Loan Officer salary in Alabama
Loan Officers in Alabama earn a median of $66,710 a year ($32.07 an hour), based on BLS data for 5,050 workers.
Pay ranges from $42,090 for the lowest-paid 10% to $155,660 for the top 10%. That is 13% lower than the national median of $76,690. Alabama ranks 39th of 51 states for loan officers pay. There are 2.4 loan officers per 1,000 jobs here — the job is 1.4× more common than nationally. The average (mean) salary is $83,410, above the median because a few high earners pull it up.
Pay range for loan officers in Alabama
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $42,090 | $20.23 |
| 25th percentile | $49,470 | $23.79 |
| Median | $66,710 | $32.07 |
| 75th percentile | $102,990 | $49.51 |
| 90th percentile (top earners) | $155,660 | $74.84 |
| Average (mean) | $83,410 | $40.10 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,559.17 |
| Semi-monthly (24 a year) | $2,779.58 |
| Biweekly (26 a year) | $2,565.77 |
| Weekly | $1,282.88 |
| Hourly | $32.07 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $66,710 salary, see how much house you can afford in Alabama at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in cities in Alabama
| Metro area | Median salary | Workers |
|---|---|---|
| Huntsville, AL | $76,970 | 320 |
| Mobile, AL | $72,860 | 260 |
| Auburn-Opelika, AL | $71,860 | 130 |
| Decatur, AL | $69,800 | 120 |
| Birmingham, AL | $66,740 | 1,730 |
| Daphne-Fairhope-Foley, AL | $66,250 | 180 |
| Dothan, AL | $66,230 | 150 |
| Tuscaloosa, AL | $64,080 | 250 |
| Florence-Muscle Shoals, AL | $63,870 | 150 |
| Montgomery, AL | $63,510 | 380 |
| Anniston-Oxford, AL | $61,740 | 100 |
| Gadsden, AL | $54,360 | 100 |
| Columbus, GA-AL | $50,010 | 170 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
Related jobs in Alabama
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $74,880 | $36.00 |
| Financial and Investment Analysts | $91,290 | $43.89 |
| Personal Financial Advisor | $77,990 | $37.50 |
| Insurance Underwriter | $62,220 | $29.92 |
| Tax Examiners and Collectors, and Revenue Agents | $58,100 | $27.93 |
| Budget Analyst | $99,490 | $47.83 |
| Property Appraisers and Assessors | $61,370 | $29.51 |
| Financial Specialists, All Other | $87,110 | $41.88 |
| Credit Analyst | $79,970 | $38.45 |
| Tax Preparer | $33,280 | $16.00 |
| Financial Risk Specialist | $81,750 | $39.31 |
| Credit Counselor | $48,120 | $23.14 |
| Human Resources Specialist | $64,940 | $31.22 |
| Buyers and Purchasing Agents | $74,030 | $35.59 |
More: Business and Financial Operations Occupations · all salaries in Alabama
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Alabama?
The median salary for loan officers in Alabama is $66,710 a year, or $32.07 an hour. Pay ranges from $42,090 for the lowest-paid 10% to $155,660 for the top 10%.
How much do the highest-paid loan officers make in Alabama?
The top 10% of loan officers in Alabama earn at least $155,660 a year. The top 25% earn $102,990 or more.
What is the starting pay for loan officers in Alabama?
Entry-level pay (the 10th percentile) is about $42,090 a year, and a quarter of loan officers earn $49,470 or less.
How many loan officers work in Alabama?
About 5,050 loan officers are employed in Alabama, not counting the self-employed.