As of December 01, 2024, the average annual pay of Loan Processor I in VA is $43,495. While Salary.com is seeing that the highest pay for Loan Processor I in Virginia can go up to $53,085 and the lowest down to $34,367, but most earn between $38,717 and $48,515. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Processor I in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $48,370 | $4,031 | $930 | $23 |
| Average | $43,364 | $3,614 | $834 | $21 |
| 25th Percentile | $38,601 | $3,217 | $742 | $19 |
An entry-level Loan Processor I with under 1 year experience makes about $42,925. With less than 2 years of experience, a mid-level Loan Processor I makes around $43,429. After 2-4 years, the Loan Processor I pay rises to about $44,547. Those senior Loan Processor I with 5-8 years of experience earn roughly $44,770, and those Loan Processor I having 8 years or more experience are expected to earn about $44,919 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Processor I | $42,925 |
| Intermediate Level Loan Processor I | $43,429 |
| Senior Level Loan Processor I | $44,547 |
| Specialist Level Loan Processor I | $44,770 |
| Expert Level Loan Processor I | $44,919 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 3% |
| Top Level | 3% |
| 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 25.0% above. The lowest Loan Processor I salary is in Miami, FL, where the Loan Processor I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $54,206 |
25.0%
|
| Washington, DC | $48,265 |
11.3%
|
| Miami, FL | $41,847 |
|
| Chicago, IL | $45,489 |
4.9%
|
| Boston, MA | $48,612 |
12.1%
|
| New York, NY | $50,650 |
16.8%
|
