As of July 01, 2026, the average salary for an Entry Level Loan Processor in the United States is $45,186 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:
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An Entry Level 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, education and company size can directly affect your earning potential.
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:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Coordination | 5% |
| Product Quality | 3.75% |
| Technical Drawing | 2.5% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Oracle
|
$69,135 |
53%
|
|
Initiative
|
$57,387 |
27%
|
|
Packaging
|
$56,031 |
24%
|
|
Schematic
|
$53,320 |
18%
|
|
Quality Assurance
|
$51,964 |
15%
|
|
Production Schedule
|
$47,446 |
5%
|
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.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $54,224 | $26.0 | 20% |
| Software & Networking | $54,224 | $26.0 | 20% |
| Energy & Utilities | $51,964 | $25.0 | 15% |
| Chemicals | $49,705 | $24.0 | 10% |
| Financial Services | $49,705 | $24.0 | 10% |
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
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 100.0% |
| High School | 0.0% |
| Associates | 0.0% |
| Bachelors | 100.0% |
| Masters | 0.0% |
| Doctorate | 0.0% |
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.
Last Updated on July 01, 2026Salaries 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, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $50,803 |
| 2024 | $50,472 |
| 2025 | $49,810 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Biotechnology industry offers the highest average compensation for Entry Level Loan Processor roles, with salaries approximately 20% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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