How much does a Loan Officer I make in NM?
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.
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 |
$58,320 |
$4,860 |
$1,122 |
$28 |
Average |
$52,535 |
$4,378 |
$1,010 |
$25 |
25th Percentile |
$46,960 |
$3,913 |
$903 |
$23 |
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 $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
|
$46,150
0 yr
$46,301
< 2 yrs
$46,528
2-4 yrs
$47,285
5-8 yrs
$48,208
> 8 yrs
Last Updated on March 01, 2025
Entry Level
|
12%
|
Mid Level
|
12%
|
Senior Level
|
11%
|
Top Level
|
10%
|
Experienced
|
8%
|
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Last Updated on March 01, 2025
View Loan Officer I Pay Difference by Location
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 |
|
Washington, DC
|
$58,480 |
|
Miami, FL
|
$50,700 |
|
Chicago, IL
|
$55,110 |
|
Boston, MA
|
$58,900 |
|
New York, NY
|
$61,370 |
|