How much does a Loan Officer I make in Salt Lake City, UT?
As of April 01, 2025, the average annual salary for a Loan Officer I in Salt Lake City, UT is $51,470. Salary.com reports that pay typically ranges from $45,320 to $56,680, with most professionals earning between $39,721 and $61,423.
How much does a Loan Officer I make by hour, week, month, and year?
Salary.com provides you with accurate and diversified Loan Officer I salary data based on specialized databases to help you get a fairer salary.
Click the switch button below to see more details about Loan Officer I hourly pay, weekly pay, monthly pay and so on.
Last Updated on April 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$56,680 |
$4,723 |
$1,090 |
$27 |
Average |
$51,470 |
$4,289 |
$990 |
$25 |
25th Percentile |
$45,320 |
$3,777 |
$872 |
$22 |
How Does Experience Level Affect a Loan Officer I's Salary?
An entry-level Loan Officer I with under 1 year experience makes about $49,453.
With less than 2 years of experience, a mid-level Loan Officer I makes around $49,637.
After 2-4 years, the Loan Officer I pay rises to about $49,913.
Those senior Loan Officer I with 5-8 years of experience earn roughly $50,831, and those Loan Officer I having 8 years or more experience are expected to earn about $51,863 on average.
Levels |
Salary |
Entry Level Loan Officer I
|
$49,453
|
Intermediate Level Loan Officer I
|
$49,637
|
Senior Level Loan Officer I
|
$49,913
|
Specialist Level Loan Officer I
|
$50,831
|
Expert Level Loan Officer I
|
$51,863
|
$49,453
0 yr
$49,637
< 2 yrs
$49,913
2-4 yrs
$50,831
5-8 yrs
$51,863
> 8 yrs
Last Updated on April 01, 2025
Entry Level
|
4%
|
Mid Level
|
4%
|
Senior Level
|
3%
|
Top Level
|
1%
|
Experienced
|
1%
|
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Last Updated on April 01, 2025