Loan Officer salary in Albuquerque, NM
Loan Officers in the Albuquerque, NM metro area earn a median of $62,250 a year ($29.93 an hour), based on BLS data for 630 workers.
Pay ranges from $26,240 for the lowest-paid 10% to $104,500 for the top 10%. That is 19% lower than the national median of $76,690. Pay here is 1% lower than the New Mexico statewide median of $62,610. There are 1.6 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $73,830, above the median because a few high earners pull it up.
Pay range for loan officers in Albuquerque, NM
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $26,240 | $12.62 |
| 25th percentile | $47,160 | $22.67 |
| Median | $62,250 | $29.93 |
| 75th percentile | $83,880 | $40.33 |
| 90th percentile (top earners) | $104,500 | $50.24 |
| Average (mean) | $73,830 | $35.50 |
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 | $5,187.50 |
| Semi-monthly (24 a year) | $2,593.75 |
| Biweekly (26 a year) | $2,394.23 |
| Weekly | $1,197.12 |
| Hourly | $29.93 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $62,250 salary, see how much house you can afford in New Mexico at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Las Cruces, NM | $61,110 | 80 |
| Farmington, NM | $58,740 | 40 |
| Santa Fe, NM | $52,960 | 120 |
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 |
See Loan Officer pay in every state or the New Mexico statewide figures.
Related jobs in Albuquerque, NM
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,880 | $38.41 |
| Financial and Investment Analysts | $86,420 | $41.55 |
| Financial Specialists, All Other | $86,490 | $41.58 |
| Budget Analyst | $97,780 | $47.01 |
| Personal Financial Advisor | $95,990 | $46.15 |
| Property Appraisers and Assessors | $47,000 | $22.60 |
| Tax Preparer | $38,490 | $18.51 |
| Financial Examiner | $68,440 | $32.90 |
| Financial Risk Specialist | $83,190 | $40.00 |
| Tax Examiners and Collectors, and Revenue Agents | $54,950 | $26.42 |
| Credit Counselor | $52,290 | $25.14 |
| Credit Analyst | $74,880 | $36.00 |
| Insurance Underwriter | $70,150 | $33.73 |
| Business Operations Specialists, All Other | $81,070 | $38.97 |
More: Business and Financial Operations Occupations · all salaries in Albuquerque, NM
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 Albuquerque, NM?
The median salary for loan officers in the Albuquerque, NM metro area is $62,250 a year, or $29.93 an hour. Pay ranges from $26,240 for the lowest-paid 10% to $104,500 for the top 10%.
How much do the highest-paid loan officers make in Albuquerque, NM?
The top 10% of loan officers in the Albuquerque, NM metro area earn at least $104,500 a year. The top 25% earn $83,880 or more.
What is the starting pay for loan officers in Albuquerque, NM?
Entry-level pay (the 10th percentile) is about $26,240 a year, and a quarter of loan officers earn $47,160 or less.
How many loan officers work in Albuquerque, NM?
About 630 loan officers are employed in the Albuquerque, NM metro area, not counting the self-employed.