Loan Officers in Texas
Want to work in Texas as a Loan Officer? Read this first!
You’re in luck! Jobs for Loan Officers in Texas are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Texas is growing faster than average.
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Loan Officers in Texas earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Texas?
In 2018, there were 19,950 Loan Officers working in the state.
There were 20,810 Loan Officers employed in this state in 2017.
That’s a decline of 860 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Texas has more Loan Officers than average.
Job Projections for Texas
Jobs for Loan Officers in this state are growing at a rate of 19.8% which is faster than the nationwide estimated projection of 11.4%.
Texas Annual Job Openings
The BLS estimates 2,430 annual job openings, and a total of 27,160 jobs for Texas Loan Officers in 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in Texas?
In 2018 wages for Loan Officers ranged from $35,430 to $156,890 with $68,710 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $17.03 to $75.43. The median hourly rate was $33.03.
Workers in this field were paid a median of $33.81 an hour in 2017.
The hourly rate declined by $0.78.
The median salary in Texas is higher than the nationwide median salary.
Top Texas Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Dallas-Fort Worth-Arlington, TX | 7,810 | $68,120 |
| Houston-The Woodlands-Sugar Land, TX | 3,820 | $76,930 |
| San Antonio-New Braunfels, TX | 1,950 | $60,480 |
| Austin-Round Rock, TX | 1,200 | n/a |
| Lubbock, TX | 350 | $77,960 |
| El Paso, TX | 330 | $52,680 |
| McAllen-Edinburg-Mission, TX | 290 | $61,380 |
| Waco, TX | 230 | $60,010 |
| Corpus Christi, TX | 230 | $68,590 |
| Killeen-Temple, TX | 180 | $68,590 |
| Laredo, TX | 180 | $78,170 |
| Amarillo, TX | 160 | $62,440 |
| Tyler, TX | 150 | $105,660 |
| Abilene, TX | 140 | $78,330 |
| Brownsville-Harlingen, TX | 120 | $67,990 |
| Sherman-Denison, TX | 120 | $73,470 |
| Beaumont-Port Arthur, TX | 110 | $71,850 |
| Longview, TX | 110 | $65,590 |
| Midland, TX | 100 | $61,370 |
| College Station-Bryan, TX | 100 | $87,450 |
| San Angelo, TX | 90 | $67,900 |
| Victoria, TX | 80 | $77,550 |
| Wichita Falls, TX | 70 | $84,010 |
| Odessa, TX | 30 | $80,980 |
Top States for Loan Officers Employment
View the list below to see where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in TX
You may also be interested in the following careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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