How much does a Loan Officer I make in Reading, PA?
As of March 01, 2025, the average annual salary for a Loan Officer I in Reading, PA is $52,280. Salary.com reports that pay typically ranges from $46,730 to $58,030, with most professionals earning between $41,677 and $63,265.
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 |
$58,030 |
$4,836 |
$1,116 |
$28 |
Average |
$52,280 |
$4,357 |
$1,005 |
$25 |
25th Percentile |
$46,730 |
$3,894 |
$899 |
$22 |
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 $49,804.
With less than 2 years of experience, a mid-level Loan Officer I makes around $49,967.
After 2-4 years, the Loan Officer I pay rises to about $50,212.
Those senior Loan Officer I with 5-8 years of experience earn roughly $51,029, and those Loan Officer I having 8 years or more experience are expected to earn about $52,025 on average.
Levels |
Salary |
Entry Level Loan Officer I
|
$49,804
|
Intermediate Level Loan Officer I
|
$49,967
|
Senior Level Loan Officer I
|
$50,212
|
Specialist Level Loan Officer I
|
$51,029
|
Expert Level Loan Officer I
|
$52,025
|
$49,804
0 yr
$49,967
< 2 yrs
$50,212
2-4 yrs
$51,029
5-8 yrs
$52,025
> 8 yrs
Last Updated on March 01, 2025
Entry Level
|
5%
|
Mid Level
|
4%
|
Senior Level
|
4%
|
Top Level
|
2%
|
Experienced
|
0%
|
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Last Updated on March 01, 2025