As of April 01, 2025, the average annual salary for a Loan Workout Officer I in Virginia is $73,200. Salary.com reports that pay typically ranges from $66,713 to $77,633, with most professionals earning between $60,807 and $81,668.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $77,093 | $6,424 | $1,483 | $37 |
| Average | $72,691 | $6,058 | $1,398 | $35 |
| 25th Percentile | $66,249 | $5,521 | $1,274 | $32 |
An entry-level Loan Workout Officer I with under 1 year experience makes about $72,232. With less than 2 years of experience, a mid-level Loan Workout Officer I makes around $73,006. After 2-4 years, the Loan Workout Officer I pay rises to about $73,994. Those senior Loan Workout Officer I with 5-8 years of experience earn roughly $74,523, and those Loan Workout Officer I having 8 years or more experience are expected to earn about $74,655 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer I | $72,232 |
| Intermediate Level Loan Workout Officer I | $73,006 |
| Senior Level Loan Workout Officer I | $73,994 |
| Specialist Level Loan Workout Officer I | $74,523 |
| Expert Level Loan Workout Officer I | $74,655 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 3% |
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Loan Workout Officer I salary varies from city to city. Compared with national average salary of Loan Workout Officer I, the highest Loan Workout Officer I salary is in San Francisco, CA, where the Loan Workout Officer I salary is 24.9% above. The lowest Loan Workout Officer I salary is in Miami, FL, where the Loan Workout Officer I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $90,784 |
24.9%
|
| Washington, DC | $80,483 |
10.7%
|
| Miami, FL | $69,842 |
|
| Chicago, IL | $75,119 |
3.3%
|
| Boston, MA | $81,072 |
11.5%
|
| New York, NY | $84,242 |
15.9%
|
