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Loan Officers Salary in Iowa
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in Iowa?
Last updated: 2025 data from the Bureau of Labor Statistics
$83,670
Median Annual Salary
▲
+4.5% vs 2024
$93,090
Mean Salary
$83,670
Median Salary
$40.23
Hourly Rate
2,840 people work as Loan Officers in Iowa
Loan Officers salary by percentile in Iowa
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in Iowa earn a median salary of $83,670 per year ($6,972/month).
This is 9.6% above the national average of $76,354.
Iowa ranks #12 out of 51 states for Loan Officers pay.
Approximately 2,840 people work in this occupation across Iowa.
Salaries increased by 4.5% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in Iowa range from $51,690 at the 10th percentile (entry level) to $138,150 at the 90th percentile (experienced). The middle 50% earn between $66,550 and $104,790.
The median annual salary for Loan Officers in Iowa is $83,670 as of 2025. The average (mean) salary is $93,090.
What is the salary range for a Loan Officers in Iowa?
Salaries for Loan Officers in Iowa range from $51,690 at the 10th percentile to $138,150 at the 90th percentile. The middle 50% earn between $66,550 and $104,790.
What is the starting salary for a Loan Officers in Iowa?
Entry-level Loan Officers positions in Iowa typically start around $51,690 (10th percentile). With some experience, salaries rise to $66,550 (25th percentile).
How many people work as Loan Officers in Iowa?
According to 2025 BLS data, approximately 2,840 people are employed as Loan Officers in Iowa.
What is the hourly rate for a Loan Officers in Iowa?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in Iowa is approximately $40.23 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
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