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Career and Education Opportunities for Loan Officers in New Hampshire

New Hampshire has a population of 1,324,575, which has grown by 7.18% in the last 10 years. Nicknamed the "Granite State," its capital is Concord, though its biggest city is Manchester.

There are currently 1,430 working loan officers in New Hampshire; this should grow by 12% to about 1,600 working loan officers in the state by 2016. This is better than the nation as a whole, where employment opportunities for loan officers are expected to grow by about 10.1%. Loan officers generally evaluate, authorize, or recommend approval of commercial, real estate, or credit loans.

The income of a loan officer is about $26 per hour or $55,690 yearly on average in New Hampshire. In the U.S. as a whole, their income is about $26 hourly or $54,700 annually on average. Earnings for loan officers are better than earnings in the general category of Accounting and Auditing in New Hampshire and not quite as good as general Accounting and Auditing category earnings nationally. People working as loan officers can fill a number of jobs, such as: loan reviewer, loan auditor, and loan specialist.

In 2008, there were a total of 857,040 jobs in New Hampshire. The average annual income was $43,423 in 2008, up from $42,665 the previous year. The unemployment rate in New Hampshire was 6.3% in 2009, which has grown by 2.4% since the previous year. About 28.7% of New Hampshire residents have college degrees, which is higher than the national average.

The top industries in New Hampshire include retail trade, motor vehicle dealers, and automobile dealers. Notable tourist attractions include the Tri, the Franco Americain Centre, and the Currier Museum of Art.

CITIES WITH Loan Officer OPPORTUNITIES IN New Hampshire


JOB DESCRIPTION: Loan Officer

Loan Officer video from the State of New Jersey Dept. of Labor and Workforce Development

In general, loan officers evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. They also advise borrowers on financial status and methods of payments.

Every day, loan officers are expected to be able to articulate ideas and problems. They need to see details at a very fine level of focus. It is also important that they listen to and understand others in meetings.

Similar jobs with educational opportunities in New Hampshire include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

LOCATION INFORMATION: New Hampshire

New Hampshire
New Hampshire photo by JohnJHenderson

New Hampshire has a population of 1,324,575, which has grown by 7.18% in the last 10 years. Nicknamed the "Granite State," its capital is Concord, though its biggest city is Manchester. In 2008, there were a total of 857,040 jobs in New Hampshire. The average annual income was $43,423 in 2008, up from $42,665 the previous year. The unemployment rate in New Hampshire was 6.3% in 2009, which has grown by 2.4% since the previous year. Approximately 28.7% of New Hampshire residents have college degrees, which is higher than the national average.

The top industries in New Hampshire include retail trade, motor vehicle dealers, and automobile dealers. Notable tourist attractions include the Tri, the Queen City Speedway, and the See.