Entry Level Loan Processor Salary in the United States
How much does an Entry Level Loan Processor make in the United States?
As of September 01, 2026, the average salary for an Entry Level Loan Processor in the United States is $45,190 per year, which breaks down to an hourly rate of $22.
However, an Entry Level Loan Processor's salary can vary significantly. Here’s a look at the typical salary range:
Top Earners (90th percentile): $53,447
Majority Range (25th-75th percentile): $40,124 to $49,512
Key Factors That Influence Entry Level Loan Processor Salaries
An Entry Level Loan Processor's salary isn't a fixed number. It's shaped by several important factors.
Below, we'll explore how geographic location, education
and company size
can directly affect your earning potential.
How Do Entry Level 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 Entry Level Loan Processors. For example, consider the average annual salaries in these key locations:
District of Columbia: $50,034.
California: $49,844.
Massachusetts: $49,180.
District of Columbia$50,034
California$49,844
Massachusetts$49,180
Washington$48,999
New Jersey$48,981
Alaska$48,918
Connecticut$48,294
New York$48,041
Hawaii$47,232
Rhode Island$46,852
Maryland$46,595
Minnesota$46,242
Colorado$46,107
Illinois$46,062
Oregon$45,890
Delaware$45,763
New Hampshire$45,684
Virginia$45,506
Pennsylvania$44,986
Nevada$44,724
North Dakota$44,638
Michigan$44,503
Wisconsin$44,453
Vermont$44,353
Texas$44,078
Maine$44,060
Arizona$44,033
Ohio$44,001
Georgia$43,585
Indiana$43,377
Wyoming$43,337
Utah$43,273
Iowa$43,246
Kansas$43,029
Louisiana$42,966
North Carolina$42,944
Missouri$42,935
Florida$42,758
Montana$42,663
Nebraska$42,573
Kentucky$42,523
South Carolina$42,343
Tennessee$42,230
Idaho$42,184
New Mexico$41,855
Oklahoma$41,782
Alabama$41,516
South Dakota$41,068
Arkansas$40,824
West Virginia$40,693
Mississippi$40,300
Top Paying Cities for Entry Level 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:
San Jose: $56,998
San Francisco: $56,373
Oakland: $55,185
San Jose, CA$56,998
San Francisco, CA$56,373
Oakland, CA$55,185
New York, NY$52,031
Paramus, NJ$51,398
Queens Village, NY$51,396
Passaic, NJ$51,353
Bergenfield, NJ$51,349
Stamford, CT$51,249
Huntington, NY$51,231
Newark, NJ$50,897
Bridgeport, CT$50,802
Vallejo, CA$50,712
New Brunswick, NJ$50,694
Petaluma, CA$50,666
Middlesex, NJ$50,581
Somerset, NJ$50,549
Santa Cruz, CA$50,490
Boston, MA$50,215
Monterey, CA$50,056
Seattle, WA$49,952
Santa Rosa, CA$49,943
Los Angeles, CA$49,930
Juneau, AK$49,812
Washington, DC$49,763
Orange, CA$49,602
Santa Ana, CA$49,483
Long Beach, CA$49,437
Anaheim, CA$49,428
Anchorage, AK$49,406
Santa Maria, CA$49,270
Everett, WA$49,261
Danbury, CT$49,102
Bremerton, WA$49,040
Tacoma, WA$48,877
New Suffolk, NY$48,876
Sacramento, CA$48,863
Santa Barbara, CA$48,814
Trenton, NJ$48,764
San Diego, CA$48,764
Brockton, MA$48,714
Fairbanks, AK$48,604
Lompoc, CA$48,488
Lowell, MA$48,452
Ventura, CA$48,443
Nashua, NH$48,434
Stockton, CA$48,430
Modesto, CA$48,100
Poughkeepsie, NY$48,000
Olympia, WA$47,914
Kennewick, WA$47,914
New Haven, CT$47,896
Lawrence, MA$47,734
Hartford, CT$47,688
Riverside, CA$47,679
New Bedford, MA$47,634
Richland, WA$47,634
Bakersfield, CA$47,571
San Bernardino, CA$47,553
New Britain, CT$47,548
Atlantic City, NJ$47,548
New London, CT$47,530
Norwich, CT$47,517
Portsmouth, NH$47,508
Boulder, CO$47,412
Portland, OR$47,350
Worcester, MA$47,345
