Loan Officer salary in Spokane-Spokane Valley, WA
Loan Officers in the Spokane-Spokane Valley, WA metro area earn a median of $77,220 a year ($37.12 an hour), based on BLS data for 680 workers.
Pay ranges from $42,000 for the lowest-paid 10% to $149,760 for the top 10%. That is 1% higher than the national median of $76,690. Pay here is 4% lower than the Washington statewide median of $80,120. There are 2.7 loan officers per 1,000 jobs here — the job is 1.5× more common than nationally. The average (mean) salary is $88,620, above the median because a few high earners pull it up.
Pay range for loan officers in Spokane-Spokane Valley, WA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $42,000 | $20.19 |
| 25th percentile | $56,520 | $27.17 |
| Median | $77,220 | $37.12 |
| 75th percentile | $104,350 | $50.17 |
| 90th percentile (top earners) | $149,760 | $72.00 |
| Average (mean) | $88,620 | $42.61 |
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 | $6,435 |
| Semi-monthly (24 a year) | $3,217.50 |
| Biweekly (26 a year) | $2,970 |
| Weekly | $1,485 |
| Hourly | $37.12 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $77,220 salary, see how much house you can afford in Washington 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 |
|---|---|---|
| Portland-Vancouver-Hillsboro, OR-WA | $96,100 | 2,840 |
| Mount Vernon-Anacortes, WA | $84,060 | 80 |
| Seattle-Tacoma-Bellevue, WA | $83,720 | 3,110 |
| Walla Walla, WA | $82,730 | 60 |
| Wenatchee-East Wenatchee, WA | $82,170 | 90 |
| Longview-Kelso, WA | $78,940 | 90 |
| Yakima, WA | $78,850 | 100 |
| Bellingham, WA | $77,670 | 210 |
| Bremerton-Silverdale-Port Orchard, WA | $75,010 | 140 |
| Lewiston, ID-WA | $74,190 | 60 |
| Olympia-Lacey-Tumwater, WA | $74,130 | 200 |
| Kennewick-Richland, WA | $72,690 | 230 |
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 Washington statewide figures.
Related jobs in Spokane-Spokane Valley, WA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $86,350 | $41.51 |
| Financial and Investment Analysts | $80,660 | $38.78 |
| Personal Financial Advisor | $99,350 | $47.77 |
| Insurance Underwriter | $83,630 | $40.21 |
| Financial Specialists, All Other | $75,070 | $36.09 |
| Credit Analyst | $90,790 | $43.65 |
| Tax Preparer | $40,160 | $19.31 |
| Financial Risk Specialist | $108,540 | $52.18 |
| Property Appraisers and Assessors | $65,810 | $31.64 |
| Budget Analyst | $88,810 | $42.70 |
| Credit Counselor | $56,060 | $26.95 |
| Business Operations Specialists, All Other | $79,270 | $38.11 |
| Project Management Specialist | $98,840 | $47.52 |
| Human Resources Specialist | $74,430 | $35.79 |
More: Business and Financial Operations Occupations · all salaries in Spokane-Spokane Valley, WA
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 Spokane-Spokane Valley, WA?
The median salary for loan officers in the Spokane-Spokane Valley, WA metro area is $77,220 a year, or $37.12 an hour. Pay ranges from $42,000 for the lowest-paid 10% to $149,760 for the top 10%.
How much do the highest-paid loan officers make in Spokane-Spokane Valley, WA?
The top 10% of loan officers in the Spokane-Spokane Valley, WA metro area earn at least $149,760 a year. The top 25% earn $104,350 or more.
What is the starting pay for loan officers in Spokane-Spokane Valley, WA?
Entry-level pay (the 10th percentile) is about $42,000 a year, and a quarter of loan officers earn $56,520 or less.
How many loan officers work in Spokane-Spokane Valley, WA?
About 680 loan officers are employed in the Spokane-Spokane Valley, WA metro area, not counting the self-employed.