What are the main factors that influence a Loan Processor's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Processor's salary?

A Loan Processor's salary grows with experience: a Loan Processor I (0-1 years)earns $43,959, a Loan Processor (1-3 years)earns $49,238, a Loan Processor III (3-5 years)earns $59,672, a Loan Processing Supervisor (5+ years)earns $64,488,

What are the highest paying states for a Loan Processor?

Loan Processor salary varies significantly by state. The top 3 highest paying states for Loan Processor roles are District of Columbia $52,975, California $52,774, Massachusetts $52,070. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Processor roles make?

Salaries for Loan Processor level roles vary by specialization: Sba Loan Processor: $60,374; Loan Processor III: $59,261; Junior Loan Processor: $56,609; Jr Loan Processor: $50,793; Loan Processor II: $48,899.

Loan Processor Salary in Rhode Island

How much does a Loan Processor make in Rhode Island?

As of May 01, 2026, the average salary for a Loan Processor in Rhode Island is $49,606 per year, which breaks down to an hourly rate of $24.

However, a Loan Processor's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $59,167
Majority Range (25th-75th percentile): $45,837 to $54,611
Entry-Level (10th percentile): $42,405

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Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,611	$4,551	$1,050	$26
Average	$49,606	$4,134	$954	$24
25th Percentile	$45,837	$3,820	$881	$22

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Loan Processor Salaries

A Loan Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Do Loan Processor Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Processors. For example, consider the average annual salaries in these key locations:

District of Columbia: $52,975.
California: $52,774.
Massachusetts: $52,070.

District of Columbia $52,975 California $52,774 Massachusetts $52,070 Washington $51,879 New Jersey $51,860 Alaska $51,793 Connecticut $51,133 New York $50,865

Hawaii $50,008 Rhode Island $49,606 Maryland $49,334 Minnesota $48,960 Colorado $48,817 Illinois $48,769 Oregon $48,587 Delaware $48,453

New Hampshire $48,369 Virginia $48,181 Pennsylvania $47,630 Nevada $47,353 North Dakota $47,262 Michigan $47,118 Wisconsin $47,066 Vermont $46,960

Texas $46,669 Maine $46,649 Arizona $46,621 Ohio $46,587 Georgia $46,147 Indiana $45,927 Wyoming $45,884 Utah $45,817

Iowa $45,788 Kansas $45,559 Louisiana $45,492 North Carolina $45,468 Missouri $45,458 Florida $45,272 Montana $45,171 Nebraska $45,075

Kentucky $45,023 South Carolina $44,831 Tennessee $44,712 Idaho $44,664 New Mexico $44,315 Oklahoma $44,238 Alabama $43,956 South Dakota $43,482

Arkansas $43,224 West Virginia $43,085 Mississippi $42,669

Top Paying Cities for Loan Processors

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Adamsville: $50,226
Albion: $49,802
Ashaway: $50,131

Adamsville, RI $50,226 Albion, RI $49,802 Ashaway, RI $50,131 Barrington, RI $49,671 Block Island, RI $49,947 Bradford, RI $50,101 Bristol, RI $49,862 Carolina, RI $50,018

Charlestown, RI $50,036 Chepachet, RI $49,937 Clayville, RI $49,798 Coventry, RI $49,800 West Greenwich, RI $49,937 East Greenwich, RI $49,767 Exeter, RI $49,924 Fiskeville, RI $49,670

Forestdale, RI $50,053 Foster, RI $49,911 Glendale, RI $50,057 Greene, RI $49,976 Greenville, RI $49,689 Harmony, RI $49,753 Harrisville, RI $50,035 Hope, RI $49,701

Hope Valley, RI $50,087 Hopkinton, RI $50,153 Jamestown, RI $49,986 Kenyon, RI $50,012 Little Compton, RI $50,219 Manville, RI $49,868 Mapleville, RI $49,947 Newport, RI $50,036

Middletown, RI $50,058 North Kingstown, RI $49,852 North Scituate, RI $49,754 Oakland, RI $50,001 Pascoag, RI $50,068 Pawtucket, RI $49,597 Central Falls, RI $49,619 Cumberland, RI $49,901

Lincoln, RI $49,669 Portsmouth, RI $50,031 Prudence Island, RI $49,928 Rockville, RI $50,146 Saunderstown, RI $49,956 Shannock, RI $50,015 Slatersville, RI $50,053 Slocum, RI $49,954

Tiverton, RI $50,183 Wakefield, RI $49,998 Kingston, RI $49,979 Narragansett, RI $50,012 Peace Dale, RI $49,992 Warren, RI $49,799 Warwick, RI $49,660 Westerly, RI $50,143

West Kingston, RI $49,995 West Warwick, RI $49,721 Wood River Junction, RI $50,066 Woonsocket, RI $50,056 North Smithfield, RI $49,942 Wyoming, RI $50,015 Providence, RI $49,582 Cranston, RI $49,589

North Providence, RI $49,595 East Providence, RI $49,586 Riverside, RI $49,602 Rumford, RI $49,594 Smithfield, RI $49,695 Johnston, RI $49,612

Loan Processor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Processor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 01, 2026

$45,837

Average $49,606/year

$54,611

$3,820

Average $4,134/month

$4,551

$881

Average $954/week

$1,050

$22

Average $24/hour

$26

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,611	$4,551	$1,050	$26
Average	$49,606	$4,134	$954	$24
25th Percentile	$45,837	$3,820	$881	$22

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