As of April 01, 2025, the average annual salary for a Loan Processor I in Kentucky is $41,102. According to Salary.com, salaries can range from a low of $32,479 to a high of $50,169, with most professionals earning between $36,588 and $45,848.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $48,722 | $4,060 | $937 | $23 |
| Average | $43,679 | $3,640 | $840 | $21 |
| 25th Percentile | $38,882 | $3,240 | $748 | $19 |
An entry-level Loan Processor I with under 1 year experience makes about $40,271. With less than 2 years of experience, a mid-level Loan Processor I makes around $40,744. After 2-4 years, the Loan Processor I pay rises to about $41,793. Those senior Loan Processor I with 5-8 years of experience earn roughly $42,003, and those Loan Processor I having 8 years or more experience are expected to earn about $42,143 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Processor I | $40,271 |
| Intermediate Level Loan Processor I | $40,744 |
| Senior Level Loan Processor I | $41,793 |
| Specialist Level Loan Processor I | $42,003 |
| Expert Level Loan Processor I | $42,143 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 4% |
| Top Level | 4% |
| Experienced | 4% |
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Loan Processor I salary varies from city to city. Compared with national average salary of Loan Processor I, the highest Loan Processor I salary is in San Francisco, CA, where the Loan Processor I salary is 24.9% above. The lowest Loan Processor I salary is in Miami, FL, where the Loan Processor I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $54,550 |
24.9%
|
| Washington, DC | $48,361 |
10.7%
|
| Miami, FL | $41,967 |
|
| Chicago, IL | $45,138 |
3.3%
|
| Boston, MA | $48,715 |
11.5%
|
| New York, NY | $50,619 |
15.9%
|
