Loan Officer salary in Provo-Orem-Lehi, UT
Loan Officers in the Provo-Orem-Lehi, UT metro area earn a median of $56,570 a year ($27.20 an hour), based on BLS data for 700 workers.
Pay ranges from $36,170 for the lowest-paid 10% to $127,780 for the top 10%. That is 26% lower than the national median of $76,690. Pay here is 5% lower than the Utah statewide median of $59,440. There are 2.3 loan officers per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $69,390, above the median because a few high earners pull it up.
Pay range for loan officers in Provo-Orem-Lehi, UT
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $36,170 | $17.39 |
| 25th percentile | $43,410 | $20.87 |
| Median | $56,570 | $27.20 |
| 75th percentile | $83,030 | $39.92 |
| 90th percentile (top earners) | $127,780 | $61.43 |
| Average (mean) | $69,390 | $33.36 |
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 | $4,714.17 |
| Semi-monthly (24 a year) | $2,357.08 |
| Biweekly (26 a year) | $2,175.77 |
| Weekly | $1,087.88 |
| Hourly | $27.20 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $56,570 salary, see how much house you can afford in Utah 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 |
|---|---|---|
| Salt Lake City-Murray, UT | $61,150 | n/a |
| Logan, UT-ID | $59,490 | 90 |
| St. George, UT | $51,760 | 130 |
| Ogden, UT | $50,410 | 480 |
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 Utah statewide figures.
Related jobs in Provo-Orem-Lehi, UT
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,700 | $36.39 |
| Financial and Investment Analysts | $97,520 | $46.88 |
| Financial Specialists, All Other | $68,000 | $32.69 |
| Tax Preparer | $64,240 | $30.89 |
| Personal Financial Advisor | $96,070 | $46.19 |
| Property Appraisers and Assessors | $62,890 | $30.24 |
| Credit Analyst | $63,380 | $30.47 |
| Financial Risk Specialist | $74,540 | $35.84 |
| Insurance Underwriter | $74,340 | $35.74 |
| Market Research Analysts and Marketing Specialists | $62,960 | $30.27 |
| Project Management Specialist | $88,180 | $42.40 |
| Human Resources Specialist | $73,330 | $35.25 |
| Management Analyst | $63,690 | $30.62 |
| Training and Development Specialists | $61,820 | $29.72 |
More: Business and Financial Operations Occupations · all salaries in Provo-Orem-Lehi, UT
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 Provo-Orem-Lehi, UT?
The median salary for loan officers in the Provo-Orem-Lehi, UT metro area is $56,570 a year, or $27.20 an hour. Pay ranges from $36,170 for the lowest-paid 10% to $127,780 for the top 10%.
How much do the highest-paid loan officers make in Provo-Orem-Lehi, UT?
The top 10% of loan officers in the Provo-Orem-Lehi, UT metro area earn at least $127,780 a year. The top 25% earn $83,030 or more.
What is the starting pay for loan officers in Provo-Orem-Lehi, UT?
Entry-level pay (the 10th percentile) is about $36,170 a year, and a quarter of loan officers earn $43,410 or less.
How many loan officers work in Provo-Orem-Lehi, UT?
About 700 loan officers are employed in the Provo-Orem-Lehi, UT metro area, not counting the self-employed.