Loan Officer salary in Santa Fe, NM
Loan Officers in the Santa Fe, NM metro area earn a median of $52,960 a year ($25.46 an hour), based on BLS data for 120 workers.
Pay ranges from $27,690 for the lowest-paid 10% to $118,300 for the top 10%. That is 31% lower than the national median of $76,690. Pay here is 15% lower than the New Mexico statewide median of $62,610. There are 1.9 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $69,140, above the median because a few high earners pull it up.
Pay range for loan officers in Santa Fe, NM
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $27,690 | $13.31 |
| 25th percentile | $47,720 | $22.94 |
| Median | $52,960 | $25.46 |
| 75th percentile | $92,040 | $44.25 |
| 90th percentile (top earners) | $118,300 | $56.87 |
| Average (mean) | $69,140 | $33.24 |
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 | $4,413.33 |
| Semi-monthly (24 a year) | $2,206.67 |
| Biweekly (26 a year) | $2,036.92 |
| Weekly | $1,018.46 |
| Hourly | $25.46 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $52,960 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 |
|---|---|---|
| Albuquerque, NM | $62,250 | 630 |
| Las Cruces, NM | $61,110 | 80 |
| Farmington, NM | $58,740 | 40 |
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 Santa Fe, NM
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $72,780 | $34.99 |
| Financial and Investment Analysts | $86,860 | $41.76 |
| Personal Financial Advisor | $138,790 | $66.72 |
| Financial Specialists, All Other | $52,420 | $25.20 |
| Budget Analyst | $74,730 | $35.93 |
| Business Operations Specialists, All Other | $67,560 | $32.48 |
| Management Analyst | $68,560 | $32.96 |
| Human Resources Specialist | $71,300 | $34.28 |
| Project Management Specialist | $89,380 | $42.97 |
| Buyers and Purchasing Agents | $73,800 | $35.48 |
| Compliance Officer | $62,380 | $29.99 |
| Market Research Analysts and Marketing Specialists | $60,560 | $29.12 |
| Training and Development Specialists | $60,760 | $29.21 |
| Cost Estimator | $61,570 | $29.60 |
More: Business and Financial Operations Occupations · all salaries in Santa Fe, 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 Santa Fe, NM?
The median salary for loan officers in the Santa Fe, NM metro area is $52,960 a year, or $25.46 an hour. Pay ranges from $27,690 for the lowest-paid 10% to $118,300 for the top 10%.
How much do the highest-paid loan officers make in Santa Fe, NM?
The top 10% of loan officers in the Santa Fe, NM metro area earn at least $118,300 a year. The top 25% earn $92,040 or more.
What is the starting pay for loan officers in Santa Fe, NM?
Entry-level pay (the 10th percentile) is about $27,690 a year, and a quarter of loan officers earn $47,720 or less.
How many loan officers work in Santa Fe, NM?
About 120 loan officers are employed in the Santa Fe, NM metro area, not counting the self-employed.