Minneapolis, MN$47,205
Philadelphia, PA$47,142
Honolulu, HI$46,993
Saint Paul, MN$46,971
Vineland, NJ$46,961
Providence, RI$46,830
Chicago, IL$46,699
Bellingham, WA$46,645
Springfield, MA$46,608
Baltimore, MD$46,595
Chico, CA$46,482
Pittsfield, MA$46,360
Manchester, NH$46,274
Spokane, WA$46,075
Denver, CO$46,071
Albany, NY$45,858
Troy, NY$45,840
Nassau, NY$45,792
Schenectady, NY$45,745
Wilmington, DE$45,709
Burlington, VT$45,646
Salem, OR$45,628
Portland, ME$45,488
Yakima, WA$45,443
Rochester, MN$45,302
Reno, NV$45,280
Fresno, CA$45,280
Milwaukee, WI$45,239
Detroit, MI$45,194
Ann Arbor, MI$45,186
Allentown, PA$45,180
Colorado Springs, CO$45,104
Syracuse, NY$45,081
Carson City, NV$45,081
Houston, TX$45,018
Eugene, OR$44,995
Gary, IN$44,941
Springfield, OR$44,905
Bismarck, ND$44,896
Galveston, TX$44,864
Medford, OR$44,796
Fort Collins, CO$44,778
Concord, NH$44,756
Austin, TX$44,742
Mesa, AZ$44,647
Reading, PA$44,643
Phoenix, AZ$44,638
Dallas, TX$44,625
Saint Cloud, MN$44,581
Madison, WI$44,521
Utica, NY$44,399
Rochester, NY$44,326
Des Moines, IA$44,322
Raleigh, NC$44,317
Atlanta, GA$44,250
Battle Creek, MI$44,236
Salt Lake City, UT$44,222
Lancaster, PA$44,155
Harrisburg, PA$44,091
Kansas City, MO$44,046
Champaign, IL$44,037
Kansas City, KS$44,037
Fort Worth, TX$44,033
Columbus, OH$44,025
Boca Raton, FL$44,015
Pittsburgh, PA$43,996
Richmond, VA$43,978
Indianapolis, IN$43,969
Cleveland, OH$43,965
Las Vegas, NV$43,911
Cincinnati, OH$43,911
Petersburg, VA$43,843
Huntsville, AL$43,775
Lansing, MI$43,745
Lebanon, PA$43,739
Pueblo, CO$43,734
Appleton, WI$43,721
Buffalo, NY$43,703
Dayton, OH$43,689
Racine, WI$43,680
Charlotte, NC$43,676
Saint Louis, MO$43,662
York, PA$43,635
Elkhart, IN$43,635
Gastonia, NC$43,626
Billings, MT$43,616
Beaumont, TX$43,603
Lorain, OH$43,594
Benton Harbor, MI$43,585
Toledo, OH$43,576
Binghamton, NY$43,554
Rock Hill, SC$43,549
Rockford, IL$43,527
Springfield, IL$43,508
Elyria, OH$43,504
Fargo, ND$43,504
Flagstaff, AZ$43,472
Fort Lauderdale, FL$43,445
Duluth, MN$43,418
Miami, FL$43,418
Cheyenne, WY$43,386
Grand Forks, ND$43,386
Bangor, ME$43,287
Cedar Rapids, IA$43,237
Durham, NC$43,218
Louisville, KY$43,215
Grand Rapids, MI$43,206
Hialeah, FL$43,201
Casper, WY$43,138
Scranton, PA$43,084
New Orleans, LA$43,070
Virginia Beach, VA$43,066
Akron, OH$43,043
Peoria, IL$42,984
Sarasota, FL$42,975
Nashville, TN$42,944
Omaha, NE$42,944
Green Bay, WI$42,944
Baton Rouge, LA$42,921
Charleston, SC$42,912
Jamestown, NY$42,889
Davenport, IA$42,889
Tucson, AZ$42,867
Saint Petersburg, FL$42,840
Tampa, FL$42,831
Evansville, IN$42,803
Port Arthur, TX$42,803
Bradenton, FL$42,785
Santa Fe, NM$42,704
Orlando, FL$42,623
Clearwater, FL$42,609
Canton, OH$42,514
La Crosse, WI$42,514
Albuquerque, NM$42,487
Newport News, VA$42,483
High Point, NC$42,469
Ogden, UT$42,451
Corpus Christi, TX$42,415
Norfolk, VA$42,388
Laramie, WY$42,388
Rock Island, IL$42,361
Saginaw, MI$42,352
Jacksonville, FL$42,347
Salisbury, NC$42,338
Boise, ID$42,329
Moline, IL$42,306
Fort Myers, FL$42,293
Memphis, TN$42,284
Tulsa, OK$42,261
Waterloo, IA$42,234
Spartanburg, SC$42,189
Lincoln, NE$42,166
Fort Wayne, IN$42,157
Provo, UT$42,153
Cedar Falls, IA$42,099
San Antonio, TX$42,080
Greensboro, NC$42,062
South Bend, IN$42,058
Savannah, GA$42,008
Muskegon, MI$41,990
Birmingham, AL$41,986
Winston Salem, NC$41,963
Lake Charles, LA$41,855
Anderson, IN$41,845
Lexington, KY$41,832
Augusta, GA$41,818
