $60,481, a loan officer in Spokane earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Spokane compare to the Washington state average for loan officer pay? ▼
Spokane's median loan officer salary of $60,481 is 20% below the Washington state average of $75,601. The local cost of living index is 92% of the national average.
What is the cost of living in Spokane, WA? ▼
Spokane has a cost of living index of 92% compared to the national average. This means a loan officer salary of $60,481 in Spokane has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Spokane? ▼
Most loan officer positions in Spokane require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.