Salary for
Construction Loan Officer in the United States

How much does a Construction Loan Officer earn in the United States? The average Construction Loan Officer salary in the United States is $90,093 as of March 28, 2019, but the range typically falls between $75,000 and $110,131. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View Cost of Living in Major Cities

Job Description

Develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy Approves loan within established limits or refers to loan to loan committee for approval. May be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree . Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience.

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Salary range for a Construction Loan Officer
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Average Base Salary

Core compensation

 
 
 
75000
110131
90093

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
76360
125273
98977
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Construction Loan Officer in the United States. The base salary for Construction Loan Officer ranges from $75,000 to $110,131 with the average base salary of $90,093. The total compensation, which includes bonus, health and retirement, can vary anywhere from $76,360 to $125,273 with the average total compensation of $98,977.
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75000
110131
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Career Path for this job

  1. This Job:

    Construction Loan Officer

    2 - 4 years experience
    Bachelor's Degree

  2. Up a level:

    Construction Loan Manager


    Bachelor's Degree

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Job Openings for Construction Loan Officer