As of March 01, 2025, the average annual salary for a Loan Officer I in New Mexico is $48,440. Salary.com reports that pay typically ranges from $43,300 to $53,780, with most professionals earning between $38,620 and $58,642.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $58,320 | $4,860 | $1,122 | $28 |
| Average | $52,535 | $4,378 | $1,010 | $25 |
| 25th Percentile | $46,960 | $3,913 | $903 | $23 |
An entry-level Loan Officer I with under 1 year experience makes about $46,150. With less than 2 years of experience, a mid-level Loan Officer I makes around $46,301. After 2-4 years, the Loan Officer I pay rises to about $46,528. Those senior Loan Officer I with 5-8 years of experience earn roughly $47,285, and those Loan Officer I having 8 years or more experience are expected to earn about $48,208 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Officer I | $46,150 |
| Intermediate Level Loan Officer I | $46,301 |
| Senior Level Loan Officer I | $46,528 |
| Specialist Level Loan Officer I | $47,285 |
| Expert Level Loan Officer I | $48,208 |
| Entry Level | 12% |
| Mid Level | 12% |
| Senior Level | 11% |
| Top Level | 10% |
| 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 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 | $65,670 |
25.0%
|
| Washington, DC | $58,480 |
11.3%
|
| Miami, FL | $50,700 |
|
| Chicago, IL | $55,110 |
4.9%
|
| Boston, MA | $58,900 |
12.1%
|
| New York, NY | $61,370 |
16.8%
|
