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Loan Officers in Virginia

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Loan Officers in Virginia

Is Virginia a good place for you to work as a Loan Officer?

14.4% Jobs Projection
$63,860 Median Salary
940 Job Openings

You’re in luck! Jobs for Loan Officers in Virginia are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in Virginia is growing faster than average.

  • Loan Officers in Virginia earn higher salaries than the typical U.S. wage earner.

How Many Loan Officers Work in Virginia?

There were approximately 10,140 workers employed as Loan Officers in this state in 2018.

There were 9,290 Loan Officers employed in this state in 2017.

That’s growth of 850 jobs between 2017 and 2018.

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The typical state has 4,250 Loan Officers working in it, which means Virginia has more Loan Officers than average.

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Job Projections for Virginia

Jobs for Loan Officers in this state are growing at a rate of 14.4% which is faster than the nationwide estimated projection of 11.4%.

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Virginia Annual Job Openings

The BLS estimates 940 annual job openings, and a total of 10,830 jobs for Virginia 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 Virginia?

In 2018 wages for Loan Officers ranged from $34,670 to $142,760 with $63,860 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $16.67 to $68.63. The median hourly rate was $30.7.

Workers in this field were paid a median of $33.11 an hour in 2017.

The hourly rate declined by $2.41.

The median salary in Virginia is higher than the nationwide median salary.

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Top Virginia 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
Washington-Arlington-Alexandria, DC-VA-MD-WV 6,880 $69,660
Richmond, VA 2,000 $60,580
Virginia Beach-Norfolk-Newport News, VA-NC 1,380 $56,670
Roanoke, VA 350 $60,550
Charlottesville, VA 180 $58,600
Lynchburg, VA 170 $57,530
Harrisonburg, VA 170 n/a
Kingsport-Bristol-Bristol, TN-VA 160 $56,190
Blacksburg-Christiansburg-Radford, VA 90 $64,480
Staunton-Waynesboro, VA 90 $44,800

Top States for Loan Officers Employment

The table below shows the states 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

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References

More about our data sources and methodologies.

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