As of March 01, 2025, the average annual salary for a Mortgage Loan Officer I in Virginia is $50,282. According to Salary.com, salaries can range from a low of $36,735 to a high of $66,154, with most professionals earning between $43,191 and $58,590.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $58,414 | $4,868 | $1,123 | $28 |
| Average | $50,131 | $4,178 | $964 | $24 |
| 25th Percentile | $43,061 | $3,588 | $828 | $21 |
An entry-level Mortgage Loan Officer I with under 1 year experience makes about $48,595. With less than 2 years of experience, a mid-level Mortgage Loan Officer I makes around $49,431. After 2-4 years, the Mortgage Loan Officer I pay rises to about $51,110. Those senior Mortgage Loan Officer I with 5-8 years of experience earn roughly $52,089, and those Mortgage Loan Officer I having 8 years or more experience are expected to earn about $52,334 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Officer I | $48,595 |
| Intermediate Level Mortgage Loan Officer I | $49,431 |
| Senior Level Mortgage Loan Officer I | $51,110 |
| Specialist Level Mortgage Loan Officer I | $52,089 |
| Expert Level Mortgage Loan Officer I | $52,334 |
| Entry Level | 3% |
| Mid Level | 1% |
| Senior Level | 2% |
| Top Level | 4% |
| Experienced | 4% |
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Mortgage Loan Officer I salary varies from city to city. Compared with national average salary of Mortgage Loan Officer I, the highest Mortgage Loan Officer I salary is in San Francisco, CA, where the Mortgage Loan Officer I salary is 25.0% above. The lowest Mortgage Loan Officer I salary is in Miami, FL, where the Mortgage Loan Officer I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $62,664 |
25.0%
|
| Washington, DC | $55,796 |
11.3%
|
| Miami, FL | $48,377 |
|
| Chicago, IL | $52,588 |
4.9%
|
| Boston, MA | $56,197 |
12.1%
|
| New York, NY | $58,553 |
16.8%
|
