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Loan Officer I Salary in the United States

How much does a Loan Officer I make in the United States?

As of January 01, 2026, the average salary for a Loan Officer I in the United States is $52,990 per year, which breaks down to an hourly rate of $25.

However, a Loan Officer I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $68,235
  • Majority Range (25th-75th percentile): $46,310 to $60,970
  • Entry-Level (10th percentile): $40,228
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View as table View as graph 25% $46,310 10% $40,228 90% $68,235 75% $60,970 $52,990 50%(Median) Didn’t find job title? Click

Loan Officer I Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $60,970 $5,081 $1,173 $29
Average $52,990 $4,416 $1,019 $25
25th Percentile $46,310 $3,859 $891 $22
Check out Loan Officer I Job Openings in the United States
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Key Factors That Influence Loan Officer I Salaries

A Loan Officer I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Officer I Salaries?

Experience is a primary driver of a Loan Officer I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $50,797
  • Early Career (1-2 years): $50,996
  • Mid-Level (2-4 years): $51,295
  • Senior-Level (5-8 years): $52,292
  • Expert (over 8 years): $53,586
Levels Salary
Entry Level Loan Officer I$50,797
Intermediate Level Loan Officer I$50,996
Senior Level Loan Officer I$51,295
Specialist Level Loan Officer I$52,292
Expert Level Loan Officer I$53,586
$50,797 0 yr
$50,996 < 2 yrs
$51,295 2-4 yrs
$52,292 5-8 yrs
$53,586 > 8 yrs
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What Am I Worth?

Top Paying Cities for Loan Officer Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $66,840
  • San Francisco: $66,180
  • Oakland: $64,710

What Skills Can Increase a Loan Officer I's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 8.13% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Customer Satisfaction (Mentioned in 2.05% Job Postings): Customer satisfaction (often abbreviated as CSAT, more correctly CSat) is a term frequently used in marketing. It is a measure of how products and services supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as "the number of customers, or percentage of total customers, whose reported experience with a firm, its products, or its services (ratings) exceeds specified satisfaction goals." The Marketing Accountability Standards Board (MASB) endorses the definitions, purposes, and constructs of classes of measures that appear in Marketing Metrics as part of its ongoing Common Language in Marketing Project. In a survey of nearly 200 senior marketing managers, 71 percent responded that they found a customer satisfaction metric very useful in managing and monitoring their businesses. It is seen as a key performance indicator within business and is often part of a Balanced Scorecard. In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy.
  • Microsoft Office (Mentioned in 1.37% Job Postings): Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
See More Skills
Skills Demand Percentage
Customer Service 8.13%
Customer Satisfaction 2.05%
Microsoft Office 1.37%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Officer I's salary.
  • Mortgage Banking: Can increase your salary by up to 16%.
  • Business Development: Can increase your salary by up to 11%.
  • Commitment: Can increase your salary by up to 9%.
Skill Salary Salary % Increase
Mortgage Banking
$61,468
16%
Business Development
$58,819
11%
Commitment
$57,759
9%
Lending Products
$57,229
8%
Presentation
$56,169
6%
Analysis
$56,169
6%
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How Education impacts a Loan Officer I's Salary?

Your level of education can impact your salary potential. While many Loan Officer Is enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Loan Officer I with a Bachelor's Degree is between $52,634 and $56,554).

Loan Officer I Salaries by Degree Level

Typical Education for Loan Officer I
Degree Level % of user with this level of education
No Diploma 3.3%
High School 8.2%
Associates 9.8%
Bachelors 65.6%
Masters 13.1%
Doctorate 0.0%
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Loan Officer I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Officer I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on January 01, 2026

Loan Officer I Salary Growth & Career Path

Promotions are the fastest way to increase your earnings. As a Loan Officer I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan Officer I Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Agricultural Lending Officer $101,400 91%
Construction Lending Officer $111,900 111%
Community Development Lending Officer $93,500 76%
Middle Market Loan Administration Specialist $56,800 7%

Salary Trends for Loan Officer I

Salaries for a Loan Officer I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $60,393 in 2023 to around $59,001 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Officer I salary trends, .

Average Annual Salary of Loan Officer I Over Time

2022
$???
2023
$60,393
2024
$59,406
2025
$59,001
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $60,393
2024 $59,406
2025 $59,001
2026
View More
2027
View More

Most common benefits for Loan Officer I

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Loan Officer I

Here are companies hiring for Loan Officer I and their salaries, click below for more details.

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Ready to take the next step in your career? Browse thousands of current Loan Officer I job openings on our job board. Use the search bar below to find your perfect match.

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FAQ about Loan Officer I

1. How much do loan officers make at US Bank?

Loan officers at U.S. Bank can expect a base salary ranging from approximately $46,720 to $58,020 per year, with a midpoint around $52,270. This figure represents the base salary, excluding any additional compensation or bonuses that may be available.

2. Do loan officers get paid a lot?

Loan officers typically earn between $46,720 and $58,020 annually, with a mid-salary of $52,270. Their income can vary significantly based on commission, which ranges from 0.2% to 2% of the total loan amount. For instance, a 1% commission on a $500,000 loan would yield $5,000, indicating potential for high earnings based on performance.

3. How fast can you become a loan officer?

The time it takes to become a loan officer depends on your schedule and how quickly you can complete the licensing requirements. Typically, it takes about 45 days to finish these requirements. As a loan officer, you can expect a salary ranging from $46,720 to $58,020, with a mid-salary of $52,270.

4. Are loan officers in demand?

The BLS projects an 11% increase in demand for loan officers between 2016 and 2026, which is above the national average for all careers. With salaries ranging from $46,720 to $58,020, a career as a loan officer offers competitive compensation and strong growth potential for those interested in the finance field.

5. Is the loan officer test hard?

The loan officer test can be quite challenging, featuring many deceptive questions aimed at catching examinees off guard. In California, the failure rate for first-time test takers is notably higher than that of real estate exams. Despite the difficulty, successful loan officers can earn a salary ranging from $46,720 to $58,020, with a median salary of $52,270.

6. Which officer gets paid the most?

The Loan Officer role has a salary range with a minimum of $46,720, a mid-level salary of $52,270, and a maximum of $58,020. While this position is important in the financial sector, it does not reach the higher salaries seen in some law enforcement roles, such as the Chief of Police, who earns significantly more.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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