How much does a Loan Officer I make in Portland, ME?
As of April 01, 2025, the average annual salary for a Loan Officer I in Portland, ME is $52,950. Salary.com reports that pay typically ranges from $46,620 to $58,300, with most professionals earning between $40,857 and $63,171.
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 |
$58,300 |
$4,858 |
$1,121 |
$28 |
Average |
$52,950 |
$4,413 |
$1,018 |
$25 |
25th Percentile |
$46,620 |
$3,885 |
$897 |
$22 |
Last Updated on April 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 $50,868.
With less than 2 years of experience, a mid-level Loan Officer I makes around $51,057.
After 2-4 years, the Loan Officer I pay rises to about $51,341.
Those senior Loan Officer I with 5-8 years of experience earn roughly $52,286, and those Loan Officer I having 8 years or more experience are expected to earn about $53,347 on average.
Levels |
Salary |
Entry Level Loan Officer I
|
$50,868
|
Intermediate Level Loan Officer I
|
$51,057
|
Senior Level Loan Officer I
|
$51,341
|
Specialist Level Loan Officer I
|
$52,286
|
Expert Level Loan Officer I
|
$53,347
|
$50,868
0 yr
$51,057
< 2 yrs
$51,341
2-4 yrs
$52,286
5-8 yrs
$53,347
> 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