How Much Does a Bank Loan Officer Make in Waterloo, IA?

Updated March 01, 2025
As of March 01, 2025, the average annual pay of Bank Loan Officer in Waterloo, IA is $45,873. While Salary.com is seeing that Bank Loan Officer salary in Waterloo, IA can go up to $58,682 or down to $28,799, but most earn between $36,936 and $52,577. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Bank Loan Officer
Bank Of America Loan Officer
$100,576
Waterloo, IA
Per Year
Loan Officer I
$48,810
Waterloo, IA
Per Year
Loan Officer III
$89,000
Waterloo, IA
Per Year
Loan Officer II
$70,420
Waterloo, IA
Per Year
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Similar Job Salaries to Bank Loan Officer by Company

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Company average base salary in (usd) range
Availa Bank
Bank Lead Loan Document Preparation and Imaging Assistant
$97,122/yr
$73,948
$120,296
RANGE: $73,948 - $120,296
Midstates Bank
Ag / Commercial Loan Officer
$84,240/yr
$66,252
$102,228
RANGE: $66,252 - $102,228
Luana Savings Bank
Commercial Loan Officer
$112,964/yr
$93,906
$132,022
RANGE: $93,906 - $132,022
Bank Iowa
Ag/Commercial Loan Officer
$89,816/yr
$73,305
$106,327
RANGE: $73,305 - $106,327
United Bank of Iowa
Ag Loan Officer
$88,921/yr
$70,066
$107,777
RANGE: $70,066 - $107,777
Greater Iowa Credit Union
Mortgage Loan Officer
$94,595/yr
$75,404
$113,787
RANGE: $75,404 - $113,787
Central Bank
Mortgage Loan Officer
$95,481/yr
$76,110
$114,852
RANGE: $76,110 - $114,852
United Bank & Capital Trust Co.
Commercial & Agricultural Loan Officer
$81,536/yr
$67,952
$95,119
RANGE: $67,952 - $95,119
United Bank of Iowa
Assistant Ag Loan Officer
$62,122/yr
$52,853
$71,390
RANGE: $52,853 - $71,390
U.S. Bank National Association
Non Bank Mortgage Loan Officer
$108,573/yr
$86,545
$130,600
RANGE: $86,545 - $130,600

Open Bank Loan Officer Jobs in Waterloo, IA

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What Does a Bank Loan Officer Do?

A loan officer is licensed with the necessary federal and state authorities and adheres to the regulations of the lending process.
Updated December 08, 2021
A good loan officer will also communicate well with the other involved parties, such as the underwriter.
Updated November 26, 2021
Despite limited employment growth, about 25,000 openings for loan officers are projected each year, on average, over the decade.
Updated November 19, 2021
A loan officer can offer their expertise to answer your questions and help you properly fill out the paperwork.
Updated October 29, 2021
Except for consumer loan officers, who spend most of their time in offices, these workers may travel to visit clients.
Updated December 22, 2021

Frequently Asked Questions About a Bank Loan Officer Salaries

What is the average of a Bank Loan Officer in Waterloo, IA?

The Bank Loan Officer salary range is from $36,936 to $52,577, and the average Bank Loan Officer salary is $45,873/year in Waterloo, IA. The Bank Loan Officer's salary will change in different locations.

Which location pays the highest Bank Loan Officer salary in the United States?

The Bank Loan Officer salary in San Jose, CA is $61,970 which is the highest in the US.

What kinds of reasons will influence the Bank Loan Officer's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Bank Loan Officer.

What is the growth rate of the Bank Loan Officer's salary?

If you are thinking of becoming a Bank Loan Officer or planning the next step in your career, find the detailed salary report of a Bank Loan Officer.