Greenville, SC$41,818
Lima, OH$41,782
Wichita, KS$41,778
Tuscaloosa, AL$41,778
Columbia, SC$41,737
Springfield, OH$41,728
Asheville, NC$41,656
Bloomington, IN$41,624
Knoxville, TN$41,461
Shreveport, LA$41,457
Wilmington, NC$41,398
Roanoke, VA$41,398
Topeka, KS$41,317
Frankfort, KY$41,312
Oklahoma City, OK$41,281
Chillicothe, OH$41,263
Longview, TX$41,258
Melbourne, FL$41,253
Sioux Falls, SD$41,181
Mobile, AL$41,177
Terre Haute, IN$41,159
Altoona, PA$41,131
Amarillo, TX$41,100
Killeen, TX$41,086
Fayetteville, AR$41,050
Chattanooga, TN$41,037
Sioux City, IA$40,996
Idaho Falls, ID$40,987
Lynchburg, VA$40,951
Gainesville, FL$40,892
Portsmouth, OH$40,869
Little Rock, AR$40,860
Lafayette, LA$40,842
Youngstown, OH$40,842
Daytona Beach, FL$40,815
Clarksville, TN$40,811
Pensacola, FL$40,806
Temple, TX$40,803
Hopkinsville, KY$40,671
Erie, PA$40,662
Florence, SC$40,643
Charleston, WV$40,571
Great Falls, MT$40,549
Macon, GA$40,485
Tallahassee, FL$40,481
Fayetteville, NC$40,472
Waco, TX$40,463
Helena, MT$40,431
Pine Bluff, AR$40,414
Vincennes, IN$40,359
Lubbock, TX$40,341
Alamogordo, NM$40,314
Twin Falls, ID$40,273
Rapid City, SD$40,259
Jackson, MS$40,178
Huntington, WV$40,175
Greenville, MS$40,173
Parkersburg, WV$40,127
Montgomery, AL$40,119
Wichita Falls, TX$40,074
Springfield, MO$40,074
Biloxi, MS$40,051
Monroe, LA$40,006
Johnstown, PA$39,975
Sumter, SC$39,957
Columbus, GA$39,952
Pascagoula, MS$39,866
Abilene, TX$39,866
Kingsport, TN$39,749
Albany, GA$39,749
Gulfport, MS$39,735
Alexandria, LA$39,586
Fort Smith, AR$39,473
El Paso, TX$39,351
Las Cruces, NM$39,148
Harlingen, TX$39,033
Pocatello, ID$39,026
Florence, AL$38,967
Brownsville, TX$38,958
Mcallen, TX$38,863
Dothan, AL$38,800
Columbus, MS$38,531
Altus, OK$38,321
Lawton, OK$38,235
Pierre, SD$38,072
What Skills Can Increase an Entry Level Loan Processor's Salary?
Demanded Skills for the Role:
Coordination (Mentioned in 5% Job Postings): Ability to plan, execute, and adjust job duties to achieve business goals.
Product Quality (Mentioned in 3.75% Job Postings): Product quality refers to how well a product satisfies customer needs, serves its purpose and meets industry standards. When evaluating product quality, businesses consider several key factors, including whether a product solves a problem, works efficiently or suits customers' purposes.
Technical Drawing (Mentioned in 2.5% Job Postings): A technical drawing, also known as an engineering drawing, is a detailed, precise diagram or plan that conveys information about how an object functions or is constructed.
Mastering certain specialized skills can lead to a significant increase in pay.
Here are examples of skills and the potential impact they can have on an Entry Level Loan Processor's salary.
Oracle: Can increase your salary by up to 53%.
Initiative: Can increase your salary by up to 27%.
Entry Level Loan Processor Salary by Industry: Top Paying Sectors
For Entry Level Loan Processor roles, the industry you choose can affect earning potential
by as much as 45% (the gap between the highest and lowest paying industries).
Data shows that the Biotechnology and Software & Networking
sectors offer the strongest compensation, at 20% above the average.
In contrast, Entry Level Loan Processor positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay,
as these industries often view Entry Level Loan Processor as a support function rather than a direct revenue driver.
