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Loan Officers: apprenticeship hours and pay
O*NET-SOC 13-2072.00
Approved apprenticeship titles
One apprenticeship title on the Department of Labor's approved list fall under Loan Officers, trained competency-based, hybrid, time-based. The shortest approved term is 4,000 hours, for Loan Officer (NOF) (competency-based).
| Title | RAPIDS code | Approach and term |
|---|---|---|
| Loan Officer (NOF) | 3071 | Competency-Based: 4,000 hours Hybrid: 4,000 to 6,000 hours Time-Based: 4,000 hours |
Time-based programs count hours on the job; competency-based programs move on when the apprentice shows the skills; hybrid programs use both, within a range of hours (29 CFR 29.5(b)(2)). Each registered program sets its own term inside what the approved title allows.
What loan officers earn, by state
Massachusetts has the highest state median for loan officers ($101,600) and Puerto Rico the lowest ($35,730), across the 54 states with a published figure.
| State | Median pay | Hourly | Jobs |
|---|---|---|---|
| Massachusetts | $101,600 | $48.85 | 4,470 |
| Connecticut | $95,730 | $46.03 | 2,220 |
| New York | $95,710 | $46.01 | 10,840 |
| Minnesota | $95,170 | $45.76 | 6,430 |
| Colorado | $94,520 | $45.44 | 3,230 |
| Oregon | $94,440 | $45.40 | 4,220 |
| New Jersey | $92,920 | $44.67 | 6,200 |
| District of Columbia | $92,890 | $44.66 | 370 |
| Vermont | $88,710 | $42.65 | 350 |
| Kansas | $86,970 | $41.81 | 3,540 |
| North Dakota | $84,650 | $40.70 | 1,370 |
| Iowa | $83,670 | $40.23 | 2,840 |
| Delaware | $83,130 | $39.97 | 1,420 |
| Maine | $81,900 | $39.38 | 1,060 |
| California | $81,770 | $39.31 | 25,790 |
| New Hampshire | $80,660 | $38.78 | 1,120 |
| Washington | $80,120 | $38.52 | 6,040 |
| South Dakota | $79,920 | $38.42 | 1,820 |
| Nebraska | $79,840 | $38.39 | 2,710 |
| Wyoming | $79,620 | $38.28 | 740 |
| Illinois | $79,150 | $38.05 | 10,890 |
| Virginia | $78,320 | $37.66 | 8,790 |
| Wisconsin | $78,290 | $37.64 | 4,940 |
| Rhode Island | $77,250 | $37.14 | 1,290 |
| Ohio | $76,370 | $36.71 | 9,880 |
| North Carolina | $75,920 | $36.50 | 10,700 |
| Michigan | $74,470 | $35.80 | 11,340 |
| Missouri | $73,660 | $35.41 | 7,050 |
| Maryland | $73,580 | $35.37 | 3,850 |
| Oklahoma | $72,990 | $35.09 | 4,100 |
| Indiana | $72,960 | $35.08 | 4,790 |
| Alaska | $72,800 | $35.00 | 490 |
| Montana | $71,570 | $34.41 | 1,180 |
| Florida | $71,090 | $34.18 | 18,830 |
| Idaho | $71,070 | $34.17 | 2,030 |
| Arkansas | $70,260 | $33.78 | 2,610 |
| Pennsylvania | $69,300 | $33.32 | 8,140 |
| Georgia | $68,490 | $32.93 | 9,540 |
| Alabama | $66,710 | $32.07 | 5,050 |
| Texas | $66,370 | $31.91 | 21,200 |
| Nevada | $64,500 | $31.01 | 2,580 |
| Hawaii | $63,740 | $30.65 | 980 |
| South Carolina | $63,220 | $30.39 | 4,140 |
| Tennessee | $62,800 | $30.19 | 6,510 |
| New Mexico | $62,610 | $30.10 | 1,140 |
| Arizona | $62,160 | $29.88 | 10,020 |
| Kentucky | $62,090 | $29.85 | 3,940 |
| Louisiana | $61,110 | $29.38 | 2,810 |
| Mississippi | $60,260 | $28.97 | 3,450 |
| Utah | $59,440 | $28.58 | 3,990 |
| West Virginia | $57,580 | $27.68 | 1,290 |
| Guam | $45,180 | $21.72 | 60 |
| U.S. Virgin Islands | $44,780 | $21.53 | 50 |
| Puerto Rico | $35,730 | $17.18 | 2,360 |
Finding a program
The public sponsor file names the organizations that run registered apprenticeships but not the occupations each one trains, so this guide names no sponsor. Search apprenticeship.gov's Apprenticeship Finder for this title, or ask your American Job Center which local programs train it.
Apprenticeship sponsors by state (25,633) · All approved occupations
Sources: apprenticeship.gov approved occupations list (Last-Modified October 8, 2026); BLS Occupational Employment and Wage Statistics, May 2025 (all industries; blanks are figures BLS does not publish).