Loan Officer Salary in Des Moines, IA

How much does a Loan Officer make in Des Moines, IA?

As of January 01, 2026, the average salary for a Loan Officer in Des Moines, IA is $64,068 per year, which breaks down to an hourly rate of $31.

However, a Loan Officer's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $72,551
  • Majority Range (25th-75th percentile): $59,032 to $68,508
  • Entry-Level (10th percentile): $54,447
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View as table View as graph 25% $59,032 10% $54,447 90% $72,551 75% $68,508 $64,068 50%(Median) Didn’t find job title? Click

Loan Officer Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $68,508 $5,709 $1,317 $33
Average $64,068 $5,339 $1,232 $31
25th Percentile $59,032 $4,919 $1,135 $28
Check out Loan Officer Job Openings in Des Moines, IA
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Key Factors That Influence Loan Officer Salaries

A Loan Officer'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, skills and company size can directly affect your earning potential.

How Experience Level Affects Loan Officer Salaries?

Experience is a primary driver of a Loan Officer's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $62,043
  • Early Career (1-2 years): $62,197
  • Mid-Level (2-4 years): $63,201
  • Senior-Level (5-8 years): $65,374
  • Expert (over 8 years): $66,027
Levels Salary
Entry Level Loan Officer$62,043
Intermediate Level Loan Officer$62,197
Senior Level Loan Officer$63,201
Specialist Level Loan Officer$65,374
Expert Level Loan Officer$66,027
$62,043 0 yr
$62,197 < 2 yrs
$63,201 2-4 yrs
$65,374 5-8 yrs
$66,027 > 8 yrs
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What Am I Worth?

Top Paying Cities for Loan Officers

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: $82,391
  • San Francisco: $81,581
  • Oakland: $79,771

What Skills Can Increase a Loan Officer's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 3.96% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • CRM (Mentioned in 5.85% Job Postings): Customer relationship management (CRM) is a technology for managing all your company's relationships and interactions with customers and potential customers.
  • Mortgage Lending (Mentioned in 0.88% Job Postings): A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.
See More Skills
Skills Demand Percentage
Customer Service 3.96%
CRM 5.85%
Mortgage Lending 0.88%
What skills can make your compensation higher?
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 a Loan Officer's salary.
  • Brand Awareness: Can increase your salary by up to 11%.
  • Services Marketing: Can increase your salary by up to 11%.
  • Customer Engagement: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Brand Awareness
$71,115
11%
Services Marketing
$71,115
11%
Customer Engagement
$70,475
10%
Financial Services
$67,271
5%
Effective Communication
$67,271
5%
Presentation
$67,271
5%
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Loan Officer Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Officer'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 January 01, 2026

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Ready to take the next step in your career? Browse thousands of current Loan Officer job openings on our job board. Use the search bar below to find your perfect match.

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Cost of Living In Des Moines, IA

Cost of Living in Des Moines, IA is
1.5% Higher
than the National Average

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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