The top paying industries for an Entry Level Loan Processor
Industry Sector
Average Annual Salary
Average Hourly Rate
Pay vs.Avg
Biotechnology
$54,227
$26.0
20%
Software & Networking
$54,227
$26.0
20%
Energy & Utilities
$51,968
$25.0
15%
Chemicals
$49,708
$24.0
10%
Financial Services
$49,708
$24.0
10%
How Education impacts an Entry Level Loan Processor's Salary?
Your level of education can impact your salary potential.
While many Entry Level Loan Processors enter the field with a No Diploma degree,
higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data,
the median salary for an Entry Level Loan Processor with a No Diploma is between
$41,033
and $44,452).
Entry Level Loan Processor Salaries by Degree Level
Understanding how an Entry Level 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.
Hourly
Monthly
Weekly
Yearly
Table View
Last Updated on September 01, 2026
$40,124
Average$45,190/year
$49,512
$3,344
Average$3,766/month
$4,126
$772
Average$869/week
$952
$19
Average$22/hour
$24
Annual Salary
Monthly Pay
Weekly Pay
Hourly Wage
75th Percentile
$49,512
$4,126
$952
$24
Average
$45,190
$3,766
$869
$22
25th Percentile
$40,124
$3,344
$772
$19
Salaries of Jobs related to Entry Level Loan Processor
Senior Consumer Loan Processor$59,400
Entry Level Loan Officer$50,901
Intermediate Consumer Loan Processor$49,000
Loan Processor$47,852
Entry Mortgage Loan Processor$45,100
Mortgage Loan Processor I$45,021
Entry Consumer Loan Processor$43,700
Loan Processor I$43,653
Entry Level Processor$42,235
Entry-level Insurance Processor$33,915
Entry Level Seasonal Seafood Processor$32,707
Salary Trends for Entry Level Loan Processor
Salaries for an Entry Level Loan Processor can change over time,
reflecting shifts in market demand and the overall economy.
The median salary decreased from $50,803 in 2023
to around $49,810 in 2025,
reflecting changes in demand, location, experience, and the wider economy.
For a detailed analysis of Entry Level Loan Processor salary trends,
.
Average Annual Salary of Entry Level Loan Processor Over Time
$???
$50,803
$50,472
$49,810
$???
$???
2022
2023
2024
2025
2026
2027
Year
Average Annual Salary
2022
View More
2023
$50,803
2024
$50,472
2025
$49,810
2026
View More
2027
View More
Most common benefits for Entry Level Loan Processor
Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)
Common company salaries for Entry Level Loan Processor
Here are companies hiring for Entry Level Loan Processor and their salaries, click below for more details.
C$128,509/per year
C R Bard IncBiotechnologythe United States
H$124,697/per year
Henry Schein CanadaBiotechnologythe United States
N$123,899/per year
Nordex IncBiotechnologythe United States
N$120,416/per year
Nipro CorpBiotechnologythe United States
E$115,870/per year
EnovisBiotechnologythe United States
A$114,553/per year
Advanced Research Projects Agency - EnergyBiotechnologythe United States
M$112,110/per year
MiniMed IncBiotechnologythe United States
L$111,500/per year
Labcorp Drug DevelopmentBiotechnologythe United States
L$110,229/per year
Life Technologies CorpBiotechnologythe United States
Z$106,224/per year
Zimmer BiometBiotechnologythe United States
P$103,077/per year
Promontory TherapeuticsBiotechnologythe United States
S$102,181/per year
Steris PLCBiotechnologythe United States
G$97,274/per year
Gavin Conferences Pty LtdBiotechnologythe United States
E$94,764/per year
Endeavor BioMedicinesBiotechnologythe United States
R$94,402/per year
Replay Holdings LLCBiotechnologythe United States
P$94,235/per year
Pleno IncBiotechnologythe United States
S$93,666/per year
Simulaids IncBiotechnologythe United States
N$88,880/per year
NOIRLab/CASBiotechnologythe United States
O$86,468/per year
Onward TechnologyBiotechnologythe United States
L$84,895/per year
LED Medical Diagnostics IncBiotechnologythe United States
E$84,682/per year
Eyeco LtdBiotechnologythe United States
P$84,523/per year
PaerosolBiotechnologythe United States
I$83,525/per year
IONIQ Sciences IncBiotechnologythe United States
S$82,815/per year
Stateside PPEBiotechnologythe United States
D$82,041/per year
Digi BioBiotechnologythe United States
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FAQ about Entry Level Loan Processor
1. What industry pays the highest salary for Entry Level Loan Processor?
The Biotechnology industry offers the highest average compensation for Entry Level Loan Processor roles,
with salaries approximately 20% above the market median.
Where Does Our Salary Data Come From?
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
