Loan Officer salary in Daphne-Fairhope-Foley, AL
Loan Officers in the Daphne-Fairhope-Foley, AL metro area earn a median of $66,250 a year ($31.85 an hour), based on BLS data for 180 workers.
Pay ranges from $37,440 for the lowest-paid 10% to $140,540 for the top 10%. That is 14% lower than the national median of $76,690. Pay here is 1% lower than the Alabama statewide median of $66,710. There are 2.1 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $80,320, above the median because a few high earners pull it up.
Pay range for loan officers in Daphne-Fairhope-Foley, AL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $37,440 | $18.00 |
| 25th percentile | $45,470 | $21.86 |
| Median | $66,250 | $31.85 |
| 75th percentile | $103,650 | $49.83 |
| 90th percentile (top earners) | $140,540 | $67.57 |
| Average (mean) | $80,320 | $38.61 |
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 | $5,520.83 |
| Semi-monthly (24 a year) | $2,760.42 |
| Biweekly (26 a year) | $2,548.08 |
| Weekly | $1,274.04 |
| Hourly | $31.85 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $66,250 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 other metro areas nearby
| 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 |
| 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 |
See Loan Officer pay in every state or the Alabama statewide figures.
Related jobs in Daphne-Fairhope-Foley, AL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $71,230 | $34.25 |
| Personal Financial Advisor | $74,820 | $35.97 |
| Tax Examiners and Collectors, and Revenue Agents | $56,210 | $27.02 |
| Insurance Underwriter | $43,540 | $20.93 |
| Financial and Investment Analysts | $90,450 | $43.49 |
| Human Resources Specialist | $62,570 | $30.08 |
| Market Research Analysts and Marketing Specialists | $57,000 | $27.40 |
| Buyers and Purchasing Agents | $65,370 | $31.43 |
| Cost Estimator | $65,670 | $31.57 |
| Compliance Officer | $69,220 | $33.28 |
| Business Operations Specialists, All Other | $78,840 | $37.91 |
| Logistician | $63,950 | $30.74 |
| Management Analyst | $126,810 | $60.97 |
| Claims Adjusters, Examiners, and Investigators | $78,560 | $37.77 |
More: Business and Financial Operations Occupations · all salaries in Daphne-Fairhope-Foley, AL
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 Daphne-Fairhope-Foley, AL?
The median salary for loan officers in the Daphne-Fairhope-Foley, AL metro area is $66,250 a year, or $31.85 an hour. Pay ranges from $37,440 for the lowest-paid 10% to $140,540 for the top 10%.
How much do the highest-paid loan officers make in Daphne-Fairhope-Foley, AL?
The top 10% of loan officers in the Daphne-Fairhope-Foley, AL metro area earn at least $140,540 a year. The top 25% earn $103,650 or more.
What is the starting pay for loan officers in Daphne-Fairhope-Foley, AL?
Entry-level pay (the 10th percentile) is about $37,440 a year, and a quarter of loan officers earn $45,470 or less.
How many loan officers work in Daphne-Fairhope-Foley, AL?
About 180 loan officers are employed in the Daphne-Fairhope-Foley, AL metro area, not counting the self-employed.