How much does a Loan Officer I make in Gary, IN?
As of April 01, 2025, the average annual salary for a Loan Officer I in Gary, IN is $52,310. Salary.com reports that pay typically ranges from $46,060 to $57,600, with most professionals earning between $40,370 and $62,416.
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 April 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$57,600 |
$4,800 |
$1,108 |
$28 |
Average |
$52,310 |
$4,359 |
$1,006 |
$25 |
25th Percentile |
$46,060 |
$3,838 |
$886 |
$22 |
How Does Experience Level Affect a Loan Officer I's Salary?
An entry-level Loan Officer I with under 1 year experience makes about $50,257.
With less than 2 years of experience, a mid-level Loan Officer I makes around $50,443.
After 2-4 years, the Loan Officer I pay rises to about $50,724.
Those senior Loan Officer I with 5-8 years of experience earn roughly $51,657, and those Loan Officer I having 8 years or more experience are expected to earn about $52,706 on average.
Levels |
Salary |
Entry Level Loan Officer I
|
$50,257
|
Intermediate Level Loan Officer I
|
$50,443
|
Senior Level Loan Officer I
|
$50,724
|
Specialist Level Loan Officer I
|
$51,657
|
Expert Level Loan Officer I
|
$52,706
|
$50,257
0 yr
$50,443
< 2 yrs
$50,724
2-4 yrs
$51,657
5-8 yrs
$52,706
> 8 yrs
Last Updated on April 01, 2025
Entry Level
|
4%
|
Mid Level
|
4%
|
Senior Level
|
3%
|
Top Level
|
1%
|
Experienced
|
1%
|
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Last Updated on April 01, 2025