Loan Officer salary in Colorado
Loan Officers in Colorado earn a median of $94,520 a year ($45.44 an hour), based on BLS data for 3,230 workers.
Pay ranges from $39,430 for the lowest-paid 10% to $165,370 for the top 10%. That is 23% higher than the national median of $76,690. Colorado ranks 5th of 51 states for loan officers pay, one of the best-paying states for this job. There are 1.1 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.64). The average (mean) salary is $97,840, above the median because a few high earners pull it up.
Pay range for loan officers in Colorado
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $39,430 | $18.96 |
| 25th percentile | $60,730 | $29.20 |
| Median | $94,520 | $45.44 |
| 75th percentile | $125,430 | $60.30 |
| 90th percentile (top earners) | $165,370 | $79.51 |
| Average (mean) | $97,840 | $47.04 |
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 | $7,876.67 |
| Semi-monthly (24 a year) | $3,938.33 |
| Biweekly (26 a year) | $3,635.38 |
| Weekly | $1,817.69 |
| Hourly | $45.44 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $94,520 salary, see how much house you can afford in Colorado at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in cities in Colorado
| Metro area | Median salary | Workers |
|---|---|---|
| Denver-Aurora-Centennial, CO | $100,130 | 1,970 |
| Fort Collins-Loveland, CO | $98,450 | 160 |
| Pueblo, CO | $87,110 | 40 |
| Colorado Springs, CO | $79,770 | 380 |
| Greeley, CO | $79,660 | 80 |
| Boulder, CO | $78,250 | 90 |
| Grand Junction, CO | $74,080 | 60 |
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 Colorado
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $97,030 | $46.65 |
| Financial and Investment Analysts | $103,850 | $49.93 |
| Personal Financial Advisor | $89,280 | $42.92 |
| Financial Specialists, All Other | $87,430 | $42.03 |
| Insurance Underwriter | $100,640 | $48.38 |
| Financial Examiner | $99,610 | $47.89 |
| Tax Preparer | $62,620 | $30.11 |
| Budget Analyst | $97,100 | $46.68 |
| Property Appraisers and Assessors | $75,150 | $36.13 |
| Financial Risk Specialist | $120,300 | $57.84 |
| Credit Analyst | $81,270 | $39.07 |
| Tax Examiners and Collectors, and Revenue Agents | $69,740 | $33.53 |
| Credit Counselor | $57,130 | $27.47 |
| Business Operations Specialists, All Other | $92,520 | $44.48 |
More: Business and Financial Operations Occupations · all salaries in Colorado
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 Colorado?
The median salary for loan officers in Colorado is $94,520 a year, or $45.44 an hour. Pay ranges from $39,430 for the lowest-paid 10% to $165,370 for the top 10%.
How much do the highest-paid loan officers make in Colorado?
The top 10% of loan officers in Colorado earn at least $165,370 a year. The top 25% earn $125,430 or more.
What is the starting pay for loan officers in Colorado?
Entry-level pay (the 10th percentile) is about $39,430 a year, and a quarter of loan officers earn $60,730 or less.
How many loan officers work in Colorado?
About 3,230 loan officers are employed in Colorado, not counting the self-employed.