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Loan Officer Salary Information in Texas

The average annual and hourly salaries for loan officers in the state of Texas are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Texas metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in Texas

Percentile BracketAverage Annual Salary
10th Percentile Wage
$36,150
25th Percentile Wage
$49,820
50th Percentile Wage
$68,590
75th Percentile Wage
$103,530
90th Percentile Wage
$143,810

Table 1 shows the average annual salary for loan officers in Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $143,810. The median (50th percentile) annual salary is $68,590. The average annual salary for the bottom 10 percent is $36,150.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$17.38
25th Percentile Wage
$23.95
50th Percentile Wage
$32.97
75th Percentile Wage
$49.78
90th Percentile Wage
$69.14

Table 2 shows the average hourly salary for loan officers in Texas in 5 percentile scales. The average hourly salary for the 90th percentile is $69.14. The median hourly salary is $32.97. The average hourly salary for the bottom 10 percent is $17.38.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201668,5905.70%15.19%
201564,6802.47%-
201463,0806.01%-
201359,2901.89%-
201258,170--

Table 3. Median Annual Salary of Loan Officers in Texas Cities

Table 3 shows the median annual salary of loan officers in some Texas cities and metropolitan areas. We note that the median annual salary of loan officers in state of Texas ranges from $38,690 to $94,930. The highest paying area for loan officers in Texas is Laredo with a median annual salary of $94,930. The second highest paying city/area in Texas State is Houston-Sugar Land-Baytown (mean annual salary $92,290). The lowest paying area is Brownsville-Harlingen with a median annual salary of $38,690.

Cities/Areas Median Annual Salary
Laredo
$94,930
Houston-Sugar Land-Baytown
$92,290
Victoria
$91,690
Amarillo
$89,350
Tyler
$85,690
College Station-Bryan
$84,210
Lubbock
$81,460
Northwestern Texas nonmetropolitan area
$79,990
McAllen-Edinburg-Mission
$77,110
Sherman-Denison
$76,750
Austin-Round Rock-San Marcos
$75,520
Killeen-Temple-Fort Hood
$73,060
San Angelo
$71,430
Abilene
$68,960
Dallas-Plano-Irving
$68,660
Dallas-Fort Worth-Arlington
$66,730
Wichita Falls
$65,600
Odessa
$64,240
San Antonio-New Braunfels
$62,710
Waco
$62,130
Fort Worth-Arlington
$61,170
Central Texas nonmetropolitan area
$60,890
Beaumont-Port Arthur
$59,630
North Central Texas nonmetropolitan area
$59,450
Gulf Coast Texas nonmetropolitan area
$59,150
Texarkana-Texarkana
$57,690
Longview
$54,560
Eastern Texas nonmetropolitan area
$52,980
Corpus Christi
$48,610
Midland
$45,830
El Paso
$45,320
Southern Texas nonmetropolitan area
$41,140
Brownsville-Harlingen
$38,690


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