Loan Officer salary in Iowa
Loan Officers in Iowa earn a median of $83,670 a year ($40.23 an hour), based on BLS data for 2,840 workers.
Pay ranges from $51,690 for the lowest-paid 10% to $138,150 for the top 10%. That is 9% higher than the national median of $76,690. Iowa ranks 12th of 51 states for loan officers pay. There are 1.8 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $93,090, above the median because a few high earners pull it up.
Pay range for loan officers in Iowa
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $51,690 | $24.85 |
| 25th percentile | $66,550 | $32.00 |
| Median | $83,670 | $40.23 |
| 75th percentile | $104,790 | $50.38 |
| 90th percentile (top earners) | $138,150 | $66.42 |
| Average (mean) | $93,090 | $44.75 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,972.50 |
| Semi-monthly (24 a year) | $3,486.25 |
| Biweekly (26 a year) | $3,218.08 |
| Weekly | $1,609.04 |
| Hourly | $40.23 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in Iowa
| Metro area | Median salary | Workers |
|---|---|---|
| Des Moines-West Des Moines, IA | $101,190 | 650 |
| Iowa City, IA | $98,630 | 120 |
| Cedar Rapids, IA | $85,990 | 190 |
| Ames, IA | $84,470 | 70 |
| Sioux City, IA-NE-SD | $81,780 | 140 |
| Omaha, NE-IA | $80,300 | 910 |
| Dubuque, IA | $76,170 | 110 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Waterloo-Cedar Falls, IA | $72,990 | 190 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
Related jobs in Iowa
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,440 | $37.23 |
| Financial and Investment Analysts | $92,370 | $44.41 |
| Personal Financial Advisor | $92,310 | $44.38 |
| Insurance Underwriter | $75,160 | $36.14 |
| Financial Specialists, All Other | $79,390 | $38.17 |
| Financial Examiner | $80,370 | $38.64 |
| Tax Preparer | $53,660 | $25.80 |
| Property Appraisers and Assessors | $80,160 | $38.54 |
| Financial Risk Specialist | $105,680 | $50.81 |
| Credit Analyst | $76,760 | $36.90 |
| Credit Counselor | $48,130 | $23.14 |
| Budget Analyst | $86,550 | $41.61 |
| Tax Examiners and Collectors, and Revenue Agents | $66,860 | $32.14 |
| Business Operations Specialists, All Other | $80,470 | $38.69 |
More: Business and Financial Operations Occupations · all salaries in Iowa
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Iowa?
The median salary for loan officers in Iowa is $83,670 a year, or $40.23 an hour. Pay ranges from $51,690 for the lowest-paid 10% to $138,150 for the top 10%.
How much do the highest-paid loan officers make in Iowa?
The top 10% of loan officers in Iowa earn at least $138,150 a year. The top 25% earn $104,790 or more.
What is the starting pay for loan officers in Iowa?
Entry-level pay (the 10th percentile) is about $51,690 a year, and a quarter of loan officers earn $66,550 or less.
How many loan officers work in Iowa?
About 2,840 loan officers are employed in Iowa, not counting the self-employed.