Loan Officers pay in Richmond
In Richmond (VA), the median pay for loan officers is $33.47 an hour ($69,610 a year). About 1,480 people work in this job there.
That is 9% lower than the U.S. median ($76,690). It is 11% lower than the Virginia median ($78,320).
Pay range for loan officers in Richmond (VA)
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $19.32 | $40,190 |
| 25% of workers | $23.99 | $49,900 |
| Half of workers (median) | $33.47 | $69,610 |
| 75% of workers | $45.12 | $93,850 |
| 90% of workers | $62.05 | $129,060 |
Loan Officers pay in Virginia metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Blacksburg-Christiansburg-Radford | $85,610 | 90 |
| Richmond (this page) | $69,610 | 1,480 |
| Harrisonburg | $65,010 | 100 |
| Roanoke | $64,720 | 320 |
| Virginia Beach-Chesapeake-Norfolk | $64,080 | 1,260 |
| Staunton-Stuarts Draft | $63,390 | 70 |
| Winchester | $63,320 | 280 |
| Charlottesville | $60,610 | 480 |
| Lynchburg | $58,550 | 140 |
Virginia unemployment rate: 3.6% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in Richmond (VA)
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $84,220 |
| Financial and Investment Analysts | $104,160 |
| Personal Financial Advisors | $110,910 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.