Earning a six-figure income from home in 2024 without a college degree is achievable, particularly for those skilled with numbers. Loan officers rank as the second-best job in the U.S. according to Indeed, attributed to the impressive salary and increasing market demand.
The average income for loan officers is a noteworthy $192,339, based on Indeed’s research. Additionally, these positions frequently offer remote or hybrid work settings. Indeed’s job posts indicate that roughly 75% of loan officer roles include these flexible options.
Loan officers’ duties involve aiding individuals and businesses in applying for loans, including reviewing financial information and guiding them through the application process.
The need for loan officers is expanding, especially in sectors like real estate, education, and e-commerce, all grappling with economic strains and a challenging housing market. Scott Dobroski of Indeed mentions that although banks are cautious with loans due to recession worries, the demand for services like mortgages remains steady. “There’s always a need for loans, regardless of market changes,” Dobroski states.
