As of April 01, 2025, the average annual salary for a Loan Officer I in New Jersey is $57,070. Salary.com reports that pay typically ranges from $51,020 to $63,350, with most professionals earning between $45,512 and $69,068.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $58,442 | $4,870 | $1,124 | $28 |
| Average | $52,650 | $4,387 | $1,012 | $25 |
| 25th Percentile | $47,067 | $3,922 | $905 | $23 |
An entry-level Loan Officer I with under 1 year experience makes about $54,254. With less than 2 years of experience, a mid-level Loan Officer I makes around $54,432. After 2-4 years, the Loan Officer I pay rises to about $54,698. Those senior Loan Officer I with 5-8 years of experience earn roughly $55,588, and those Loan Officer I having 8 years or more experience are expected to earn about $56,673 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Officer I | $54,254 |
| Intermediate Level Loan Officer I | $54,432 |
| Senior Level Loan Officer I | $54,698 |
| Specialist Level Loan Officer I | $55,588 |
| Expert Level Loan Officer I | $56,673 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 4% |
| Top Level | 6% |
| Experienced | 8% |
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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 24.9% above. The lowest Loan Officer I salary is in Miami, FL, where the Loan Officer I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $65,760 |
24.9%
|
| Washington, DC | $58,300 |
10.7%
|
| Miami, FL | $50,590 |
|
| Chicago, IL | $54,410 |
3.3%
|
| Boston, MA | $58,730 |
11.5%
|
| New York, NY | $61,020 |
15.9%
|
