How much does a Loan Officer I make in Cedar Rapids, IA?
As of March 01, 2025, the average annual salary for a Loan Officer I in Cedar Rapids, IA is $50,280. Salary.com reports that pay typically ranges from $44,950 to $55,820, with most professionals earning between $40,097 and $60,864.
How much does a Loan Officer I make by hour, week, month, and year?
Salary.com provides you with accurate and diversified Loan Officer I salary data based on specialized databases to help you get a fairer salary.
Click the switch button below to see more details about Loan Officer I hourly pay, weekly pay, monthly pay and so on.
Last Updated on March 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$55,820 |
$4,652 |
$1,073 |
$27 |
Average |
$50,280 |
$4,190 |
$967 |
$24 |
25th Percentile |
$44,950 |
$3,746 |
$864 |
$22 |
Last Updated on March 01, 2025
How Does Experience Level Affect a Loan Officer I's Salary?
An entry-level Loan Officer I with under 1 year experience makes about $47,902.
With less than 2 years of experience, a mid-level Loan Officer I makes around $48,059.
After 2-4 years, the Loan Officer I pay rises to about $48,295.
Those senior Loan Officer I with 5-8 years of experience earn roughly $49,080, and those Loan Officer I having 8 years or more experience are expected to earn about $50,038 on average.
Levels |
Salary |
Entry Level Loan Officer I
|
$47,902
|
Intermediate Level Loan Officer I
|
$48,059
|
Senior Level Loan Officer I
|
$48,295
|
Specialist Level Loan Officer I
|
$49,080
|
Expert Level Loan Officer I
|
$50,038
|
$47,902
0 yr
$48,059
< 2 yrs
$48,295
2-4 yrs
$49,080
5-8 yrs
$50,038
> 8 yrs
Last Updated on March 01, 2025
Entry Level
|
5%
|
Mid Level
|
4%
|
Senior Level
|
4%
|
Top Level
|
2%
|
Experienced
|
0%
|
View as graph
View as table
Last Updated on March 01, 2025