Loan Officer salary in Phoenix-Mesa-Chandler, AZ
Loan Officers in the Phoenix-Mesa-Chandler, AZ metro area earn a median of $61,850 a year ($29.73 an hour), based on BLS data for 8,350 workers.
Pay ranges from $35,840 for the lowest-paid 10% to $133,850 for the top 10%. That is 19% lower than the national median of $76,690. Pay here is about the same as the Arizona statewide median of $62,160. There are 3.5 loan officers per 1,000 jobs here — the job is 2.0× more common than nationally. The average (mean) salary is $76,460, above the median because a few high earners pull it up.
Pay range for loan officers in Phoenix-Mesa-Chandler, AZ
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $35,840 | $17.23 |
| 25th percentile | $47,900 | $23.03 |
| Median | $61,850 | $29.73 |
| 75th percentile | $100,880 | $48.50 |
| 90th percentile (top earners) | $133,850 | $64.35 |
| Average (mean) | $76,460 | $36.76 |
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 | $5,154.17 |
| Semi-monthly (24 a year) | $2,577.08 |
| Biweekly (26 a year) | $2,378.85 |
| Weekly | $1,189.42 |
| Hourly | $29.73 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $61,850 salary, see how much house you can afford in Arizona 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 |
|---|---|---|
| Flagstaff, AZ | $78,810 | 60 |
| Yuma, AZ | $61,110 | 80 |
| Prescott Valley-Prescott, AZ | $59,860 | 70 |
| Tucson, AZ | $58,440 | 500 |
| Lake Havasu City-Kingman, AZ | $55,180 | 90 |
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 Arizona statewide figures.
Related jobs in Phoenix-Mesa-Chandler, AZ
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $80,820 | $38.86 |
| Personal Financial Advisor | $103,680 | $49.85 |
| Financial and Investment Analysts | $94,700 | $45.53 |
| Insurance Underwriter | $77,740 | $37.38 |
| Credit Analyst | $77,020 | $37.03 |
| Financial Examiner | $80,490 | $38.70 |
| Tax Preparer | $44,770 | $21.52 |
| Financial Risk Specialist | $101,990 | $49.03 |
| Property Appraisers and Assessors | $51,250 | $24.64 |
| Credit Counselor | $54,110 | $26.02 |
| Financial Specialists, All Other | $81,440 | $39.15 |
| Budget Analyst | $84,810 | $40.78 |
| Tax Examiners and Collectors, and Revenue Agents | $95,060 | $45.70 |
| Project Management Specialist | $100,780 | $48.45 |
More: Business and Financial Operations Occupations · all salaries in Phoenix-Mesa-Chandler, AZ
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 Phoenix-Mesa-Chandler, AZ?
The median salary for loan officers in the Phoenix-Mesa-Chandler, AZ metro area is $61,850 a year, or $29.73 an hour. Pay ranges from $35,840 for the lowest-paid 10% to $133,850 for the top 10%.
How much do the highest-paid loan officers make in Phoenix-Mesa-Chandler, AZ?
The top 10% of loan officers in the Phoenix-Mesa-Chandler, AZ metro area earn at least $133,850 a year. The top 25% earn $100,880 or more.
What is the starting pay for loan officers in Phoenix-Mesa-Chandler, AZ?
Entry-level pay (the 10th percentile) is about $35,840 a year, and a quarter of loan officers earn $47,900 or less.
How many loan officers work in Phoenix-Mesa-Chandler, AZ?
About 8,350 loan officers are employed in the Phoenix-Mesa-Chandler, AZ metro area, not counting the self-employed.