As of December 01, 2024, the average annual pay of Loan Officer I in MA is $56,720. While Salary.com is seeing that Loan Officer I salary in MA can go up to $68,660 or down to $45,219, but most earn between $50,700 and $62,970. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Officer I in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $57,868 | $4,822 | $1,113 | $28 |
| Average | $52,130 | $4,344 | $1,002 | $25 |
| 25th Percentile | $46,592 | $3,883 | $896 | $22 |
An entry-level Loan Officer I with under 1 year experience makes about $54,459. With less than 2 years of experience, a mid-level Loan Officer I makes around $54,637. After 2-4 years, the Loan Officer I pay rises to about $54,905. Those senior Loan Officer I with 5-8 years of experience earn roughly $55,798, and those Loan Officer I having 8 years or more experience are expected to earn about $56,887 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Officer I | $54,459 |
| Intermediate Level Loan Officer I | $54,637 |
| Senior Level Loan Officer I | $54,905 |
| Specialist Level Loan Officer I | $55,798 |
| Expert Level Loan Officer I | $56,887 |
| Entry Level | 4% |
| Mid Level | 5% |
| Senior Level | 5% |
| Top Level | 7% |
| Experienced | 9% |
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Loan Officer I salary varies from city to city. Compared with national average salary of Loan Officer I, the highest Loan Officer I salary is in San Francisco, CA, where the Loan Officer I salary is 25.0% above. The lowest Loan Officer I salary is in Miami, FL, where the Loan Officer I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $65,170 |
25.0%
|
| Washington, DC | $58,030 |
11.3%
|
| Miami, FL | $50,310 |
|
| Chicago, IL | $54,690 |
4.9%
|
| Boston, MA | $58,440 |
12.1%
|
| New York, NY | $60,890 |
16.8%
|
